By Reuters Staff and published by Livemint.com SHARES of Twitter slumped 7% today (Jan. 11), on course to knock off about $2.5 billion from the market value of the social media company after it permanently suspended the account of US President Donald Trump The slide came as some Republicans hit out over the weekend at
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Innovative shop owner introduces gold face mask chains
DOING well amid the coronavirus pandemic is a gold shop in Chanthaburi province which has introduced gold face mask chains as a new type of ornament for the well-off, Ejan news site and Sanook.com reported today (Jan. 11, 2021). Ms. Patchanuch Anusas-amornkul, the owner of Mae Kimti diamond and gold shop in Mueang district of
Read moreHyundai holding early talks with Apple on electric vehicle tie-up
By Reuters Staff and published by Channel NewsAsia Seoul: South Korea’s Hyundai Motor Co said today (Jan. 8) it was in early talks with Apple, after local media reported the firms were discussing an electric car and battery tie-up, sending Hyundai shares surging 25 percent. The report comes weeks after Reuters reported that Apple was
Read moreTrump bans transactions with 8 Chinese apps including Alipay
By Reuters and published by VOA News Washington: US President Donald Trump on Tuesday (Jan. 5) signed an executive order banning transactions with eight Chinese software applications, including Ant Group’s Alipay, the White House said, escalating tensions with Beijing before President-elect Joe Biden takes office this month. The order, first reported by Reuters, tasks the
Read moreCP Group company acquires 15% stake in China’s Sinovak
HONG KONG-listed Sino Biopharmaceutical, controlled by Charoen Pokphan Group, is investing $515 million (15.4 billion baht) in Sinovak Life Sciences, a company that produces coronavirus vaccine under the brand “Coronavak,” Sanook.com quoted Japanese Nikkei news agency as saying today (Jan. 5). This investment will give Sino Biopharmaceutical a 15% stake in the Chinese firm which
Read moreWhat the #)$*#@)($ is happening with Bitcoin’s insane record run?
By David Goldman, CNN Business New York: Bitcoin is crashing — upward. It just passed $28,000 and shows no signs of stopping. The digital currency has a market value north of $500 billion. Think Bitcoin is just a fad? It’s worth more than Visa (V) or Mastercard (MA). Or Walmart (WMT). Bitcoin passed $20,000 for
Read morePM confident economy is recovering, welcomes Bloomberg boost
PRIME Minister Prayut Chan-o-cha is pleased that Thailand topped a Bloomberg study of 17 developing markets gauging their outlook for 2021 pointing out that this is a result of various economic stimulus measures and will boost confidence in trade and investment in the new year, Siam Rath newspaper reported today (Dec. 21). The Bloomberg report,
Read moreUS adds Thailand to currency manipulation watchlist
THE US Treasury Department added Thailand to its “monitoring list” of currency manipulating countries today (Dec. 17) on suspicions that the country took various steps to weaken its currency against the US dollar, South China Morning Post and Sanook.com reported. The US Treasury said its “monitoring list” of countries that meet some of the criteria
Read moreCouch or cubicle? Vaccine may not lure Americans back to the office
By Reuters Staff, published by United States News Washington: Zoom fatigue? Isolation from colleagues? A craving for lamb shawarma from the downtown food truck? Nah. Months into a pandemic that has changed work-life balance into a work-life M.C. Escher drawing – with the end of one and the beginning of the other now indistinguishable –
Read more‘Will not be bullied’: citizens around the world told to buy Australian wine
The Sydney Morning Herald London: Millions of people around the world are being urged to buy an Australian bottle of wine or two, as a way of showing Chinese President Xi Jinping that the world will not be intimidated by his “bullying of Australia”. The Inter-Parliamentary Alliance on China (IPAC), comprising more than 200 MPs
Read moreChina’s tariffs slam door shut on Australian wine’s biggest export market
By Michelle Toh, CNN Business Hong Kong: Australia’s winemakers are scrambling to find new buyers around the world after China imposed hefty tariffs on the industry, effectively cutting it off from its most important export market. Beijing’s decision last week to impose tariffs of up to 212% on Australian wine imports has endangered business with
Read moreGermany wants to grow out of crisis ‘with full strength’ next year
By Reuters staff, published by US News Berlin: Germany is mobilising huge sums of money to soften the impact of the coronavirus pandemic and hopes the economy will emerge from the crisis with full strength in 2021, Finance Minister Olaf Scholz said today (Nov. 27, 2020). “Our goal is to overcome this pandemic and grow
Read moreBTS denies threatening to halt green line over B8 billion debt
BANGKOK Mass Transit System Plc (BTS) today (Nov. 19) denied ever threatening to stop running the green line and its extensions in the northern and southern part of the route over accumulated 8 billion baht operation fee which Bangkok Metropolitan Administration (BMA) does not have the funds to pay, Amarin TV reported this afternoon. Mr.
Read moreNew scheme allows using credit card points to invest in mutual funds
THE Stock Exchange of Thailand (SET) unveiled its “Point to Invest” project whereby investors can use their credit card points to invest in mutual funds with this increasing opportunities to create wealth, Thai Rath newspaper reported today (Nov. 15, 2020). Dr. Pakorn Peetathawatchai, SET’s president, said making investment easily accessible to the general public as
Read moreTHAI fights on! Selling lots of products from toothpicks to planes online
THAI Airways International Plc (THAI) opted for an auspicious moment, 11.11, to launch TG Warehouse Sale in an effort to reduce its stocks with plenty of products from toothpicks to airplanes being sold online, Sanook.com reported this afternoon (Nov. 11, 2020). Under its sales promotion, with the tagline being “buy a box at a lower
Read moreInvestors ‘worried about politics, protests escalating’
THE Chairman of the Federation of Thai Capital Market Organizations (FETCO) warned this morning (Nov. 6) that the Thai stock market has been affected by demonstrations that have lingered for over two months now with future outlook depending on whether they escalate or not, INN News report. Mr.Paiboon Narintarangkul, FETCO’s chairman, pointed out that there
Read morePM: Only specific areas to be initially opened to limited number of tourists
PRIME Minister Prayut Chan-o-cha said today (Oct. 7) that agencies concerned are discussing the reopening of the country to tourism but where Phuket is concerned this could only start after the vegetarian festival ends on October 25 but the whole island would not be opened to them, Thai Rath newspaper reported. Foreign tourists coming in
Read moreArkhom appointed new finance minister
THE Royal Gazette today (Oct. 5) announced His Majesty the King’s royal command appointing Arkhom Termpittayapaisith the new finance minister. This appointment by His Majesty the King, with the royal command dated October 1, 2020, was made by virtue of Section 158 of the Constitution. Arkhom, born on July 25, 1956, is a Thai civil
Read moreAnger over Thai hotel’s ‘appropriation of Cambodian culture’
CAMBODIAN social media was awash with criticism of a Thai hotel that built buildings resembling Angkor Wat and other Cambodian landmarks accusing the owners of “cultural appropriation,” Thai Rath newspaper reported today (Oct. 4, 2020). Quoting Khmer Times newspaper, the mass-circulation Thai daily said that many Cambodians had expressed their displeasure at the hotel on
Read moreChinese millionaire tourists first to fly in on private jet
SEVEN Chinese millionaires are ready to fly to Thailand on a private jet as soon as the Foreign Ministry approves the Special Tourist Visa for this class of visitors with this being the only official hurdle remaining as everything else is fully now ready, Thai Quote and Sanook.com reported today (Sept. 29, 2020). Mr. Pipat
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