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Thai Airways losses spiral to 11 billion baht

Thailand national airline has reported a further slump in profits for Q3 2019 with a net loss of 4.68 billion baht.

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Thai Airways routes

The national carrier Thai Airways International (THAI) reported a net loss of Bt4.68 billion, In the first nine months of 2019, THAI accumulated a loss of Bt11 billion.

This loss translates to Bt2.14 loss per share, which is Bt0.44 higher than last year or 25.9 per cent.

THAI president Sumeth Damrongchaitham said the national airline would post a loss of less than 3 billion baht in the last quarter of this year, which is the high season. Just a few days ago, he said he hoped the airline could reduce its full-year loss to 2.2 billion baht, from an expected 10 billion.

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Companies

Cyber incidents top most important business risks for Asia-Pacific companies

For the first time ever, Cyber incidents (35% of responses) rank as the most important business risk in Asia-Pacific in the ninth Allianz Risk Barometer 2020

Boris Sullivan

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Flexible working and cybersecurity

For the first time ever, Cyber incidents (35% of responses) rank as the most important business risk in Asia-Pacific in the ninth Allianz Risk Barometer 2020, relegating perennial top peril Business interruption (BI) (34% of responses) to second place.

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Corporate debt market in Thailand well positioned for further growth

Brazil, China, South Africa and Thailand are best-placed for corporate debt market growth says Moody’s Investors Service in a report that analyzed trends in 35 emerging markets.

Olivier Languepin

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Corporate debt markets in Brazil (Ba2 stable), China (A1 stable), South Africa (Baa3 negative) and Thailand (Baa1 positive) are best-placed to achieve further growth in the coming years, Moody’s Investors Service said today in a report that analyzed trends in 35 emerging markets.

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Companies

Thailand among top five countries for salary hikes

Thailand is among the top five economies in the world to see real salary increases and is likely to see a real salary increase of 4.1% in 2020, up from 3.9% in 2019.

Boris Sullivan

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The emerging economies of Vietnam and Thailand both saw significant real salary increases, placing them in the global top five, with increases of 5.1% and 4.1% respectively, according to a report by ECA International.

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