Companies
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.
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.
Banking
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.
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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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.
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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A New Framework for Corporate Activism
Cathay Pacific CEO Rupert Hogg was forced to resign after his airline (30 percent owned by Air China) was accused by Beijing of not doing enough to reign in employees who showed support for Hong Kong’s pro-democracy protests.
Knowing when – and how – to appropriately speak out on political issues is becoming a core skill for business leaders.
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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...
Thailand Ecommerce Market: Shooting For Success
At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce...
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise
The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing...
Bangkok drops to 20th spot on expat-friendly cities ranking
Thai economy continued to be on a decelerating trend (Bank of Thailand)
Thai Cabinet approves new economic stimulus measures
Trade War Incentive Schemes flourishing in ASEAN
Thai exports down 4.5% in October
Thailand ranks sixth for world’s strongest health security
Thailand among top five countries for salary hikes
Thai Beaches Pricier Than European Resorts
Thai Airways losses spiral to 11 billion baht
UNESCO adds Bangkok and Sukhothai to Creative Cities Network
Thailand ranks sixth for world’s strongest health security
Alibaba confirms $13bn listing in Hong Kong
RCEP trade deal hits snag over India’s demand
Thailand’s loss of trade privileges with US is credit negative
