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Bangkok Mass Transit Authority (BMTA) estimates protest loss around Bt75 mn

The red-shirt rallies in Bangkok are estimated to have cost Bangkok Mass Transit Authority (BMTA) around Bt75 million from March 12 to the end of April, a source at the state agency said yesterday.

Aishwarya Gupta

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Thailand's economy

The red-shirt rallies in Bangkok are estimated to have cost Bangkok Mass Transit Authority (BMTA) around Bt75 million from March 12 to the end of April, a source at the state agency said yesterday.

Excerpt from:
BMTA estimates Bt75 mn loss

Although private investment has joined the rebound in Thai economy, the outlook remains weak relative to other demand

Key risks to the outlook are (i) political uncertainty and (ii) the timing of the withdrawal of fiscal and monetary stimulus. Increased political tensions may have a long-lasting impact on investment, and withdrawal of stimulus (in Thailand and the advanced economies) must be precisely timed to avoid macroeconomic imbalances (including new asset bubbles) while also ensuring that the recovery is on a sufficiently solid footing.

The approved Financial Institution Business Act (FIBA) facilitates increase in foreign ownership in Thai foreign institutions. The Financial Institution Business Act (FIBA) became effective on 3 August 2008 as planned. The FIBA allows financial institutions to raise the foreign limit from 25 percent to 49 percent with permission from the BOT and foreign investors may own more than 49 percent equity stake in Thai banks with permission from the Ministry of Finance and recommendation by the BOT. The increase in foreign limit would encourage Thai banks to seek foreign strategic partners to strengthen the capital base, improve core banking business, IT platform, know-how and add inorganic growth to Thai banks.

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Asian refiners EBITDA will decline by around 30% says Moody’s

Moody’s Investors Service says in a new report that the aggregate EBITDA of Asian refiners will decline by around 30% in 2020

Pr News

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Moody’s Investors Service says in a new report that the aggregate EBITDA of Asian refiners will decline by around 30%

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When the Weekend Isn’t Really the Weekend: Is Flexible Working the Future?

People all around the planet work in different patterns and for varying amounts of time. For example, in France the legal working week is 35 hours long while in Colombia and Turkey the working week is over 47 hours.

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As we become more used to global workforces, this increases the need for work patterns that suit everyone and are fair.

It is becoming clear that workers all over the world could benefit from more flexible hours that let them improve their work-life balance.

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There is still a role for the office in a post Covid-19 world, says TEC

While the pandemic has led many to believe remote work will become the norm, concerns about lagging creativity and loneliness demonstrate that there is still a role for the office in a post Covid-19 world

acn newswire

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HONG KONG – (ACN Newswire) – While the pandemic has led many to believe remote work will become the norm, concerns about lagging creativity and loneliness demonstrate that there is still a role for the office in a post Covid-19 world, according to The Executive Centre (TEC).

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