TOA-Chugoku Paints (TCP) has earmarked 500 million baht to construct its first overseas paint factory in Myanmar, expecting to capture demand from megaprojects. The new factory will produce two paint products — heavy-duty coating and marine paint — with a monthly capacity of 300 tonnes. The project will be located in Thilawa Special Economic Zone […]
Read MorePETALING JAYA: The risk of Malaysia being excluded from the World Government Bond Index (WGBI) is lower now after Bank Negara’s initiatives and engagements to address investor concerns, RAM Ratings says. However, the possibility of an exclusion from the WGBI still cannot be completely discounted because Malaysia remains on the FTSE Russell’s watchlist for a […]
Read MoreEleven SET-listed commercial banks posted a 1.81% year-on-year increase in consolidated unreviewed net profit for the three months through September, while most of them continued to see an uptick in bad loans. Their aggregate net profit for the July-to-September quarter amounted to 57.8 billion baht. Siam Commercial Bank (SCB) delivered a 40.8% surge in its […]
Read MoreBangkok has been ranked No.1 in the Mastercard Global Destination Cities Index (GDCI) for international overnight visitors for the fourth straight year, and the sixth time in the past decade. Thailand is the only country in this year’s GDCI with three cities in the global top 20 for international overnight visitors (Bangkok, Phuket and Pattaya) […]
Read MoreThe upcoming summit meeting of the Association of Southeast Asian Nations, or ASEAN, will acknowledge economic headwinds. But officials also express hope that a free trade pact will help the global economy. A series of summit meetings of the 10-member ASEAN will begin in Thailand on November 2. The draft of the chairman’s statement obtained […]
Read MoreInstant noodles, snacks and seasoning powder have been targeted for taxation on salty foods, with the Excise Department likely to apply World Health Organisation (WHO) guidance on dietary sodium intake capped at 2,000 milligrammes per day as a benchmark to determine the levy rates. The tax rates must be high enough to prompt consumers to […]
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