The Hanoitimes – ThaiBev affirms that Vietnam “continues to be one of ThaiBev’s core markets.” Thai Beverage Public Co. Ltd. (ThaiBev) has rejected rumors that it was seeking a buyer for Sabeco, the largest brewage company in Vietnam. “THBEV wishes to clarify that these claims are entirely without merit and that the Company has no intention […]
Read MoreCharoen Pokphand Group (CP), the country’s biggest agribusiness conglomerate, is scheduled to file documentation for the group’s deal to acquire 86.9% of the Thai business of Tesco and 100% of the UK retailer’s Malaysian business in a deal valued at US$10.6 billion with the Office of Trade Competition Commission (OTCC) for consideration this week or […]
Read MoreTo cut or not to cut is the puzzle facing economists and analysts deciphering the Bank of Thailand’s interest rate decision-making, with pandemic pressures presenting the possibility of a zero policy interest rate. The Bank of Thailand cut its policy rate by 25 basis points to a record low of 0.50% on May 20 to […]
Read MoreThe Bank of Thailand said it’s concerned about a recent rapid appreciation in the currency and added it’s ready to take steps to curb a climb that could imperil an already fragile economy. The baht’s near 2% rise against the dollar in the past month is among the steepest in Asia, aided by dwindling Thai […]
Read MoreThe Foreign Ministry has informed Thailand’s foreign chambers of commerce that foreigners who have work permits or permission from Thai government agencies will soon be allowed to enter the kingdom. Currently, Thai nationals who wish to return to the country are being accommodated while some particular groups of foreigners such as diplomats or humanitarian workers […]
Read MoreThai Airways International (THAI) has decided to halt flights by the airline for another month and maintain salary cuts put in place after the Covid-19 outbreak, according to a THAI source. The source said the decision was reached after some new board members met for the first time on Friday to keep the national carrier […]
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