PTT moves closer to decision on Ohio petrochemical plant with storage deal

Thailand unveils new cabinet with economic czar from PTT group

Thailand unveils new cabinet with economic czar from PTT group Appointments show Prayuth’s priority is to restructure COVID-hit state entities BANGKOK — Prime Minister Prayuth Chan-ocha’s government on Thursday announced it had handed key positions in the energy and finance departments to former executives in a state-owned company and a commercial bank, in a reshuffle…

Thailand’s Charoen Pokphand family ranked 21 on world’s rich list

Thailand’s Charoen Pokphand family ranked 21 on world’s rich list

Thailand’s Charoen Pokphand family ranked 21 on world’s rich list Bloomberg has released its list of the world’s wealthiest, and the family behind Thailand’s Charoen Pokphand Group sits at number 21. The CP conglomerate is one of the world’s largest, operating across multiple sectors, including food manufacture, agriculture, retail, and telecommunications. It has stakes in…

Thailand’s GDP to shrink from 9.4 to 11.4 percent

Thailand’s GDP to shrink from 9.4 to 11.4 percent

Thailand’s GDP to shrink from 9.4 to 11.4 percent The Thai Chamber of Commerce (UTCC) has predicted that the Thai GDP this year will shrink between 9.4 to 11.4 percent due to the COVID-19 pandemic. The Center for Economic and Business Forecasting (CEBF) of the University of the Thai Chamber of Commerce (UTCC) has predicted…

UTCC: 11.4% contraction in GDP forecast for 2020

UTCC: 11.4% contraction in GDP forecast for 2020

UTCC: 11.4% contraction in GDP forecast for 2020 Thailand’s economy is likely to contract by as much as 11.4% this year, its worst showing, attributed largely to the pandemic impact, volatile foreign exchange, widespread drought and the continued US-China trade spat. Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce, said the…

Price of gold rises but investment not without risks

Price of gold rises but investment not without risks

Price of gold rises but investment not without risks A leading investment research firm says the price of gold is on the rise, with predictions bullion could reach US$2,000 an ounce. Chayanee Juengmanon from Morningstar Research Thailand says one exchange-traded fund favoured by most domestic gold mutual funds, recorded net inflows of over $20 billion…

Thai delivery app merger gets 3.5 billion baht boost

Thai delivery app merger gets 3.5 billion baht boost Homegrown Thai delivery app Line Man is merging with its longtime partner, online restaurant review platform Wongnai Media. Line Man has secured fresh capital investment worth US$110 million (3.5 billion baht) from BRV Capital Management to bolster the new entity. The merger marks the first time…

Nok Air will survive despite bankruptcy: CEO

Nok Air will survive despite bankruptcy: CEO

Nok Air will survive despite bankruptcy: CEO Thai budget carrier Nok Air is insisting that its business will be able to return to solvency despite filing a business rehabilitation request with the Central Bankruptcy Court, shortly after national flag carrier Thai Airways did the same. Nok Air CEO Wutthiphum Jurangkool said yesterday that the impact…