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Update: Tue, Sep 19 2017    

Northrop Grumman to buy space firm Orbital for $9.2 bn

NEW YORK - US defense group Northrop Grumman will buy out the rocket and missile maker Orbital ATK in a deal worth $9.2 billion, the firms said on Monday.

The way forward is digital, says UOB’s Wee Ee Cheong

SINGAPORE - A sentiment of celebration, bonhomie and optimism echoes in the views of the region’s business pioneers, who have founded some of Asean’s leading business houses and institutions

Vietjet CEO taking budget airline to higher plane

HANOI - Nguyen Thi Puong Thao, the president and chief executive of budget airline Vietjet Air, believes that in future, e-commerce and low-cost airlines will both grow rapidly and, with the opening of Asean skies, the aviation market will continue to expand.

Tobacco giant criticises new tax; border controls tightened to prevent smuggling

AUTHORITIES tightened border controls to prevent smuggling while a leading international tobacco company yesterday urged the government to improve the structure of the tobacco tax to meet global standards after a new excise tax took effect over the weekend, raising the retail price of cigarettes and alcohol.

New welfare cards prompt concerns over govt control

ACTIVISTS campaigning for the rights of the underprivileged have expressed concerns about the government’s launch of welfare cards. 

Metro Cash & Carry builds warehouse in  Myanmar

Metro Cash & Carry, an international specialist in wholesale and food retail with a presence in 25 countries, recently entered Myanmar by kicking off construction of its warehouse in Thilawa special economic zone this week. 

Sermsang Power sets subscription price for its debut on the MAI

Sermsang Power Corporation (SSP) has set the subscription price of its Initial Public Offering (IPO) shares at Bt7.70 per share. They will be available for subscription from September 18-20.

Sustained growth uncertain in nonlife sector

The growth in nonlife insurance direct premiums in Thailand has picked up in recent quarters, but the prospects that this will be sustained are uncertain, Fitch Ratings says.

200 exhibitors lined up for real estate fair next month

Thai Real Estate Association, together with the Housing Business Association and the Thai Condominium Association, will hold the 37th house and condominium fair from October 58 at the Queen Sirikit National Convention Centre under the “Living Solution” theme. 

Greyhound launches foodfashion concept

AP Honda has joined forces with Greyhound, the leading lifestyle brand in Thailand, to launch a new business, Cub House, designed to be a new hangout place for younger generation.

Growth of Thai SMEs hinges on streamlining customs

The health of Thailand’s economy depends on the health of its small businesses. Small and mediumsized enterprises (SMEs) make up 98.5 per cent of Thailand’s businesses, and ecommerce SMEs contribute over 30 per cent of our total exports.

Rising baht puts top banker on spot

GOVERNOR SEEKS BALANCE AS CURRENCY FLUCTUATIONS HURT EXPORTERS AND FARMERS

With upside potential limited, investors will need to be selective in stock pickings

DBS’s fourthquarter strategy launched earlier this month has Thailand and Malaysia markets as overweight as both are considered laggards.

TrueMoney and SCB offer PromptPay service

TrueMoney and Siam Commercial Bank (SCB) have expanded public access to Thailand’s national epayment system by jointly offering the “PromptPay Topup” feature 

Tobacco giant urges changes to Thai excise system

A leading international tobacco company on Sunday urged the Thai government to improve the structure of the tobacco tax to meet global standards. 

THAI board to give go-ahead for Nok Air recapitalisation

THE BOARD of directors of Thai Airways International (THAI) is expected to greenlight a new capital increase plan for Nok Air within the next two to three months following the resignation on Thursday of Nok Air’s chief executive officer Patee Sarasin.

Nok Air share price skyrockets

Nok Air share price on Friday rose 8.79 per cent, closing at Bt5.20 per share following the resignation on Thursday of Nok Air’s chief executive officer Patee Sarasin.

Govt expects Bt500bn Japanese investment in EEC

Industry Minister Uttama Savanayana said on Wednesday that he expects new investment from Japanese investors in the first five years of the Eastern Economic Corridor (EEC) development project to be at least Bt500 billion.

Foremost producer appoints new MD

FrieslandCampina (Thailand), the producer and distributor of Foremost dairy products, has announced the appointment of Vipas Paovarojkit as new managing director.

Booking.com champions women in tech

Booking.com, the global tech company that connects travellers with places to stay, has announced an exclusive partnership with the Women in Tech initiative at this year’s Web Summit.