Bangkok Post / Business

Today News


'Nut rage' sisters leave Korean Air

Bangkok Post / News

SEOUL: Korean Air Chairman Cho Yang-ho on Sunday apologised for the "immature" behaviour of his two daughters and said they would both immediately resign from their company posts following separate controversies.


G7 ministers meet against backdrop of Russia stand-off


TORONTO (CANADA) - The foreign ministers of the Group of Seven industrialized nations met in Toronto on Sunday seeking a common front against what they see as aggression from Vladimir Putin's Russia.


Chinese investors keen on Thai airport investment

Investors from China have shown interest in investing in the upgrade of three small airports in Thailand, the Airport Department chief says.


Finally home, Bundesbank's gold goes on show


FRANKFURT AM MAIN - All that glitters is definitely gold in a new exhibition at Germany's central bank that lifts the veil on the nation's massive reserves of the precious metal, partly to reassure sceptics that the prized ingots are…


EU, Mexico reach 'agreement in principle' on free-trade deal


BRUSSELS: The European Union and Mexico said Saturday they had reached an "agreement in principle" to modernise a free-trade deal sealed in 2000 between Brussels and the Latin American country.


Prayut plays down concerns over Alibaba monopoly

Bangkok Post

Prime Minister Prayut Chan-o-cha on Saturday played down concerns over Chinese e-commerce giant Alibaba Group's monopoly after Thailand signed a memorandum of understanding (MoU) with the company on investment in the Eastern Economic…


World Bank shareholders approve $13 bln capital increase


WASHINGTON - World Bank shareholders approved a "historic" increase in the bank's lending capacity Saturday after the United States backed a reform package that curbs loans and charges more for higher income countries like China.

Saturday, Apr 21


Scammed tourist guides in hot water

Bangkok Post / News

The Lanna tourist guide association has asked the Tourism and Sports Ministry to be lenient with its members who fell victim to a Chinese tour operator.

Gold prices down B50 to B19,850


The Gold Traders Association this morning announced the buying prices at 19,389.64 baht per baht-weight for gold ornaments and 19,750 baht per baht-weight for gold bars.


US-China trade tension dominates IMF gathering


WASHINGTON: Trade tensions between the United States and China, which threaten to spill over into the global economy, are dominating a gathering of world finance officials even as the Group of 20 avoided the topic on Friday.

US fines Wells Fargo $1bn for mortgage, auto loan violations


NEW YORK - Wells Fargo agreed Friday to pay US$1 billion in fines over US allegations of bank misconduct that damaged consumers -- the largest such penalty so far under the administration of President Donald Trump, who has lambasted the…

SET gains on Q1 results speculation; world markets wobble


Recap: Global stock markets this week kept a close watch on geopolitical tensions flaring in the Middle East following US-led airstrikes against Syria, as well as US trade protectionist measures. Wall Street had three winning sessions…

Jack Ma plays coy about self-driving plans

Alibaba supremo Jack Ma has disclosed that the company is starting work on autonomous technology, but he did not mention when or how the company plans to roll it out in Southeast Asia.

Mexico inching into Asia via Thailand investment


Mexico is looking to use Thailand as a gateway to Asia and forge closer ties in food, bioeconomy, automotive, medical and pharmaceuticals through investment in the Eastern Economic Corridor (EEC).

New Forester planned for Thailand in 2019


Is this really all-new?


KTB, SCB post biggest Q1 dips


Eleven SET-listed commercial banks combined for a slight net profit during the first three months this year, with most large banks setting aside lower impairment charges.

PM denies meddling with NBTC

Bangkok Post

Prime Minister Prayut Chan-o-cha has dismissed speculation that he influenced lawmakers to overturn a list of 14 candidates put forward as prospective board members of the telecom regulator.

BoI holding back EV applications

The Board of Investment's (BoI's) suspension of electric vehicle (EV) manufacturing applications will remain, even though a number of carmakers have announced their intentions to join the government's EV scheme.

Off-budget lending under new limits


The Fiscal Responsibility Act, which puts more restrictions on government off-budget loan-seeking legislation, should help the fiscal budget be spent more thoughtfully, says a senor official at the Finance Ministry.

NBTC firm on 2G auction plan


The National Broadcasting and Telecommunications Commission (NBTC) insists that the auctions of Total Access Communication's (DTAC's) 2G mobile spectrum will take place before the company's concession expires on Sept 15 to prevent service…

New registrations for firms rise 7%


New business registrations rose 7% year-on-year in the first quarter, spurred by rising domestic consumption and the government's investment in megaprojects.

Ministry seeks rental of Rayong LNG terminal


The Energy Ministry is planning to use two units of PTT's receiving terminal for liquefied natural gas (LNG), saying the move is part of a policy to open up LNG trade.

Challenges of cryptocurrency taxation


Ever since cryptocurrencies started to gain popularity, policymakers in many countries have been debating how to design the tax system and regulate transactions in digital assets. Surprisingly, the positions of governments differ widely,…

Climbing the ladder of Thai banking

Chatchai Payuhanaveechai once saw his career in the banking industry as a path to follow in his parent's footsteps and become a retail merchant, but he's not only remained a banker for more than three decades -- he also managed to climb to…

Friday, Apr 20


Trump chides Opec as oil prices rise

Bangkok Post / News

WASHINGTON: US President Donald Trump slammed Opec for inflating oil prices after the cartel showed a willingness to further tighten crude markets.


New airlines drive passenger growth for Cambodia

Bangkok Post / News

Cambodia’s three main international airports welcomed about 3 million passengers in the first quarter of the year, a rise of 26.1% thanks to the increased number of new airlines from China and the opening of new routes.

General Electric reports $1.2bn loss in Q1


NEW YORK: General Electric reported a US$1.2 billion loss in the first quarter Friday following a large legal charge, but shares surged after operating profits topped analyst expectations.


NLA promises no foot dragging on new NBTC candidates

Bangkok Post / News

One day after dumping all the candidates to be new broadcasting and telecommunications regulators, the National Legislative Assembly (NLA) said on Friday that attempts to search for new ones will start soon.


SET ends above 1,800, other SE Asia stocks close mixed

Bangkok Post / News

The Stock Exchange of Thailand slightly increased, while other Southeast Asain shares closed mixed on Friday.


Major auction of KTB loan-scandal land in June

A total of 4,340 rai of land along the Bang Na-Trat highway in Samut Prakan province will be offered for auction in June, part of the disposal of assets tied to the Krungthai Bank's illegal 10-billion-baht loan to a Krisdamahanakorn…