Business News

02-02-2012
Facebook, and Zuckerberg, embark on mega-IPO[886 views]

SAN FRANCISCO - Facebook unveiled what is expected to be Silicon Valley's largest ever initial public offering, but made it clear to outside investors that they will have little voice in its running, as founder and CEO Mark Zuckerberg will continue to exercise almost complete control.
02-02-2012
American Airlines aims to cut 13,000 jobs[882 views]

DALLAS — The parent of American Airlines wants to eliminate about 13,000 jobs — 15 percent of its workforce — as the nation's third-biggest airline remakes itself under bankruptcy protection.
01-02-2012
2012 Rice trade predicted to fall on weaker demand[1,882 views]

BANGKOK, Feb 1 - The international rice trade is forecast to fall by approximately 1 million tonnes, or 5 per cent, this year as improved harvest prospects in several major importing countries may reduce overall demand after achieving a worldwide record of 34.5 million tonnes (milled basis) in 2011, according to the United Nations' Food and Agriculture Organization (FAO).
29-01-2012
Thai PM convinces business leaders there will be no flood crisis[1,295 views]

DAVOS, Switzerland, Jan 28 -- Thai Prime Minister has convinced international business leaders that Thailand has prepared plans to prevent future flood crises and that the country has potential to be centre of the Association of Southeast Asian Nations (ASEAN) ready to offer investment privileges.
28-01-2012
Three in four oppose government idea of selling PTT shares[974 views]

BANGKOK, Jan 27 – An opinion poll released Friday found that a substantial majority of respondents--77 per cent, or three out of every four persons polled--oppose the government idea of selling shares of PTT Plc, the state-owned oil and gas conglomerate, which would effectively privatise the state enterprise.
28-01-2012
More workers will be unemployed after flood[1,286 views]

BANGKOK, Jan 27 -- More workers are expected to be unemployed after last year’s flood crisis reduced forward purchase orders for some factories while others shifted their production to other provinces to avoid a repetition of flood problems, according to a senior labour official.
24-01-2012
RIM’s new leader raises doubts among investors[702 views]

TORONTO/LONDON - The new leader at Research In Motion on Monday dismissed talk of drastic change at the BlackBerry maker, a declaration seized on by impatient investors who say Thorsten Heins has only 12 to 18 months to turn RIM around.
23-01-2012
37% hope Cabinet reshuffle will improve government’s working efficiency[936 views]

BANGKOK, Jan 22 – Over thirty-seven per cent of respondents hoped that the cabinet’s reshuffle would improve the government’s work efficiency, according to a survey released on Sunday.
11-01-2012
Thai shrimp production projected to grow 10-20% this year[4,103 views]

BANGKOK, Jan 11 – The Thai Shrimp Association on Wednesday announced its projection that this year’s overall Thai shrimp production will increase by 10-20 per cent, valued at some Bt120 billion.
08-01-2012
Government is confident economic growth this year will hit 7%[1,302 views]

BANGKOK, Jan 7 -- Deputy Prime Minister and Commerce Minister Kittirat Na Ranong affirmed Thailand's economy remained strong, despite the country facing a massive flood crisis late last year, and he was confident the Gross Domestic Product (GDP) could expand more than 7 per cent this year.
03-01-2012
Factory output subdued going into 2012[763 views]

LONDON/MUMBAI (Reuters) - Global manufacturing activity was subdued going into 2012, with the euro zone's industrial sector suffering its fifth straight month of declines in December and Asian factories mostly stuck in a rut.
23-11-2011
Thai export growth in October hits two-year record low[1,038 views]

BANGKOK, Nov 22 –Thai exports in October were valued at US$17.19 billion, only 0.3 per cent growth, the lowest reported in two years, said Deputy Commerce Minister Siriwat Kajornprasart, crediting the decline to the recent severe flood.
22-11-2011
Flood crisis likely to slash 2011 GDP to 1.5%: NESDB[1,158 views]

BANGKOK, Nov 21 - Thailand's flood crisis is likely to slash 2011 gross domestic product (GDP) to only 1.5 per cent, even further from the previous forecast of 3.5-4 per cent, according to the Office of the National Economic and Social Development Board (NESDB).
16-11-2011
Toyota remains loyal to flood-hit Thailand[1,901 views]

While Thailand’s floods offer a golden opportunity for automakers to diversify their investment across the region – hunting down cheaper suppliers in nearby Vietnam or Indonesia – the kingpin of the Thai market, Toyota, has no plans to go anywhere.
26-10-2011
Canon cuts year’s forecast on high yen, Thai floods[907 views]

TOKYO, October 25, 2011 - Japanese high-tech giant Canon said Tuesday it had lowered its annual forecast as it grapples with a historically high yen, a slowing global economy and the impact of heavy flooding in Thailand.
26-10-2011
Thai floods force Honda to shut Malaysia plant[1,024 views]

KUALA LUMPUR, October 25, 2011 - Japanese auto giant Honda halted production at its Malaysian plant Tuesday due to disruption to its supply chain caused by devastating floods in neighbouring Thailand.
22-10-2011
Toyota’s Thai factories stay closed due to flood[1,467 views]

TOKYO, October 21, 2011 - Leading Japanese automaker Toyota said Friday its three factories in Thailand will stay closed for another week due to the effects of severe flooding.
18-10-2011
Facebook and eBay downplay Google threat[1,309 views]

SAN FRANCISCO, October 18, 2011 - Silicon Valley star Sean Parker said Monday that Facebook would have to blunder in a big way for Google's social network to steal its crown.
15-10-2011
Toyota to extend production halt due to Thai floods[1,370 views]

TOKYO, October 14, 2011 - Toyota on Friday said it would extend a production halt in Thailand through October 22 due to parts supply constraints as a result of the country's worst flooding in decades.
13-10-2011
Japan firms’ output hit by Thai floods[1,439 views]

TOKYO, October 12, 2011 - Toyota on Wednesday said production at its three Thailand plants would be halted until at least Saturday, with the operations of many Japanese firms crippled by the country's worst flooding in decades.