BANGKOK: Thailand’s economy is expected to grow 2.2 per cent this year, slightly higher than a previous forecast of 2.1 per cent, the finance ministry said on Wednesday. Exports, a key driver of Thai growth, are expected to rise 5.5 per cent this year, up from an earlier forecast of […]
Business
BANGKOK: Car production in Thailand rose for a second straight month in June, up 11.98 per cent from a year earlier to 130,223 units, the Federation of Thai Industries said on Thursday. The increase followed a year-on-year rise of 10.32 per cent in May. Thailand is Southeast Asia’s biggest auto […]
HONG KONG: Asian markets extended the week’s gains Thursday (Jul 24) on optimism other countries will follow up Japan’s US trade deal with ones of their own, with speculation building that the European Union is on course. Investors have been on a roll in recent weeks on bets that governments […]
Apple is in talks to acquire the U.S. rights to screen Formula 1 when the broadcast contract becomes available next year, Financial Times reported on Wednesday.
TOKYO: Japan’s industry ministry will sign an agreement with Siemens Gamesa Renewable Energy on Tuesday to establish a framework for public-private cooperation aimed at building local supply chains for offshore wind power, a ministry official said. With no wind turbine manufacturers in Japan, the goal is to promote collaborations with […]
WASHINGTON: Elon Musk yesterday denied a report that he used ketamine and other drugs extensively last year on the 2024 campaign trail. The New York Times reported Friday that the billionaire adviser to President Donald Trump used so much ketamine, a powerful anaesthetic, that he developed bladder problems. The newspaper […]
KUALA LUMPUR: The ringgit rebounded against the US dollar today to finish at more than a five-month high amid renewed interest following encouraging tariff talks between Malaysia and the US government. At 6 pm, the local currency was higher at 4.3615/3665 versus the greenback compared with Friday’s close of 4.3705/3770. […]
SAN FRANCISCO : Intel’s new CEO, Lip-Bu Tan, is flattening the semiconductor giant’s leadership team, with important chip groups reporting directly to him, according to a memo from Tan seen by Reuters. Intel has also promoted networking chip chief Sachin Katti to be chief technology officer and artificial intelligence chief, […]
WASHINGTON: A federal judge yesterday ordered the government-downsizing team created by US President Donald Trump and spearheaded by billionaire Elon Musk to make public records concerning its operations, which he said had been run in “unusual secrecy.” US District Judge Christopher Cooper in Washington sided with the government watchdog group […]
TOKYO : Japan recorded a current account deficit in January for the first time in two years as a weak yen inflated the cost of imports, finance ministry data showed on Monday. A boost in imports of smartphones and electronic parts in the run-up to the Lunar New Year holiday, […]