Malaysia's Petronas Suffers 2-Billion-Dollar Quarterly Loss
Kuala Lumpur (DPA) - Malaysia state-owned energy firm Petronas suffered a 7.27 billion ringgit (2 billion dollars) loss in the final quarter of 2014 due to lower oil prices, the company said Saturday.
Samsung Recalls Galaxy Note 7 For Exploding Batteries
SEOUL, South Korea — Samsung recalled its Galaxy Note 7 smartphones on Friday after finding some of their batteries exploded or caught fire.
Choo Choo! Thai-Chinese High-Speed Train Contract Inked
BANGKOK (Xinhua) — A key contract for work on the Thai-Chinese high-speed railway from Bangkok to northern Thailand's Nakhon Ratchasima was signed here on Wednesday, injecting new vitality to the country's sluggish economy.
Thai Junta Expands Power Over Lucrative Sectors
BANGKOK — After overthrowing Thailand’s civilian government in a coup d’etat last month, the Thai military junta has begun to implement major economic policies, with little to no oversight.
2 Stimulus Packages Planned to Salvage Economy Sickened by Virus
BANGKOK (Xinhua) — Thailand's Ministry of Finance on Wednesday proposed to the Center for Economic Situation Administration (CESA) two stimulus packages aimed at reviving a grim economy set in the last quarter of the year.
Economy To Grow in 2015: TDRI
BANGKOK — The Thai economy will improve in 2015 under the military junta's rule, a Thailand-based policy institute has predicted.
RS To Be Punished For Withholding World Cup Broadcasts
BANGKOK — Thailand’s state media regulator is considering punishing entertainment conglomerate RS International for failing to broadcast several FIFA World Cup matches on free TV channels.
Nok Air to Compensate Passengers After Strike Leaves Hundreds Stranded
BANGKOK — At least one flight remained canceled Monday after a Nok Air pilot strike yesterday left more than 1,500 passengers stranded.
Bad Week in Social Media Gets Worse; Twitter Hammered
NEW YORK — Cracking down on hate, abuse and online trolls is also hurting Twitter's standing with investors.
The company's stock plunged Friday after it...
ASEAN Summit: China, Thailand Expect More Business Opportunities
BEIJING (Xinhua) — China and Thailand have long engaged in friendly relations and trade cooperation and are looking forward to further development in their ties alongside strengthening regional cooperation.