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BUSINESS

Cheering for Thailand

Asia focus, Nareerat Wiriyapong, Published on 31/07/2017

» Before I encountered Teisuke Kitayama at the headquarters of Sumitomo Mitsui Banking Corporation (SMBC) in Tokyo, I was a little nervous given his stature as the recently retired chairman of Japan's second-largest lender. It was the last day of my two-week visit to Japan and I was eager to make the most of this final appointment before I flew out the next morning.

BUSINESS

Full plate for new face at DE Ministry

Business, Komsan Tortermvasana, Published on 31/07/2017

» Ajarin Pattanapanchai, the designated permanent secretary of the Digital Economy and Society Ministry (DE), will have a raft of critical tasks awaiting her, says a ministry source.

BUSINESS

Thai SMEs not ready to adopt IFRS

Business, Nuntawun Polkuamdee, Published on 31/07/2017

» Thailand has decided to postpone adopting the International Financial Reporting Standards (IFRS) for small and medium-sized enterprises (SMEs) from the start of next year to 2019 to allow such businesses some extra time to brace for the big change.

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BUSINESS

Property investment rockets to B112bn in Q2

Business, Post Reporters, Published on 31/07/2017

» Thailand's property investment in the second quarter topped 112 billion baht, driven by two transactions worth a combined 59 billion baht by billionaire Charoen Sirivadhanabhakdi's TCC Group that bought properties back from the funds.

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BUSINESS

The Yokohama model

Asia focus, Nareerat Wiriyapong, Published on 31/07/2017

» To attract international trade and investment, as well as talent and tourism, Asian cities have to develop highly livable and sustainable urban environments. Yokohama is leading the way with innovative urban planning and is now helping its peers in Southeast Asia to upgrade their appeal.

BUSINESS

Asian flashpoints in a proxy war

Asia focus, Erich Parpart, Published on 31/07/2017

» Geopolitical conflict is intensifying in Asia. From the Korean peninsula and the South China Sea to the Doklam Plateau, territorial disputes have the potential to destabilise the region -- and all of them ultimately involve China and the United States.

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BUSINESS

Indonesia and Thailand charting clear maritime boundaries

Asia focus, Ismira Lutfia Tisnadibrata, Published on 31/07/2017

» Indonesia and Thailand are embarking on what could be a long and tedious negotiation process to determine the border of the exclusive economic zones (EEZ) between the two countries in the Andaman Sea.

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THAILAND

Not toeing the taxi monopoly line

Business, Suchit Leesa-nguansuk, Published on 31/07/2017

» In a constantly changing world, the ability to adapt is the only sustainable competitive advantage, and the taxi industry is learning this lesson the hard way. Taxi drivers are holding onto their reduced market share with sweaty hands as Line Man enters the dynamic race for ride-hailing customers, who are seeking sleeker digital platforms and more convenient ways to book rides.

OPINION

China uses trade as political weapon

News, Brahma Chellaney, Published on 31/07/2017

» China denies mixing business with politics, yet it has long used trade to punish countries that refuse to toe its line. China's recent heavy-handed economic sanctioning of South Korea, in response to that country's decision to deploy the Terminal High Altitude Area Defence (THAAD) anti-missile system, was just the latest example of the Chinese authorities' use of trade as a political weapon.

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BUSINESS

Trat SEZ pinned as border hub

Business, Suchat Sritama, Published on 31/07/2017

» Thailand's much-touted Eastern Economic Corridor (EEC) and a new special economic zone (SEZ) in Trat province are expected to become instrumental in bolstering trade not only to Thailand but also to Cambodia and Vietnam, business leaders from the two countries said at a cross-border trade seminar.