Business Archives - Page 21 of 40

1Aug

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UK pivot could be good for Thais

UK pivot could be good for Thais This weekend the UK's HMS Richmond has entered Thai territorial waters to conduct a joint military exercise with the Royal Thai Navy. It represents the first visit of a Royal Navy ship to Thailand since HMS Daring visited in 2014. Notably, it is the first engagement of the UK Carrier Strike Group with an Asean nation as part of the UK government's commitment to becoming "a persistent, credible and reliable presence in the Indo-Pacific". To that end, the long overdue publication of a UK Indo-Pacific strategy could strengthen the UK government's definition of Global Britain, a term much touted much by officials in attempts to sketch out a vision of a post-Brexit landscape that aligns with its sea-faring empirical history and present need for productive and ...

Asia Today: N Zealand suspends travel bubble with Australia

1Aug

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Asia Today: N Zealand suspends travel bubble with Australia

WELLINGTON, New Zealand (AP) — New Zealand on Friday suspended its quarantine-free travel bubble with Australia for at least eight weeks due to a growing COVID-19 cluster in Sydney. New Zealand recently imposed quarantine restrictions on travelers from New South Wales, Victoria and South Australia states, where lockdowns have been introduced to contain delta variant clusters. Prime Minister Jacinda Ardern said quarantine-free travel would be suspended from anywhere in Australia from 11:59 p.m. New Zealand time. Ardern said she hoped to have all New Zealanders who wanted to return flown home from Australia with managed flights within a week. The travel bubble has existed since April and has provided both countries with their only quarantine-free international flights. Both Australia an

Strongest semiconductor stocks to buy that aren’t Nvidia

1Aug

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Strongest semiconductor stocks to buy that aren’t Nvidia

It’s hard to imagine a more bullish scenario for semiconductor stocks than the current global chip shortage. With the COVID-19 pandemic driving demand thanks to people stuck at home using their favourite technological devices and a China-U.S. trade war that resulted in several supply chain bottlenecks, the companies that produce these innovative integrated circuits are truly thriving. Look no further than Nvidia (NVDA), a monster semiconductor stock that has rallied more than 55 per cent year to date amid the chip shortage backdrop and a stock split announcement. While several analysts have boldly placed a $1,000 (U.S.) price target on Nvidia that implies even more upside, there are plenty of other options in the industry that might present a better risk-to-reward profile at this time.

31Jul

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Malls plead to deliver food

A delivery man stands by near an eatery at a shopping centre in Lat Phrao area of Bangkok last month. (Photo: Apichart Jinakul) A proposal to allow eateries and restaurants in department stores and shopping malls to sell food via online delivery platforms will be presented for approval by the Centre for Covid-19 Situation Administration (CCSA). Deputy government spokeswoman Traisulee Taisaranakul said that the Public Health Ministry had already discussed the matter with the CCSA and will put forward the proposal shortly. The government is aware of the plight of eatery and restaurant operators affected by the latest round of restrictions from July 20, she said on Monday. Among them was the renewed shuttering of restaurants and eateries in shopping malls. Under the plan, staff and emplo...

The Latest: Florida county orders employees to be vaccinated

31Jul

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The Latest: Florida county orders employees to be vaccinated

ORLANDO, Fla. — All the 4,200 nonunion employees of Orange County in Florida will be required to get their first coronavirus vaccine shot by the end of August and the second by the end of September. Mayor Jerry Demings issued the order Wednesday. He also ordered all county employees to wear masks at indoor county facilities when in the presence of others. County officials are negotiating with unions to extend the vaccine requirement to the county’s more than 3,000 unionized workers. The county is home to Walt Disney World and Universal Orlando Resort, and the mayor is urging all private employers in the county to require their employees to get vaccinated and to their workers and patrons customers masks indoors. Demings acknowledged that he can’t mandate such things under laws passed by

Muslims mark Eid al-Adha holiday in pandemic’s shadow

31Jul

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Muslims mark Eid al-Adha holiday in pandemic’s shadow

CAIRO (AP) — Muslims around the world were observing Tuesday yet another major Islamic holiday in the shadow of the pandemic and amid growing concerns about the highly infectious delta variant of the coronavirus. Eid al-Adha, or the “Feast of Sacrifice,” is typically marked by communal prayers, large social gatherings, slaughtering of livestock and distributing meat to the needy. This year, the holiday comes as many countries battle the delta variant first identified in India, prompting some to impose new restrictions or appeal for people to avoid congregating and follow safety protocols. The pandemic has already taken a toll for the second year on a sacred mainstay of Islam, the hajj, whose last days coincide with Eid al-Adha. Once drawing some 2.5 million Muslims from across the globe

30Jul

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Anti-vaxxer propaganda spreads in Asia

Anti-vaxxer propaganda spreads in Asia A woman who has received her first dose of Sinovac Biotech's CoronaVac vaccine for the coronavirus disease drops her entry for the weekly raffle draw of sacks of rice for vaccinated residents at the Barangay Sucat Covered Court, in Muntinlupa City, Metro Manila, Philippines, on June 21. (Reuters photo) Though Gerry Casida is on the priority list for a free Covid-19 vaccine in the Philippines because of his asthma, he isn’t planning to get the shot any time soon. A video he found on social media of a woman claiming vaccines are being used for genocide helps explain why. "I’ve read a lot of posts on Facebook about how many died in other countries because of vaccines, and how that’s being concealed," said the construction worker, 43, from Manila. "My

Myanmar dependent on Chinese vaccine amid the deadly 3rd wave of COVID-19

30Jul

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Myanmar dependent on Chinese vaccine amid the deadly 3rd wave of COVID-19

Myanmar is facing the deadly 3rd wave of COVID-19 in the country in which hundreds of people are dying every day. In the struggle to arrange the vaccine for the people by military regime in Myanmar ended the search on Chinese vaccine. The Air China planes were landing at Yangon International Airport all through the rainy nights last week. With hundreds of people believed to be dying daily from COVID-19 in Yangon, the military regime has struggled to source vaccines from any other country than China, a reflection of how much of the rest of the world regards the junta as an illegitimate government. So far, Beijing has dispatched three million vaccine doses to Myanmar: two million of the Sinopharm vaccine – donated free by China – and one million Sinovac vaccines purchased by th

SNNP announces IPO to fund new factory, pay debt

30Jul

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SNNP announces IPO to fund new factory, pay debt

SNNP announces IPO to fund new factory, pay debt Srinanaporn Marketing Plc (SNNP), the manufacturer and distributor of soft drinks and snacks, announced its initial public offering (IPO) yesterday at a price of 9.20 baht per share with the subscription period set for today until Friday. Chayut Leehacharoenkul, the company's chief financial officer, said the company's debut on the Stock Exchange of Thailand is scheduled for the third week of July. SNNP plans to sell 240 million shares through the IPO, which will be allocated to retail investors, institutional investors and company employees. The subscription period for institutional investors is set for July 12-14. SCB Securities serves as the lead underwriter for the IPO along with five other co-underwriters: Maybank Kim Eng Securitie...

First double-dip recession since 1998 looms

30Jul

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First double-dip recession since 1998 looms

First double-dip recession since 1998 looms A man walks at the empty Karon beach on Phuket Island on April 1 this year. (Reuters photo) Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival. The Finance Ministry on Thursday cut its 2021 gross domestic product forecast to 1.3% growth, from the 2.3% it expected in April. With new Covid infections and deaths continually breaking records since the latest surge began in April, some economists are flagging the possibility of a technical recession in the second half of the year, or even a second straight annual contraction, something the country hasn’