The banking industry’s bad loans are seen climbing higher for the remaining period of the year, but the central bank is giving assurances that commercial banks’ capital buffer is strong enough to tolerate rising non-performing loans (NPLs) if the economy shrinks 8.1% this year. Source: Business
Read More »Monthly Archives: June 2020
MLB's Ian Desmond, in a powerful post about racism and social injustice, opts out of the 2020 season
Major League Baseball player Ian Desmond is opting out of the truncated 2020 season. Coronavirus concerns factored into his decision, but so did the national reckoning with racism — something Desmond says needs to happen within the league, too. Source: Sports
Read More »Cabinet accepts B200bn in energy schemes
The cabinet yesterday acknowledged the Energy Ministry’s plan to accelerate investment in energy projects worth more than 200 billion baht, starting later this year, in a collective move to help reboot the economy. Source: Business
Read More »Fund inflows into extra SSF units estimated at B10bn
Fund inflows into extra units of the Super Savings Fund (SSF) are anticipated to have reached 10 billion baht before the one-time investment incentive lapsed yesterday, says the Association of Investment Management Companies (AIMC). Source: Business
Read More »PTTOR hopes for fuel sales recovery this month
PTT Oil and Retail Business (PTTOR), the retail fuel arm of PTT, expects fuel sales to return to normal in July after a 5-7% decline for four months in a row. Source: Business
Read More »Demand for hygienic shower toilets surges
The coronavirus crisis is catalysing adoption of contactless shower toilets as hygiene concerns escalate, says Lixil Thailand, a maker of sanitaryware and housing products. Source: Business
Read More »Central takes on farm supply
Central Group is launching a programme to help rebuild the economy by buying goods from local farmers and small producers and selling the products at discounted prices at the group’s 106 shopping plazas nationwide. Source: Business
Read More »Carlos Sainz reveals Covid-19 health fears as F1 season gets set to start
As the 2020 Formula 1 season finally gets ready to start, McLaren driver Carlos Sainz has revealed his health fears about the sport returning amidst the coronavirus pandemic. Source: Sports
Read More »New study reveals 'evident' racial bias in TV football commentary
There is “evident” racial bias in the way football commentators refer to players of different skin colors, says a new study published on Tuesday. Source: Sports
Read More »Kyrgios calls Becker a 'doughnut' after being labeled a 'rat' by tennis great
The fallout from Novak Djokovic’s Adria Tour continues, with tennis great Boris Becker and current star Nick Kyrgios embroiled in a verbal tit-for-tat. Source: Sports
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