Business

NEW YORK: Jerome Powell, this story’s for you. Source: Business

SAN FRANCISCO: Apple said Tuesday its profit in the just-ended quarter nearly doubled amid improving consumer spending and a “growing sense of optimism” as pandemic lockdowns eased. Source: Business

The economic impact from lockdowns may cause Thai GDP to drop by 300 billion baht or 1.7 percentage points, while listed companies’ earnings price per share are expected to decline by 4% this year, as reflected in recent decreases in share prices, according to Kasikorn Securities. Source: Business

Even with the pandemic in Thailand surging, including new infections in the Phuket sandbox scheme, the country is unlikely to turn its back on reopening to tourists as the sector remains a lifeline for people struggling to survive financially during the crisis. Source: Business

We are now living in a digital world, accelerated by businesses and governments globally as they shake off the hangover of an unprecedented pandemic, and Asia Pacific is poised to benefit significantly. Source: Business

Research houses have upgraded growth projections for Thai exports after shipments recorded high levels in June because of the global economic recovery. Source: Business

SET-listed WHA Utilities & Power (WHAUP), which provides utilities under WHA Corp, Thailand’s biggest industrial land developer and operator, plans to further develop its refuse-fired power plant in Chon Buri by increasing its generation capacity more than fourfold to 40 megawatts, making it a model clean energy project in Asean. …

SCG Packaging Plc (SCGP) is still confident it can manage to earn 100 billion baht this year from domestic and overseas businesses as well as merger and acquisition deals despite growing worries over the prolonged Covid-19 outbreak. Source: Business

Thailand Post says its postal services could be delayed in some areas due to the pandemic as some of its staff are infected with Covid-19, forcing post offices to shut temporarily. Source: Business

The Thailand Board of Investment (BOI) Investment Ecosystem Division and Regional Investment and Economic Center 1 – 7, in collaboration with BOI Seoul Office, cordially invites you to join a webinar on “THAI-KOREA BIZ NETWORKING: EVs & Charging Stations for Public Transport in Smart Cities”. Source: Business