Business

The oil majors TotalEnergies and Chevron Corp, partners in a major gas project in Myanmar, have decided to withdraw from the country, they said on Friday, citing the worsening humanitarian situation following last year’s coup. Source: Business

Thailand’s exports rose more than expected in December from a year earlier, with full-2021 growth coming at 17.1%, the highest in 11 years, helped by stronger global demand and a weak baht, Commerce Minister Jurin Laksanawisit said on Friday. Source: Business

SINGAPORE: South Korean tech giant Samsung has pulled an online advert in Singapore that featured a hijab-wearing Muslim woman hugging her drag queen son after it sparked a backlash from socially conservative corners. Source: Business

PARIS: French energy group TotalEnergies has decided to withdraw from Myanmar because of the civil unrest there, it said on Friday, becoming the latest western company to pull out of the country since last year’s coup. Source: Business

TOKYO: Japan’s biggest steelmaker Nippon Steel Corp will buy two electric arc furnace steelmakers in Thailand in a deal worth up to $763 million, it said on Friday, as it seeks to cut its reliance on blast furnaces that use coking coal and emit carbon dioxide. Source: Business

BANGKOK: Lebanon’s M1 Group will partner with a Myanmar firm to take over Norwegian telco Telenor’s business in the Southeast Asian country after its military junta sought a local buyer, three sources familiar with the matter told Reuters. Source: Business

Surging gasoline prices are posing a tricky new problem for governments as they seek to nurse virus-hit economies back to health. Source: Business

SAN FRANCISCO: Netflix on Thursday reported cooling subscriber growth as fierce competition and the pandemic weigh heavy despite hits like “Squid Game” and “Money Heist.” Source: Business

The condominium market in the Cha-am, Hua Hin and Khao Tao area remained slow in terms of both supply and demand in the second half of 2021, according to Sunchai Kooakachai, director and head of research and advisory at Knight Frank Thailand. Source: Business

The private sector has proposed the government establish a specific agency to take charge of reforming outdated laws and regulations, especially those relating to the ease of doing business, to enhance the country’s competitiveness and rehabilitate the economy. Source: Business