Thailand’s tourism slump and household debt weigh on its lenders
Thailand’s banks are grappling with weak lending amid high household debt, slowing tourism and sluggish consumer spending that risk dampening their outlook for the rest of the year.
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Cabinet approves Vitai as next Bank of Thailand chief
Thailand’s cabinet on Tuesday gave its approval for Vitai Ratanakorn to be the next governor of the Bank of Thailand, a government official said.
Landslide, heavy rain in Pakistan sweeps away cars, killing 3
Storm Wipha brings rain to Northeast, more to come
Northeastern provinces bordering Laos are feeling the impact of Tropical Storm Wipha as it moves onto Vietnam and inches closer to Thailand.
CRG prudent on opening new restaurants
Central Restaurants Group (CRG) is taking a more cautious approach when it comes to its expansion plans due to the current sluggish economy and weak spending power.
Foldable phones struggle to make an impact
The foldable smartphone market in Thailand faces significant hurdles when it comes to mainstream adoption, primarily due to the high prices of the models in the market, a lack of optimised content for foldable displays, and limited consumer demand.
Eateries hit by plunging sales, rising costs
The Thai restaurant industry is facing significant headwinds in the current economic climate, with many businesses reporting a substantial drop in revenue amid increasing operational costs.
Indonesia’s Sumatra sees 14-fold spike in fire hotspots over 1.5 weeks, as Malaysia warns of haze
Sumatra reported 1,292 hotspots on Monday (Jul 21), a jump from 94 on Jul 12, causing haze to hit several western states on Peninsular Malaysia.
At least 19 killed, scores injured as Bangladesh Air Force jet crashes into college campus
Wage strike by Malaysian bus drivers plying Johor-Singapore Causeway left thousands of commuters stranded
A driver who works for Handal Indah – which operates the Causeway Link bus service between Singapore and Malaysia – told CNA that the drivers from his firm had protested over a pay dispute.