Corporate

Tuesday, May 26, 2020

Corporate

PTT’s revised investment plan bets on quick global recovery

The SET-listed oil and gas conglomerate PTT Plc is reviewing its 2020 investment plans in response to the Covid-19 outbreak, said Arawadee Photisaro, PTT’s senior executive vice president for corporate strategy.
Excise Dept to meet carmakers over excise cuts

The Excise Department will meet with automakers to discuss their proposal that the department cut car excise by at least 50 per cent to boost sales, director-general Patchara Anuntasilpa said.
THAI gets 4 new directors ahead of bankruptcy restructuring

Debt-ridden Thai Airways International appointed four new directors, effective immediately, at its extraordinary board meeting today (May 25), according to its filing to the Stock Exchange of Thailand. Among them is former THAI president, Piyasvasti Amranand, who replaced Sirikul Laukaikul as a board member.
Grocery stores offer comments on operations during the pandemic

Amid the novel coronavirus pandemic, the country's nearly 40,000 grocery stores have been classified by officials as "essential" businesses that must remain open, putting the stores at the front lines of the crisis.
Hertz files for bankruptcy after rental-car demand vanishes

Hertz Global Holdings, the car-rental company founded with a dozen Ford Model Ts over a century ago, filed for bankruptcy late Friday after sweeping travel restrictions and the global economic collapse destroyed demand for its vehicles.

Kazakhstan the Heart of Eurasia

PTT’s revised investment plan bets on quick global recovery

Excise Dept to meet carmakers over excise cuts

THAI gets 4 new directors ahead of bankruptcy restructuring

Shoppers are spaced apart while waiting their turn to enter the Trader Joe's on 14th Street NW in the District of Columbia on April 10. MUST CREDIT: Washington Post photo by John McDonnell

Grocery stores offer comments on operations during the pandemic

A Hertz rental location at Los Angeles International Airport in Los Angeles on Nov. 7, 2017. MUST CREDIT: Bloomberg photo by Patrick T. Fallon.

Hertz files for bankruptcy after rental-car demand vanishes

CEO and president Wirat Uanarumit

Thai Oil aims to cut costs, improve performance in wake of outbreak

A worker moves electronic goods across the warehouse in the e-commerce distribution center operated by Alibaba Group Holding in Domodedovo, Russia, on Feb. 4, 2019. MUST CREDIT: Bloomberg photo by Andrey Rudakov.

Alibaba sales growth plumbs new lows during China's slowdown

Delta, JetBlue criticized for cutting employee hours after receiving billions in coronavirus relief

Maryland Governor Larry Hogan removes his removes a face mask as he begins a news conference in Annapolis. The state canceled a contract with Blue Flame Medical after it said the company failed to deliver medical masks and ventilators on time. MUST CREDIT: Washington Post photo by Jonathan Newton.

Blue Flame Medical asks Maryland to restore its contract for covid-19 equipment

Cooperatives dept negotiates payment plan for THAI debenture holders

An employee wears a face mask while sat behind a protective screen at a Deutsche Lufthansa passenger check-in desk at Frankfurt Airport in Frankfurt, Germany on May 12, 2020. MUST CREDIT: Bloomberg photo by Alex Kraus.

Lufthansa nears rescue, making Germany its top shareholder

President and chief executive officer Seiichiro Akita

Krungsri cuts lending rates in response to MPC move

Nearly 6,000 THAI staff to be laid off

Local, foreign creditors back govt's move to put THAI under bankruptcy protection

Chartsiri Sophonpanich, president of Bangkok Bank

Bangkok Bank completes acquisition of Indonesia’s Bank Permata

Country’s biggest property project, Forestias, springing up despite virus crisis

Airbus calls in THAI debts for 30 rented jets

The company's chief executive officer, Niphon Bundechanan

WHA Utilities and Power targets major expansion of solar rooftop business

Kongkrapan Intarajang

PTTGC reviews its future investment plans amid Covid-19 outbreak

Experts eyed to write up a rehab plan for THAI

Gulf fights virus by donating 6,000 KN95 masks to Phramongkutklao Hospital

Dillip Rajakarier, group CEO of Minor International

Minor International launches strategy to raise Bt25 billion in capital

Cabinet approves bankruptcy restructuring for Thai Airways

Photo credit: Gigliodi Mare

Some energy firms that were already struggling get a lifeline in paycheck loans. But it's temporary.

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