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STOCKHOLM/OSLO: Telenor raised its full-year revenue outlook on Tuesday, despite the Norwegian telecoms operator posting a weaker-than-expected quarterly earnings on the negative impact of currency effects.
OSLO: Norwegian telecoms firm Telenor, which has operations in Malaysia, has sold its Myanmar business, blaming the difficulties of operating under the military junta and dealing a blow to activists who say they relied on the only Western operator for communications.
KUALA LUMPUR: Following the military coup in Myanmar, OCK Group Bhd could see earnings growth headwinds as network shutdowns could present some execution risks to the group’s towerco business in Myanmar, says RHB Research.
ANTI-GOVERNMENT marchers have been gathering across Thailand in defiance of a state of emergency, and their list of demands now stretches to include reining in the powerful monarchy. Prime Minister Prayuth Chan-Ocha has indicated he wants to talk. He could do with listening, too.
BENGALURU: South Korean, Indian and Thai shares led declines in Asia on Wednesday, as a halt in more COVID-19 vaccine trials and concerns over China's property sector added to potential headwinds for the region's emerging markets.
BENGALURU: The Thai baht firmed to a three-week high yesterday, gaining along with most Asian currencies against a subdued dollar, while drawing relief from an anti-government protest passing off peacefully at the weekend.
ON SEPT 16, Malaysia celebrates her 57th national day, having celebrated on Aug 31 the 63rd anniversary of independence from Britain in 1957. What does Independence mean for former colonies?
BANGKOK: A banned Thai opposition party on Sunday accused the former military junta of helping cover up Malaysia's multi-billion-dollar 1MDB scandal, urging Thais to demand the truth ahead of a censure debate against Prime Minister Prayuth Chan-ocha.
OUTSIDE China, Thailand has the largest number of patients infected by the novel coronavirus. Unfortunately, the export-reliant US$500bil economy, South-East Asia’s second-largest, was sickly even before the outbreak of the pneumonia-like illness. That reflects simultaneous blows from the Sino-US trade war, the worst drought in decades and a stubbornly strong currency. Add in Beijing’s newly imposed restrictions on Chinese travellers, who account for the lion’s share of arrivals, plus the knock-on effect on other tourists, and a recession begins to look imminent.