ASEAN

SET up 7.84 to 1,497.95 at noon

- + The Stock Exchange of Thailand main index advanced 0.53%, or 7.84 points, to 1,497.95 at midday on Friday. Total trading value was 16.32 billion baht, with 4.73 billion shares changed hands. SET50 index climbed 0.57% or 5.33 points, to 933.36 in trade worth 7.93 billion baht. MAI jumped 1.61%, or 9.41 points, to 594.33 in transactions worth 1.1 billion baht. Top 5 most active stocks Close Change Baht % AOT 384.00 +8.00 +2.13 MTLS 24.40 +1.00 +4.27 MINT 36.25 +1.75 +5.07 BANPU 18.90 +0.20 +1.07 MEGA 25.00 +1.30 +5.49

Australia banks admit to Malaysian ringgit cartel

- + SYDNEY - Australian banks ANZ and Macquarie on Friday agreed to pay Aus$15 million (US$11 million) in fines for trying to manipulate the benchmark rate of the Malaysian ringgit. ANZ has admitted to 10 instances of attempted cartel conduct and Macquarie to eight relating to setting the daily rates for derivative instruments linked to Malaysia's currency in 2011 ANZ admitted to 10 instances of attempted cartel conduct and Macquarie to eight relating to setting the daily rates for derivative instruments linked to Malaysia's currency in 2011. The Australian Competition and Consumer Commission (ACCC) said both banks had cooperated with their investigation, with ANZ agreeing to a Aus$9 million penalty and Macquarie Aus$6 million. The case involved Singapore-based traders communicat...

Japan suffers longest consumer price fall since 2011

- + TOKYO - Japan's consumer prices fell in October, government data showed Friday, extending the longest string of declines in five years and underscoring its struggles to conquer deflation. Japan has been struggling to reverse a deflationary spiral of falling prices and lacklustre growth but October's data mark eight straight months of declines -- the longest streak since 2011 The weak inflation data -- core prices excluding fresh food fell 0.4 percent from a year ago -- come several weeks after Japan's central bank pushed back the timeline for hitting its 2.0 percent inflation target. The BoJ's target is a key part of Prime Minister Shinzo Abe's faltering bid to pump up the world's number three economy. The country has been struggling to reverse a deflation...

SET opens up 5.25 to 1,495.36

- + Thai stocks opened up 0.35% at the start of trade this morning. The Stock Exchange of Thailand main index opened at 1,495.36 points, up 5.25 points from Thursday’s close. The trade value was 1.02 billion baht, with 609.58 million shares traded. The SET50 index opened at 931.89 points, up 3.86 points, or 0.42% with a total trade value of 439.38 million baht. The MAI index stood at 587.23 points, up 2.31 points or 0.39%, with total transaction value of 150.81 million baht. Top 5 most active stocks by value Price Change Baht % ADVANC 144.00 0.50 0.35 TFG 7.05 0.05 0.71 EKH 7.30 0.20 2.82 TRUE 7.25 0.10 1.40 MAX 0.12 - -

Gold prices down B200 to B19,900

- + The Gold Traders Association this morning announced the buying prices at 19,450.28 baht per baht-weight for gold ornaments and 19,800 baht per baht-weight for gold bar. The selling prices were set at 20,400 baht per baht-weight for gold ornaments, and 19,900 baht per baht-weight for gold bar. The prices fell 200 baht from yesterday’s close. The buying prices yesterday closed at 19,647.36 baht per baht-weight for gold ornaments, and 20,000 baht per baht-weight for gold bar. The selling prices closed at 20,600 baht per baht-weight for gold ornaments and 20,100 baht per baht-weight for gold bar.

Sepo urges SRT land development

An aerial view of the SRT-held Makkasan plot. KRIT PROMSAKA NA SAKOLNAKORN - + The State Enterprise Policy Office (Sepo) says land development of 39,000 rai held by the debt-ridden State Railway of Thailand (SRT) could offer a quick solution. Director-general Ekniti Nitithanprapas said SRT, one of the biggest landlords in the country, has holdings that are ideal for commercial development. Some 23,000 of the 39,000 rai consists of unused land, and there are five big plots among them with a combined space of 1,500-1,700 rai in Bangkok that have great potential, Mr Ekniti said. He specified two plots at Bang Sue subway station, land near a subway station in Yannawa district near the Chao Phraya River, the Makkasan station in downtown Bangkok and vacant land near Chatuchak market. The rest of...

Acer drops phones for notebook focus

Acer will shift its focus to notebooks after a rough time in Thailand's mid-range smartphone market. - + Acer Computer Thailand, the local operating unit of the Taiwanese computer maker, is pulling the plug on its mid-range smartphones locally after struggling to survive in cut-throat competition for three years. The new plan is to place more focus on computers, particularly in the high-growth thin-and-light notebook segment. "Starting from now, we will stop selling mid-range smartphones in the Thai market, and only remain in the entry-level smartphones segment, priced below 4,000 baht per unit," said Nitipat Praweenwongwuthi, senior marketing director of Acer Computer Thailand. Mr Nitipat said the fierce competition will leave only a few dominant players in Thailand's ...

Nobel winner Aung San Suu Kyi under fire as Myanmar’s Rohingya crisis escalates

A year after becoming Myanmar's de-facto leader, Nobel Peace Prize recipient Aung San Suu Kyi is coming under a barrage of international criticism for her failure to end alleged military crimes in the country's northwest. About 1.1 million people in the state of Rakhine identify themselves as Rohingya Muslims, an ethnic minority that has long suffered persecution in the Buddhist-majority nation. The group's origins in Myanmar can be traced back to the fifteenth century, according to the Council of Foreign Relations, but Rohingyas have yet to be granted citizenship and remain unable to vote. International observers have documented the systematic disenfranchisement and discrimination Rohingyas have faced, including government restrictions on marriage, family planning, employme...

Yum China eyes buyout of Chinese delivery firm Daojia in $200 million deal

&times &times &times Photo: Pizza Hut Yum China Holdings is in talks to buy food delivery services firm Daojia.com for up to $200 million, two people familiar with the matter told Reuters, as the biggest operator of fast food on the mainland seeks to boost sales from customers dining at home. Yum China has long-term ambitions to triple its outlets in China to more than 20,000, but as dining habits change in the world's fastest growing major economy, food delivery is also becoming a crucial area for restaurant operators to improve sales. The sources warned that discussions are at an early stage and a deal isn't imminent. Yum is keen to make investments in the sector, but it is still debating internally whether to acquire a business or buy smaller stakes in a series of ...

AirAsia IPO plan will increase investor base, consolidate services: Fernandes

&times &times &times AirAsia chief dismisses concern of brand dilution following IPO plans 5 Hours Ago | 01:55 ‹ 01:55 AirAsia chief dismisses concern of brand dilution following IPO plans 5 Hours Ago 01:36 AirAsia chief outlines the carrier's IPO plans 5 Hours Ago 01:55 Is AirAsia's proposed IPO a good idea? 6 Hours Ago › Asia's biggest low-cost airline AirAsia Bhd plans an initial public offering of a holding company that will tally all of its ASEAN operations and entities under a Hong Kong listing for the Malaysia-based carrier, reflecting an expanded regional footprint to entice investors. "It's (about) creating a single economic vehicle that allows analysts and investors to see the group as whole," CEO Tony Fernandes told CNBC's "Squ...

Toyota makes breakthrough

- + TOKYO: Toyota Motor Corp has developed a new way of observing the movements of tiny particles in batteries used to power electric vehicles -- an advance it says will help boost their cruise range by 10 to 15%. Toyota engineer Hisao Yamashige explained to reporters yesterday at the Japanese automaker's Tokyo office the complex method for tracking the lithium ions, which are tiny particles in lithium-ion batteries, also used in laptops and smartphones. The ions' movements, which are extremely hard to detect, are critical in determining the efficiency and power of a battery. Increasing cruise range is the biggest obstacle for electric vehicles, especially because charging stations aren't as common as gas stations. Toyota is more bullish about fuel-cell vehicles, which are e...

Spring News to broadcast CNN content

- + Spring News Corporation has teamed up with Turner Broadcasting System Asia-Pacific, the distributor of CNN International, to strengthen international news content and expand the audience base. Spring News channel will officially broadcast CNN International content with Thai subtitles, beginning Jan 1. The affiliate partnership with CNN will last five years. Spring News Corp chairman Thanachai Theerapattanavong said CNN will help Spring News channel train its staff. Having content from CNN International will enhance the Thai digital TV channel's ratings and cement its leadership in the news channel category. After partnering with CNN, Spring News channel will be able to clearly differentiate itself from other digital TV channels with insights and outstanding news content. "CNN...

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