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  • Coronavirus (Covid-19)

    Pfizer sees 45% increase in net income and revenue, as critics point to disparity in global vaccine availability

    After seeing a 45% increase in net income from last year, Pfizer, the pharmaceutical giant, is largely increasing its projected profits for this year. And, the increase is undoubtedly due to the high amount of Covid-19 vaccine sales, in which the company says is shaping up to provide a “durable” revenue stream. The company says this year’s first quarter profits…

  • Politics

    Former PM Thaksin sentenced to 5 years

    Thailand’s Supreme Court has sentenced former PM Thaksin Shinawatra to 5 years in prison after finding him guilty of illegally owning shares in phone companies with government concessions, as well as conflict of interest, for changing concession fees and excise taxes to benefit his family’s company, Shin Corp. The court heard that Thaksin held a majority of shares, through proxies,…

  • World

    Tesla becomes the world’s most valuable car maker

    Tesla has become the world’s most valuable carmaker, surpassing Japan’s Toyota after its stock rose to a record high. Shares in Tesla hit US$1,134 on Wednesday before dropping before the close, leaving it with a market cap of $209.47 billion (£ 165 billion), around $4 billion higher than Toyota’s existing market value. Shares in the electric car maker have risen…

  • Transport

    Thai Airways has officially lost its state enterprise status

    The State Enterprise Policy Committee announced that Thai Airways has lost its state enterprise status after the Vayupak Fund bought a 3.17% stake from the Finance Ministry yesterday. The purchase was undertaken at a price of 4.90 baht per share, with a trade worth 285.2 million baht, leaving the national carrier owning 48% of its own shares and stripping its…

  • Coronavirus (Covid-19)

    Thai tourism and shares start to catch the Coronavirus Effect

    The Stock Exchange of Thailand’s key index fell last month almost 100 points, after earlier reaching its highest point of 1,604.28 and then falling 96.92 points, or 6%. Industrial stocks have fallen nearly 10% due to a slide in petrochemical stocks, followed by commercial bank stocks which fell 8.7%. Technology and construction stocks lost 4% during January. But some stocks…