Thailand

Asian shares mixed as China reports economy slowed in 2Q

BANGKOK (AP) — Shares were mixed Monday in Asia, led by gains in Chinese markets after the government reported that the economy grew at the slowest pace in a decade in the last quarter.

Analysts said the 6.2% annual rate of growth reported for April-June suggests the trade war between the U.S. and China is hammering industries.

ASEAN leaders call for restraint amid sea row, US-China rift

BANGKOK (AP) — Southeast Asian leaders have pressed their call for self-restraint in the disputed South China Sea after a new incident and renewed their alarm over the U.S.-China trade war with one warning it may spiral out of control.

The long-raging territorial conflicts and the protracted dispute between the two global economic powerhouses are high on the agenda of the Association of Southeast Asian Nations leaders meeting Sunday in an annual summit in the Thai capital of Bangkok.

Southeast Asian leaders throw weight behind China-led trade pact

22 June 2019; AFP: Southeast Asian leaders gathered in Bangkok on Saturday determined to drive forward the world's largest commercial pact, with the trade war between the US and China clouding the outlook for their export-led economies.

Disputes in the flashpoint South China Sea, Myanmar's persecution of Rohingya Muslims and plastic pollution in the seas are also set to be discussed at the two-day Association of Southeast Asian Nations (ASEAN) summit, chaired by Thailand.

Asian shares gain, Shanghai up 2.6%, on Fed rate cut talk

BANGKOK (AP) — Asian shares were higher on Thursday, with the Shanghai benchmark up 2.6%, after the Federal Reserve reaffirmed that it’s prepared to cut interest rates if needed to shield the U.S. economy from trade conflicts or other threats.

The Thursday tracked modest gains on Wall Street. The 10-year Treasury note slid to 1.98%, its lowest level since November 2016, as investors bet on at least one interest rate cut this year, possibly as early as July.

Former Thai singer arrested for drug smuggling in Bangkok

BANGKOK, June 18 (Xinhua) -- Former Thai singer Prissana Praisaeng, or Pooky, was arrested in Bangkok for allegedly trafficking more than five kg of ketamine, police said on Tuesday.

Pooky, 40, was arrested in her rented house together with her husband, 49, on Monday.

In the raid, police found 98.3 grams of crystal meth, eight speed pills, 10 ecstasy pills, four grams of ketamine and 40 grams of marijuana, along with chemicals and equipment believed to be used to produce narcotics.

Thai lawmakers elect junta chief Prayut Chan-O-Cha as PM

Thailand's junta chief Prayut Chan-O-Cha was elected late Wednesday as the kingdom's first civilian prime minister since the 2014 coup he led, in a vote by a parliament stacked with appointed allies of the conservative, arch-royalist army.

Prayut swept aside his sole challenger, the charismatic 40-year-old billionaire Thanathorn Juangroongruangkit who led the anti-military bloc, garnering 500 votes to his rival's 244.

Thai coup leader uses ballot box to stay as prime minister

BANGKOK (AP) — When Prayuth Chan-ocha led a military coup to take over Thailand’s government five years ago, he wore a dowdy officer’s uniform. A five-year makeover transformed him into a politician, now styled in a well-tailored Western suit or an elegant silk “suea phraratchathan,” a Thai spin on the Nehru jacket.

The now-retired general, who has run Thailand with absolute power since the 2014 coup, completed his transition to a civilian leader Wednesday when Parliament chose him as prime minister of the new government.

Asian shares skid after technology sell-off hits Nasdaq

BANGKOK (AP) — Shares were mostly lower in Asia on Tuesday after a tumultuous session for tech shares on Wall Street.

Japan’s Nikkei 225 index shed 0.1% to 20,384.43, while Hong Kong’s Hang Seng dropped 0.3% to 26,804.81. The Shanghai Composite index slipped 0.8% to 2,865.87 and the Kospi in South Korea declined 0.1% to 2,066.20.

Australia’s S&P ASX 200 was flat as the central bank announced it was cutting its benchmark interest rate to a record low 1.25% from 1.5%. It was the first rate cut in nearly three years.

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