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Wall Street dives into the red while oil prices continue to slide

Wall Street crumbled Monday as fears for demand in the tech sector turned into a broader retreat from stocks while oil prices slid to an 11th straight day of losses despite a Saudi offer to limit output.

To pay or not to pay: Deduction of wages under the Labour Protection Act

When an employee causes damage to a company, Thai employers often resort to deducting wages, holiday pay, or overtime payments as a penalty or restitution. Before doing so, the employer should know when it is permissible to do so under Thai law, and the risks they are taking by making improper deductions.

Asian markets tumble as tech, energy firms take a battering

Technology firms led a plunge in Asian markets on Tuesday, tracking a deep sell-off in New York where Apple tumbled on worries about demand for its iPhones, while energy firms were also in free-fall with oil prices.

Sontirat eyes oil palm price slump fixes

The Commerce Ministry will propose several measures aimed at tackling the domestic oil palm price slump to the cabinet on Tuesday, according to minister Sontirat Sontijirawong.

Gold prices fell B50 to B18,900.

Gold prices dropped 50 baht to 18,900.00 baht per baht-weight in Bangkok on Tuesday.

SoftBank unveils massive $21 bn IPO of Japan mobile unit

Telecoms giant SoftBank will list shares in its Japanese mobile unit next month in a sale that could raise over $21 billion and be one of the biggest tech IPOs in years.

Launch of Beijing-Phnom Penh flight delayed

Air China, the country’s national flag carrier, has announced that the launch of a direct flight between Phnom Penh and Beijing will be delayed to early next year, after having previously scheduled it for November.

BTS, CP consortia enter bid for airport train project

Two consortia submitted bids for a high-speed railway project linking Don Mueang, Suvarnabhumi and U-Tapao airports on the first day of bidding, with more expected to come on board later.

Oil shock: Saudi minister wants supply cut of 1m bpd

ABU DHABI: Saudi Arabia’s energy minister called Monday for a global output cut of one million barrels per day to re-balance the market, as Riyadh unveiled plans to cut production by 500,000 bpd from December.

Asian markets start week on cautious note

Asian markets were largely flat on Monday morning following weak US trading at the end of last week and as nervousness over Chinese growth put pressure on global equities.

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