Southeast Asian budget airlines may raise a combined $750 million from initial public offerings this year, Malayan Banking Bhd.’s investment bank said, as no-frills companies take on full-service carriers with cheap fares.
Bangkok authorities widened an evacuation order in the city’s northern districts and moved to protect two industrial parks near the main international airport as floodwaters encircled the Thai capital.
Thai Prime Minister Yingluck Shinawatra said floodwaters north of Bangkok are receding and the capital’s defenses are holding, leaving only a “slim” chance that a four-month-old flood crisis will worsen.
Thailand detained a Swedish-Lebanese man who aimed to strike tourist sites in Bangkok and said it was “disappointed” the U.S. warned its citizens of a possible attack without first advising the Foreign Ministry.
Thai Prime Minister Yingluck Shinawatra urged food producers not to raise prices as Bangkok residents started hoarding rice, instant noodles and bottled water amid conflicting government warnings about floods threatening to inundate the capital this week.
Thailand’s worst floods in more than 50 years threaten to overwhelm barriers protecting Bangkok later this week, said Deputy Prime Minister Kittiratt Na-Ranong, who urged residents in the capital to be prepared.
Thailand’s worst floods in more than 50 years have reached levels that threaten to overwhelm barriers protecting Bangkok, said Deputy Prime Minister Kittiratt Na- Ranong, who urged residents in the capital to be prepared.
Thailand moved to protect the capital, Bangkok, and the main international airport from flood waters as Prime Minister Yingluck Shinawatra said 10 provinces are still at “critical risk” after being inundated.
Bangkok is facing a dual threat from a “massive” flow of floodwater from the north and angry residents intent on tearing down defensive walls to save their flooded neighborhoods, Prime Minister Yingluck Shinawatra said.