Advanced Info Service Pcl, Thailand’s biggest mobile phone operator, plans to expand its network by acquiring Triple T Broadband Pcl and an infrastructure fund for a total of 32.4 billion baht ($908 million).
Shares of Japanese utilities extended a rally on the back of hot summer weather that is driving demand for cooling and pushing spot electricity prices higher.
As bad as the world’s energy crisis has been this year, it would been much worse without a wetter-than-usual start to China’s rainy season.
Evidence is building that the worst of the yen’s rout may be over amid concerns about a global recession and lingering speculation over a Bank of Japan policy shift.
The Bank of Japan is likely to keep its current monetary easing program “for many quarters to come” to ensure an economic recovery and pursue a still remote target of sustainable 2% inflation, according to a former BOJ official.
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