logo
Bangkok officials end search operation at the skyscraper that collapsed following an earthquake

Bangkok officials end search operation at the skyscraper that collapsed following an earthquake

Yahoo13-05-2025
BANGKOK (AP) — Thai authorities on Tuesday officially ended the search operation at the building under construction in the capital, Bangkok, that collapsed following an earthquake that killed dozens over a month ago.
The 7.7 magnitude quake on March 28 centered in Myanmar, more than 800 miles (1,200 kilometers) away, killed at least 96 people in Bangkok, mostly at the collapsed site. More than 3,000 were killed in Myanmar.
Eighty-nine bodies have been retrieved from the rubble while seven people remain unaccounted for at the site, officials said. They said they would continue to test hundreds of pieces of human remains to identify those still missing.
The collapse sparked questions about the enforcement of construction safety and corruption. The high-rise building, meant to be the new office of the State Audit Office, was the only building that suffered a total collapse that day.
The police on Tuesday said they are still investigating and will continue to collect evidence from the collapse site until the end of this month.
Authorities are probing several companies and individuals for any wrongdoing in relation to the collapse, including the state-run Chinese contractor, China Railway No. 10 Engineering Group. The investigation has led to the arrest of its Chinese executive in Thailand, identified as Zhang, and three Thai shareholders on suspicion of operating the business through the use of nominees.
Foreigners can operate a business in Thailand, but it must be a joint venture with a Thai partner, and they cannot own more than 49% to protect local competitiveness.
Another Thai-Chinese company, Xin Ke Yuan Steel, also came under scrutiny over the quality of the steel rods provided for the building. Industry Minister Akanat Promphan said two types of steel rods found at the collapse site did not pass safety standards and that Xin Ke Yuan supplied both. The company has denied any wrongdoing.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stocks making the biggest moves premarket: Deere, Tapestry, Coherent, Bullish and more
Stocks making the biggest moves premarket: Deere, Tapestry, Coherent, Bullish and more

CNBC

time25 minutes ago

  • CNBC

Stocks making the biggest moves premarket: Deere, Tapestry, Coherent, Bullish and more

Check out the companies making headlines in premarket trading. Li Auto — Shares fell about 2% following JPMorgan's downgrade of the Chinese electric vehicle company to neutral. Analyst Nick Lai cited stiff competition as a reason for caution. Tapestry — The Coach New York and Kate Spade parent sank more than 10% after its full-year outlook missed analyst estimates. Tapestry forecast full-year earnings of $5.30 to $5.45 per share, while analysts polled by FactSet were looking for $5.49. Deere — The farm equipment maker dropped about 6% after Deere trimmed the top end of its full-year outlook. The Moline, Illinois-based manufacturer forecast net income of $4.75 billion to $5.25 billion, versus a previous forecast of $4.75 billion to $5.50 billion. Ibotta — The tech company plummeted more than 34% after second-quarter results missed analyst estimates. Ibotta earned 8 cents per share, below the 19 cents per share that analysts surveyed by LSEG estimated. Ibotta reported revenue of $86 million, below analysts' forecast of $90.5 million. Coherent — The semiconductor maker fell more than 19% after saying it would sell its aerospace and defense business to Advent for $400 million. As a result, the company said its forward outlook does not include roughly $20 million in revenue from its aerospace and defense business, as it expects the sale to close in the current quarter. Coherent also reported better-than-expected fiscal fourth-quarter earnings and revenue. Bullish — Shares surged 14% in extended trading. The stock soared more than 83% on Wednesday, its first day as a public company . Kratos Defense and Security Solutions — Shares gained about 3% after BTIG upgraded the defense stock to buy on Thursday. Analyst Andre Madrid said the company could be a key beneficiary of wider defense budgets. DLocal — The financial technology stock surged more than 23% on the heels of better-than-expected second-quarter earnings and revenue. HSBC upgraded DLocal to buy, with analyst Neha Agarwala noting better cost controls and new products that could drive revenue. — CNBC's Alex Harring contributed reporting.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store