logo
Thailand Reassures Investors Before Trading Resumes After Quake

Thailand Reassures Investors Before Trading Resumes After Quake

Bloomberg31-03-2025

By and Suttinee Yuvejwattana
Save
Thai authorities sought to calm investor nerves as the stock exchange prepared to resume trading after a massive earthquake on Friday caused widespread damage to buildings and killed about 18 people.
The overall fundamentals of companies listed on the Thai stock exchange remain strong, Asadej Kongsiri, president of the Stock Exchange of Thailand, told a briefing held along with representatives of the Bank of Thailand and the Securities and Exchange Commission among others.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oracle names two new presidents in possible succession play
Oracle names two new presidents in possible succession play

Business Insider

timea day ago

  • Business Insider

Oracle names two new presidents in possible succession play

Oracle revealed two new presidents in company filings on Friday. The move could have broader succession implications for the cloud giant. The company lists cloud boss Clay Magouyrk and head of industries Michael Sicilia each as "president," two Securities and Exchange Commission filings show. The forms don't explicitly mention a promotion, but the executives haven't been previously listed as "presidents," according to a person familiar with the matter. The executives are considered part of a succession plan for the company co-founded by billionaire and former CEO Larry Ellison, the person familiar with the matter said. Ellison now serves as chief technology officer and executive chairman. "Ellison isn't going anywhere at this time," another person familiar said. The new titles for Magouyrk and Sicilia mimic a similar pattern that played out years ago before Ellison stepped down as chief executive. Oracle has used the two-president structure three times throughout its history. The first time, it named now- Oracle CEO Safra Catz a president along with a previous executive, Charles Phillips Jr. Oracle replaced Phillips with the late Mark Hurd after Hurd left HP. They each had the title until both were promoted to co-CEOs in 2014 when Ellison stepped back. Hurd died in 2019, and while Ellison considered possible successors, he opted for Catz to remain the company's sole CEO. Magouyrk is a former Amazon software development engineer who joined Oracle as an individual contributor in 2014. He quickly impressed Ellison and Catz with his ability to deliver results quickly, leading to his rapid ascent through the ranks to preside over Oracle Cloud Infrastructure. His leadership style has at times been controversial. Sicilia is the executive vice president of Oracle Industries. He's the executive who has been leading Oracle's takeover of Cerner. The executives will help lead Oracle as it gains traction in the cloud-computing market. Oracle shares hit a record high this week after beating analyst estimates and raising its revenue forecast. Piper Sandler analysts wrote in a note after the earnings release that the company "has entered an entirely new wave of enterprise popularity that it has not seen since the Internet era in the late '90s."

Oracle appears to have named two new presidents
Oracle appears to have named two new presidents

Business Insider

timea day ago

  • Business Insider

Oracle appears to have named two new presidents

The company filed two filings with the Securities and Exchange Commission listing cloud boss Clay Magouyrk and head of industries Michael Sicilia as "president." The forms don't explicitly mention a promotion, but the executives haven't been previously listed as "presidents," according to a person familiar with the matter. The executives, according to that person, are considered part of a succession plan for Larry Ellison. Ellison is Oracle's cofounder and former CEO who now serves as chief technology officer and executive chairman. Oracle CEO Safra Catz was previously a co-president along with the late Mark Hurd. They shared the title until both were promoted to co-CEOs in 2014 when Ellison stepped back. Hurd died in 2019, and while Ellison considered possible successors, he opted for Catz to remain the company's sole CEO. Magouyrk is a former Amazon software development engineer who joined Oracle as an individual contributor in 2014. He quickly impressed Ellison and Catz with his ability to deliver results quickly, leading to his rapid ascent through the ranks to preside over Oracle Cloud Infrastructure. His leadership style has at times been controversial. Sicilia is the executive vice president of Oracle Industries. He's the executive who has been leading Oracle's takeover of Cerner. The executives will help lead Oracle as it gains traction in the cloud-computing market. Oracle shares hit a record high this week after beating analyst estimates and raising its revenue forecast. Piper Sandler analysts wrote in a note after the earnings release that the company "has entered an entirely new wave of enterprise popularity that it has not seen since the Internet era in the late '90s."

Oracle appears to have named two new presidents
Oracle appears to have named two new presidents

Business Insider

time2 days ago

  • Business Insider

Oracle appears to have named two new presidents

Oracle appears to have appointed two new presidents. The company filed two filings with the Securities and Exchange Commission listing cloud boss Clay Magouyrk and head of industries Michael Sicilia as "president." The forms don't explicitly mention a promotion, but the executives haven't been previously listed as "presidents," according to a person familiar with the matter. The executives, according to that person, are considered part of a succession plan for Larry Ellison. Ellison is Oracle's cofounder and former CEO who now serves as chief technology officer and executive chairman. Oracle CEO Safra Catz was previously a co-president along with the late Mark Hurd. They shared the title until both were promoted to co-CEOs in 2014 when Ellison stepped back. Hurd died in 2019, and while Ellison considered possible successors, he opted for Catz to remain the company's sole CEO. Magouyrk is a former Amazon software development engineer who joined Oracle as an individual contributor in 2014. He quickly impressed Ellison and Catz with his ability to deliver results quickly, leading to his rapid ascent through the ranks to preside over Oracle Cloud Infrastructure. His leadership style has at times been controversial. leading Oracle's takeover of Cerner. The executives will help lead Oracle as it gains traction in the cloud-computing market. Oracle shares hit a record high this week after beating analyst estimates and raising its revenue forecast. Piper Sandler analysts wrote in a note after the earnings release that the company "has entered an entirely new wave of enterprise popularity that it has not seen since the Internet era in the late '90s."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store