Morning business news round-up for May 19, 2014

Bangkok's skyline and the Chao Phraya river pass through the Thai capital. Weak exports and faltering domestic demand hurt by months of political unrest in Bangkok has harmed the economy. -- FILE PHOTO: AFP
Bangkok's skyline and the Chao Phraya river pass through the Thai capital. Weak exports and faltering domestic demand hurt by months of political unrest in Bangkok has harmed the economy. -- FILE PHOTO: AFP

SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. KKR in advanced talks to buy Singapore's Goodpack: sources. The US private equity firm is working with at least two investment banks on a debt package to buy Goodpack, people familiar with the matter said.

2. First batch of students graduates from precision engineering programme. The 51 graduates of the Precision Engineering Master Craftsman programme, a two-year part-time course that focuses on skills upgrading, come from 40 companies in the precision engineering industry.

3. Thai Q1 GDP shrinks worse-than-expected 2.1 per cent from the previous quarter. Thailand's planning agency also cut its forecast for economic growth this year to 1.5-2.5 per cent from 3.0-4.0 per cent seen in February, due to weak exports and faltering domestic demand hurt by months of political unrest in Bangkok.