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BUSINESS

AEC gets juristic person funding, avoids capital rule snag

Business, Pathom Sangwongwanich, Published on 05/06/2020

» SET-listed AEC Securities has resolved its net capital rule problem by obtaining funding from a juristic person and has opted for a capital increase by allotting new ordinary shares to reduce future investment risk.

BUSINESS

Sentiment shows signs of recovery

Business, Phusadee Arunmas, Published on 05/06/2020

» Consumer sentiment picked up for the first time in 15 months in May, boosted by lockdown easing, government relief efforts and an economic stimulus programme.

BUSINESS

BoT sounds out forex dealers on gold quotation in US dollars

Business, Somruedi Banchongduang, Published on 05/06/2020

» The Bank of Thailand has sought the opinion of foreign exchange dealers on whether to shift gold price quotation to US dollars for exports, imports and related activities, and whether to scale back issuance or temporarily scrap sales of short-dated bonds in a bid to curb the baht's rapid gains.

BUSINESS

BCPG cuts capital spending for 2020

Business, Yuthana Praiwan, Published on 05/06/2020

» SET-listed BCPG, a renewable power generation arm under Bangchak Corporation, has cut capital expenditures for this year to between 8-15 billion baht, says president and chief executive Bundit Sapianchai.

BUSINESS

May prices down 3.4%, led by oil slump

Business, Phusadee Arunmas, Published on 05/06/2020

» The consumer price index, a gauge of headline inflation, fell 3.44% year-on-year in May, the biggest decline in nearly 11 years, led by lower prices for energy and fresh produce and the government's efforts to reduce living costs.

BUSINESS

SGP reports sales rebound to normal

Business, Yuthana Praiwan, Published on 05/06/2020

» SET-listed Siam Gas and Petrochemical (SGP), Thailand's second largest liquefied petroleum gas (LPG) producer by sales volume, is confident it can still reach its target sales growth of 5-6% despite the drop in demand resulting from the pandemic.

BUSINESS

Bangkok hotels face long road back

Business, Published on 05/06/2020

» The hotel market in Bangkok was already cooling down late last year, even before the Covid-19 pandemic left thousands of rooms empty, according to statistics compiled by the property services firm Edmund Tie & Company (Thailand).

BUSINESS

Mice migrate to virtual world

Business, Natchaya Promsuwan, Published on 05/06/2020

» Covid-19 has forced the global meeting, incentive, convention and exhibitions (Mice) industry to consider some new approaches. Major events around the world have either been cancelled or postponed to the end of the year and beyond, or until there are much clearer signs of recovery.

BUSINESS

TAT readies local tourism stimulus

Business, Wichit Chantanusornsiri, Published on 05/06/2020

» Domestic tourism stimulus measures, including proposals for gift vouchers and cash handouts, are expected to be concluded next week, says Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn.

BUSINESS

TCEB urges loosening of restrictions on big gatherings

Business, Dusida Worrachaddejchai, Published on 05/06/2020

» The Thailand Convention and Exhibition Bureau (TCEB) is asking the Centre for Covid-19 Situation Administration (CCSA) to ease restrictions on meetings and exhibitions to reignite the economy, as the bureau plans to hold job fairs across the nation to reduce unemployment.