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BUSINESS

Yuletide slaughter as SET tumbles 2%

Business, Published on 26/12/2018

» The Stock Exchange of Thailand (SET) plunged to this year's lowest closing on Christmas Day as previous heavy losses on Wall Street, a partial US government shutdown and declining oil prices triggered investors' panic selling.

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BUSINESS

Pruksa signals caution in 2019

Business, Kanana Katharangsiporn, Published on 26/12/2018

» With a sluggish housing market forecast for next year, SET-listed developer Pruksa Holding Plc (PSH) aims to beef up investment in new recurring-income business and raise total revenue to 100 billion baht over the next decade.

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BUSINESS

K-Research: Challenging year ahead

Business, Somruedi Banchongduang, Published on 26/12/2018

» Slower lending growth outlook, weaker asset quality as interest rates hike, and heightening competition in the digital banking business are challenges for commercial banks in 2019, says Kasikorn Research Center (K-Research).

BUSINESS

IFEC shareholder voted in to take over company

Business, Nuntawun Polkuamdee, Published on 26/12/2018

» A group affiliated with Thavich Taychanavakul, a shareholder of SET-listed Inter Far East Energy Corporation Plc (IFEC), has taken control over the company's business operations after shareholders voted yesterday to appoint seven new directors.

BUSINESS

BAAC poll finds farmers are happier

Business, Wichit Chantanusornsiri, Published on 26/12/2018

» Farmer happiness late this year rose 2.37% year-on-year to 82.6%, a level considered very happy, with those living in the eastern region ranking the happiest, according to the Bank for Agriculture and Agricultural Cooperatives' (BAAC) poll.

BUSINESS

Tris assigns Gulf Energy A for stability

Business, Published on 26/12/2018

» Tris Rating has given an A rating to Gulf Energy Development Plc (GULF), reflecting the company's position as a leading power producers in Thailand, its well-diversified portfolio, predictable cash flows from long-term power purchase agreements (PPA) with Electricity Generating Authority of Thailand (Egat), and a proven record of developing and operating power plants.

BUSINESS

Tris rates True Move H stable with debt at BBB+

Business, Published on 26/12/2018

» Tris Rating has affirmed the company rating on True Move H Universal Communication Co (TUC) and the ratings on TUC's senior unsecured debentures at BBB+.

BUSINESS

Thai-Chinese effort to broaden SME access

Business, Published on 26/12/2018

» A strategic cooperation between Thailand's Department of International Trade Promotion (DITP) and the Chinese International Merchandise Exchange & Exhibition Co (IMX) is meant to expand e-commerce opportunities for Thai small and medium-sized enterprises (SMEs) to sell to Chinese consumers.

BUSINESS

NBTC subsidising border broadband

Business, Komsan Tortermvasana, Published on 26/12/2018

» The telecom regulator plans to provide a three-year subsidy worth 4 billion baht for fixed broadband service to 600,000 households in border villages from May 2019, aiming to bridge the digital divide in remote areas.

BUSINESS

GPSC takes another crack at Glow takeover with partial bid

Business, Yuthana Praiwan, Published on 26/12/2018

» The Energy Regulatory Commission (ERC) plans to consider today a revised plan submitted last week by Global Power Synergy Plc (GPSC) for a 139-billion-baht takeover of Glow Energy Plc.