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BUSINESS

SEC raises investors' crowdfunding limit

Business, Nuntawun Polkuamdee, Published on 18/07/2023

» The Securities and Exchange Commission (SEC) is lifting the maximum amount of security-based crowdfunding offerings to 50 million baht for retail investors, from 40 million baht, with no limit for institutional, high-net-worth and ultra-high-net worth investors.

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BUSINESS

SCN targeting 30-40% revenue growth

Business, Yuthana Praiwan, Published on 17/07/2023

» Growing demand for solar power driven by expensive electricity bills is expected to increase revenue for SET-listed Scan Inter (SCN), a compressed natural gas seller and clean power operator, which set a 30-40% revenue growth target this year.

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BUSINESS

TAT eyeing visitors from Middle East

Business, Molpasorn Shoowong, Published on 17/07/2023

» The Tourism Authority of Thailand (TAT) is targeting 400,000 visitors from the Middle East this year, including a new record for the Saudi Arabia market.

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BUSINESS

Calm approach on tax reforms urged

Business, Wichit Chantanusornsiri, Published on 17/07/2023

» The Finance Ministry's permanent secretary Krisada Chinavicharana is warning the new government that tax reforms to increase revenue must not cause a shock to the economy.

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BUSINESS

Hong Kong cancels trading as typhoon nears

Bloomberg News, Published on 17/07/2023

» HONG KONG: Hong Kong cancelled trading on the city’s $5.2 trillion stock market on Monday because of typhoon Talim.

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BUSINESS

Skills-based compensation mooted

Business, Lamonphet Apisitniran, Published on 17/07/2023

» Pledges to hike the daily minimum wage made by major political parties during their election campaigns raised the hopes of blue-collar workers, but sparked grave concerns among businesses.

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BUSINESS

Invitation to Investors to Bid for Prime Land on Langsuan Road

Published on 17/07/2023

» C.I.T. Property Consultants Company Limited, trading as Colliers Thailand, a leading commercial real estate agent and expert, is inviting prospective investors to bid for a prime development site located on Langsuan Road in Bangkok.

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BUSINESS

Oil Prices Predicted to Recover Amidst Global Economic Rebound

Published on 14/07/2023

» The average price of ICE Brent crude oil in the second quarter of 2023 (April 1 - June 30, 2023) remained stable at $77.75 per barrel, indicating tighter supply in the market compared to the previous quarter. Following the OPEC and its allies (OPEC+) meeting on April 3, 2023, a consensus was reached to reduce crude oil production by 2 million barrels per day until the end of 2023. Additionally, several countries, including Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Iraq, Algeria, Kazakhstan, and Gabon, volunteered to implement additional production cuts totalling 1.16 million barrels per day from May to December 2023. Furthermore, Russia extended its planned production cut by 500,000 barrels per day from March to June 2023 until December 2023. As a result, the total production reduction from May to December 2023 stands at 3.66 million barrels per day.

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BUSINESS

Global debt dominates G20 finance talks

AFP, Published on 17/07/2023

» GANDHINAGAR, India: G20 finance ministers and central bank chiefs opened talks Monday on debt restructuring deals, multilateral bank reform and finance to tackle climate change, as they aim to bolster a sagging global economy.

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BUSINESS

Delay poses risks to the economy

Business, Phusadee Arunmas, Published on 14/07/2023

» The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline in GDP.