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Search Result for “$8 billion”

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BUSINESS

SET upbeat despite plunge in trading value

Business, Nuntawun Polkuamdee, Published on 11/07/2023

» Scandals related to Stark Corporation and other negative factors caused the trading value of the Stock Exchange of Thailand (SET) to plummet by 33% year-on-year in June to 47.9 billion baht, but the bourse remains optimistic that investor confidence will improve in the second half.

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BUSINESS

SET stumbles on domestic, external risks

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

» Concerns over rising global interest rates and domestic political uncertainties dragged down the Thai bourse to below 1,500 points again on Thursday, say analysts.

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BUSINESS

SEC warns of prison time for Stark fraudsters

Business, Nuntawun Polkuamdee, Published on 27/06/2023

» Members of the management team and others involved in the fraud surrounding Stark Corporation (STARK) could face up to 10 years in prison if found guilty, the Securities and Exchange Commission (SEC) said on Monday, as it tried to restore confidence in the Thai capital market.

BUSINESS

Analysts promote friendly policies

Business, Nuntawun Polkuamdee, Published on 26/06/2023

» The local stock market can shift from a bear to a bull market if the authorities halt anti-investor policies that undermine confidence, causing foreigners to sell more than 100 billion baht worth of Thai shares this year, say analysts.

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BUSINESS

Stark told to pay B6.9bn to bondholders

Business, Nuntawun Polkuamdee, Published on 22/06/2023

» Kasikornbank (KBank) and Asia Plus Securities (ASPS), representatives for Stark Corporation's bondholders, called for the immediate payment of bonds worth more than 6.9 billion baht after they decided to cancel tomorrow's bondholders' meeting.

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BUSINESS

Tisco Asset pinpoints opportunities in H2

Business, Nuntawun Polkuamdee, Published on 13/06/2023

» Tisco Asset Management recommends Thai equity mutual funds related to the domestic economy and tourism as well as Chinese equities, US technology and dividend stocks, and US bonds for the second half of this year.

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BUSINESS

Foreigners flee Thai stocks

Business, Nuntawun Polkuamdee, Published on 07/06/2023

» Foreign investors sold nearly 100 billion baht worth of Thai shares in the first five months of this year, including 33.4 billion baht divested in May alone, due to rising global interest rates and uncertainties in forming the new government.

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BUSINESS

Asian investors hold breath amid US debt drama

Business, Nuntawun Polkuamdee, Published on 27/05/2023

» RECAP: Asian markets mostly rose on Friday but investors remained on edge heading into the weekend amid concern that US debt-ceiling negotiations could still break down.

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BUSINESS

SET seeks long-term plan for the future

Business, Nuntawun Polkuamdee, Published on 26/05/2023

» The Stock Exchange of Thailand (SET) has posted the highest trading value in Asean since 2012, though it needs a long-term plan to manage the opportunities and challenges as capital markets evolve, according to the bourse.

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BUSINESS

TCRB eyes stock exchange listing in 2023

Business, Nuntawun Polkuamdee, Published on 05/05/2023

» Thai Credit Retail Bank (TCRB) has submitted filings to the Securities and Exchange Commission for an initial public offering (IPO) on the Stock Exchange of Thailand by the end of this year.