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BUSINESS

MQDC, MTL offer package for seniors

Business, Darana Chudasri, Published on 09/03/2021

» Property developer Magnolia Quality Development Corporation (MQDC) in alliance with Muang Thai Life (MTL) Assurance is offering an end of life package to senior citizens that includes lifetime care, health insurance and a non-transferable lease on a condo or house for 35 million baht.

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BUSINESS

Aurora raises registered capital to list on bourse

Business, Darana Chudasri, Published on 05/03/2021

» Aurora, the country's largest gold and jewellery retailer, plans to raise its registered capital by an additional 200 million baht to meet the regulator's requirement for a minimum of 300 million baht to list on the Stock Exchange of Thailand.

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BUSINESS

Developers among the first to proffer initial coin offerings

Business, Darana Chudasri, Published on 03/03/2021

» SET-listed property developer SC Asset will soon launch an initial coin offering (ICO) in what will be the first of its kind in Thailand, after the Securities and Exchange Commission (SEC) approved trading of real asset tokens this month.

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BUSINESS

SEC allays crypto furore

Business, Darana Chudasri, Published on 02/03/2021

» The Securities and Exchange Commission (SEC) is backing off its draft plan to require a 1-million-baht minimum annual income and other requirements for cryptocurrency investors, noting the draft was just meant to test public sentiment from stakeholders.

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BUSINESS

Cryptocurrency draft draws flak

Business, Darana Chudasri, Published on 26/02/2021

» A draft of qualifications for cryptocurrency investment by the Securities and Exchange Commission (SEC) is sparking heavy criticism from the public as it effectively bars the majority of Thais from trading digital currency by requiring them to have annual income of 1 million baht.

BUSINESS

TQM turns to M&A strategy

Business, Darana Chudasri, Published on 24/02/2021

» TQM Corporation, the only SET-listed insurance broker, announced it will count on joint ventures and acquisitions this year as key drivers of its goal to achieve 50 billion baht in insurance premiums by 2026.

BUSINESS

SET warns of volatility for TQR prices

Business, Darana Chudasri, Published on 20/02/2021

» The Stock Exchange of Thailand (SET) has warned investors to be cautious when trading TQR shares as the price is fluctuating wildly with a low portion of free float, following a roller-coaster morning trading session.

BUSINESS

Pension products in need of a rejig

Business, Darana Chudasri, Published on 19/02/2021

» Pension insurance products need to be revamped to tap an ageing population and provide customers with enough savings to maintain their lifestyles during retirement, says Sara Lamsam, president of the Thai Life Assurance Association (TLAA).

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BUSINESS

SEC to boost recovery, beef up capital market

Business, Darana Chudasri, Published on 12/02/2021

» The Securities and Exchange Commission (SEC) has set a strategic plan for 2021-2023, aiming to strengthen and accelerate economic recovery as well as improve the Thai capital market's resilience amid a volatile environment, says SEC secretary-general Ruenvadee Suvarnmongkol.

BUSINESS

Zipmex sounds alarm on bitcoin bubble

Business, Darana Chudasri, Published on 11/02/2021

» Digital currencies could be in a bubble this year, with prices inflating and new investors flocking to the market, especially if prices hit 3 million baht, warns Zipmex Thailand, a local digital asset exchange.