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Search Result for “$3 million”

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BUSINESS

SET counsels caution over XPG trades

Business, Darana Chudasri, Published on 30/07/2021

» The Stock Exchange of Thailand (SET) is warning investors against trading Xspring Capital Plc (XPG) after the stock made unusual price movements and surged 180% in just three months.

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BUSINESS

Insurers brace for rise in Covid claims

Business, Darana Chudasri, Published on 26/07/2021

» Covid-19 insurers are preparing for an increase in claims as the number of new cases per day keeps setting records.

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BUSINESS

SMK lashed over Covid termination

Business, Darana Chudasri, Published on 17/07/2021

» Thailand's regulator warned Syn Mun Kong Insurance (SMK) on Friday that it cannot arbitrarily terminate Covid-19 insurance contracts with lump-sum payments, threatening legal action or fines if the insurer moves forward with its plan.

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BUSINESS

Covid claims snowball in last 45 days

Business, Darana Chudasri, Published on 07/07/2021

» Total claims for Covid insurance ballooned to 1.77 billion baht in the first half of the year from 588 million baht as of May 15, says the Office of the Insurance Commission (OIC) secretary-general Suthiphon Thaveechaiyagarn.

BUSINESS

SET warns stock investors over MVP shares

Darana Chudasri, Published on 06/07/2021

» The Stock Exchange of Thailand (SET) has warned investors to take caution when trading shares of M Vision Public Company Limited (MVP) as the shares' trading conditions remain highly volatile even having been put on the highest level of the market surveillance list.

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BUSINESS

Covid lump sum payouts set to be axed amid rising cases

Business, Darana Chudasri, Published on 29/06/2021

» Insurance companies will likely stop making lump sum Covid-19 insurance payments as the number of local Covid-19 cases has surpassed 200,000, leading firms to review the processes of their products, says Anon Vangwasu, president of the Thai General Insurance Association (TGIA).

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BUSINESS

REIT prices edging near pre-Covid levels

Business, Darana Chudasri, Published on 16/06/2021

» Prices of global real estate investment trusts (REITs) edged near pre-pandemic levels following the economic recovery and progress in global vaccine distribution, while Thai REITs remain the laggard despite excellent returns compared to global counterparts and government bonds, says Veena Lertnimitr, executive vice-president of Siam Commercial Bank.

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BUSINESS

Robust daily trading volume on TFEX

Business, Darana Chudasri, Published on 28/05/2021

» The average daily trading volume of precious metals on the Thailand Futures Exchange (TFEX) climbed to 51,004 contracts per day in May, from 48,397 contracts in March and 42,318 in January, thanks to the bullish gold trends and corrections in the cryptocurrency market.

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BUSINESS

Covid-related claims could hit B3bn as cases continue to rise

Business, Darana Chudasri, Published on 26/05/2021

» Total claims from Covid-19 insurance could soar to 3 billion baht this year as daily infections continue to rise, says Thai General Insurance Association (TGIA) president Anon Vangvasu.

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BUSINESS

SPV77 ready to raise B2.4bn in ICO

Business, Darana Chudasri, Published on 22/05/2021

» SPV77 Co Ltd plans to raise 2.4 billion baht through the launch of 240 million real estate-backed digital tokens, priced 10 baht each, in Thailand's first initial coin offering (ICO) filed for approval with the Securities and Exchange Commission (SEC).