Showing 61 - 70 of 192
Issue of dollar bonds ruled out this year
Published on 09/05/2024
» The government has no plans currently to issue dollar bonds overseas this year as it is still studying the issue while waiting for a clearer market direction, a Ministry of Finance official said on Thursday.
Bitcoin’s longest losing streak of 2024 casts cloud over crypto
Bloomberg News, Published on 09/05/2024
» MUMBAI - Bitcoin is grinding lower as part of a US$500 billion slide in digital assets, stoking questions about whether the crypto rebound has peaked.
TIDLOR Hits Record Q1 Net Profit, Loan Milestone
Published on 09/05/2024
» Ngern Tid Lor Public Company Limited (“TIDLOR” or “the Company”) disclosed the Q1/2024 performance in line with the targets, achieving a new high in net profit of Baht 1,104.1 million, marking an increase of 15.6% YoY, and total revenue of Baht 5,309.1 million, rising by 22.2% YoY. This growth was driven by continuous expansion in both the lending and insurance brokerage businesses, coupled with effective cost management over the past 2-3 years.
FPT Reports Strong H1 Performance with THB 6.5 Billion Revenue
Published on 09/05/2024
» Frasers Property (Thailand) Public Company Limited, or “FPT,” Thailand's first integrated real estate leader, disclosed its first half of FY2024 performance (October 2023 – March 2024), reporting total revenue of THB 6,591 million and net profit of THB 487 million. For 2QFY2024 performance (January – March 2024), the company generated total revenue of THB 3,524 million and net profit of THB 165 million. Despite macroeconomic challenges, the residential business continues to progress as planned, with four new projects set to launch in the second half of the year, alongside an adjustment in strategic plans. The industrial and commercial portfolio showed continuous revenue growth with occupancy rates reaching 86% and 92%, respectively.
Credit card default risks surge in first quarter
Business, Somruedi Banchongduang, Published on 09/05/2024
» The risk of default on credit card loans rose significantly in the first quarter this year, driven by the central bank's mandate for a higher minimum payment rate.
Measures help boost AP's townhouse sales
Business, Kanana Katharangsiporn, Published on 09/05/2024
» The property measures that commenced last month helped boost townhouse sales in April, while a possible rise in the daily minimum wage needs to be weighed against a drop in the price of construction materials, according to SET-listed developer AP Thailand.
Department seeks to speed up free trade negotiations
Business, Phusadee Arunmas, Published on 09/05/2024
» The Department of Trade Negotiations is pushing for free trade agreement (FTA) negotiations with trading partners to expand trade and investment opportunities as well as strengthen the economy.
Exports falter, leading to growth cut
Business, Yuthana Praiwan, Published on 09/05/2024
» Thailand's economic outlook for this year appears less optimistic as GDP growth could tally 2.2%, down from the previous projection of 2.8-3.3%, attributed to sluggish exports weighing on the manufacturing sector, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).
Govt, BoT spat may not be economic
Oped, Chartchai Parasuk, Published on 09/05/2024
» The row between the government and the Bank of Thailand (BoT) over its "high" interest rate is all over the news. Many have started questioning the appropriateness of the central bank's independence.
IRPC Profits Soar, Targets Euro 5 Diesel Sales
Published on 08/05/2024
» IRPC Public Company Limited has reported a first-quarter profit of 1,545 million baht, attributed to an increased market share of specialty products in line with its strategic plan. For the second quarter of 2024, the company aims to aggressively sell Euro 5 diesel to meet rising domestic demand.