Showing 81 - 90 of 487
Retail borrowers need help, says caretaker finance minister
Published on 22/08/2024
» The Bank of Thailand should help retail borrowers after leaving its benchmark interest rate unchanged again this week, the caretaker finance minister said on Thursday.
PTT Reports Profit and Focuses on Sustainable Growth
Published on 22/08/2024
» PTT Public Company Limited reported a net profit of 64.437 billion baht for the first half of 2024, reaffirming its commitment to becoming a globally sustainable organisation. The revenue was derived 92% from its Hydrocarbon business and 8% from Non-Hydrocarbon sectors. The company’s board approved an interim dividend payment of 0.80 baht per share for H1 2024. Including tax contributions from PTT and its subsidiaries, PTT has returned a total of 35.684 billion baht to the government, supporting Thailand’s social and economic development. Additionally, PTT has helped alleviate the public burden caused by the energy price crisis since 2020 by reducing living costs.
Ministry sees 10% uptick in gems and jewellery exports
Business, Phusadee Arunmas, Published on 22/08/2024
» The Commerce Ministry anticipates exports of gems and jewellery to expand by 10% this year, attributed to increased demand in the global market, the continuing recovery in tourism, and expansion into new markets.
Prospect targets purchase of 3 industrial sites for B3.35bn
Kanana Katharangsiporn, Published on 22/08/2024
» Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust (PROSPECT REIT) plans to raise an additional 3.35 billion baht to acquire three industrial properties for its portfolio, capitalising on strong demand in the industrial sector.
Q2 GDP growth may be misleading
News, Chartchai Parasuk, Published on 22/08/2024
» I eagerly awaited the release of the Q2/2024 GDP growth figure which became available on Monday. The 2.3% growth figure, presented by the Office of the National Economic and Social Development Council (NESDC), did not surprise me. A friend had warned me that the quarterly growth could be as high as 2.5%, even though my estimation for the quarter was only 1.0%.
Bank of Thailand holds key rate at 2.50%
Published on 21/08/2024
» The Bank of Thailand (BoT) left its key interest rate unchanged for a fifth straight meeting on Wednesday, as widely expected, despite a sluggish economy and fiscal policy uncertainty after the Constitutional Court dismissed Srettha Thavisin as prime minister last week.
Thai economy 'nearly in crisis'
Reuters, Published on 21/08/2024
» Thailand's economy is nearly in crisis due to declining exports and uncompetitive manufacturing, caretaker Finance Minister Pichai Chunhavajira said on Wednesday.
Villa Market remains upbeat
Business, Kuakul Mornkum, Published on 21/08/2024
» The high level of household debt won't significantly impact Villa Market, according to Villa Market JP Co, the operator of the supermarket chain, as the company targets the high-income segment.
Pact offers firms e-sports prospects overseas
Business, Suchit Leesa-nguansuk, Published on 21/08/2024
» Thailand's technology and financial technology businesses are seeking business opportunities in Saudi Arabia to capitalise on Saudi Vision 2030 and the world's first edition of the Olympic Esports Games scheduled to be held in Saudi Arabia next year.
Yong Concrete rejigs focus to industrial push
Business, Kanana Katharangsiporn, Published on 21/08/2024
» Yong Concrete, an MAI-listed manufacturer of concrete products, plans to shift its focus from the slow residential market to the industrial sector, which could cause growth to fall below the company's original target.