Showing 1 - 10 of 42
Analysts see imminent return of foreign funds
Business, Nareerat Wiriyapong, Published on 28/08/2024
» Easing domestic political uncertainty and the higher likelihood of US interest rate cuts could prompt a return of foreign fund inflows starting next month, driving the Thai bourse back to a range of around 1,500 points next year, say analysts.
Analysts expect steady policy rate at 2.5%
Business, Nareerat Wiriyapong, Published on 09/08/2024
» The Bank of Thailand is expected to hold the policy rate steady at 2.5% at its meeting later this month, with inflation rising slowly back to the target range, say economists who are urging government stimulus measures to drive the slowing economy in addition to the digital wallet scheme.
Thailand heading for decade of low growth
Business, Nareerat Wiriyapong, Published on 02/08/2024
» The Thai economy is projected to expand by an average of 2.8% per year over the next decade, boosted by a tourism rebound, its status as a regional automotive hub, and the regionalisation of large Thai conglomerates, says a DBS Bank report.
Digital wallet details fail to rally SET
Business, Nareerat Wiriyapong, Published on 25/07/2024
» The government's announcement regarding the delayed digital wallet handout scheme failed to boost the Stock Exchange of Thailand (SET) as the index slipped below the psychological level of 1,300 points on Wednesday with major commerce company CP All (CPALL) among the biggest losers.
Analyst sees scant impact from digital wallet
Business, Nareerat Wiriyapong, Published on 13/07/2024
» The government's flagship digital wallet policy can improve the economy by only 0.4 percentage points, mostly in 2025, after the project's budget was reduced by 50 billion baht to 450 billion, as uncertainties remain regarding the funding, according to an analyst.
SET index expected to plunge amid court cases
Business, Nareerat Wiriyapong, Published on 05/07/2024
» The Stock Exchange of Thailand (SET) index could plunge to 1,250-1,260 points, down from about 1,300 points now, if the Constitutional Court rules Prime Minister Srettha Thavisin breached ethics rules when appointing Pichit Chuenban, which is likely, says CGI International Securities (Thailand).
SET index could slip further amid BoT spat
Nareerat Wiriyapong, Published on 08/06/2024
» The Stock Exchange of Thailand (SET) index could dip below 1,300 points after plunging to a four-year low on Thursday, as political uncertainties loom and news emerged that the Srettha Thavisin coalition government is seeking ways to exert more power at the Bank of Thailand.
Political jitters hamstring SET index
Business, Nareerat Wiriyapong, Published on 05/06/2024
» Political uncertainty is expected to be a major drag on the Stock Exchange of Thailand (SET) for the entirety of June, with three legal cases involving Prime Minister Srettha Thavisin, former premier Thaksin Shinawatra and opposition Move Forward Party (MFP) causing the index to sag deeper than originally forecast, say analysts.
Hopes high for more stimulus measures
Business, Nareerat Wiriyapong, Published on 28/05/2024
» Analysts are expecting the government to introduce more stimulus following the first meeting of economic ministers yesterday under the Srettha Thavisin-led administration, saying a digital wallet alone cannot revive the slowing economy.
CGSI targets top 3 brokerage spot
Business, Nareerat Wiriyapong, Published on 11/05/2024
» CGS International (CGSI), China's second-largest securities firm, wants to be among the top three securities companies in Thailand by 2030, expanding its offerings and teaming up with local and regional partners.