Showing 1 - 10 of 36
BSRC’s First Debenture Exceeds Targets
Published on 31/07/2024
» Bangchak Sriracha Public Company Limited, or “BSRC,” has successfully issued and offered debentures for the first time. Institutional investors have shown overwhelming interest, and the debentures were oversubscribed, closing the total issuance at THB 4 billion, exceeding the company’s initial target. This reflects investor confidence in BSRC, whose debentures have been assigned an “A" credit rating by TRIS Rating.
UN Praises Thailand’s Progress on Sustainable Goals
Published on 11/07/2024
» Thailand commended for exemplary progress on Sustainable Development Goals, says Interior Ministry.
WEH's 6.75% Bonds Approved by SEC
Published on 11/07/2024
» The Securities and Exchange Commission (SEC) has approved the filing of Wind Energy Holding Company Limited to offer 2-year debentures maturing in 2026, with an interest rate of 6.75% per annum. The total value is not exceeding 500 million baht, offered to institutional investors and/or high net worth investors. The subscription period is set for July 11-12 and 15. The funds will be used for business expansion and development of new projects both domestically and internationally.
GSB and BAM Form 1 Billion Baht Debt Relief Venture
Published on 31/05/2024
» Government Savings Bank (GSB) has partnered with Bangkok Commercial Asset Management (BAM) to establish a joint venture, ARI Asset Management Co., Ltd. (ARI-AMC), with a capital investment of 1 billion baht. ARI-AMC will purchase and transfer non-performing loans (NPLs) from GSB over the course of three quarters in the fiscal year 2024, providing assistance to over 500,000 accounts of small and medium-sized enterprise (SME) debtors and credit card debtors.
TCMA Champions Net Zero 2050 with Green Strategy
Published on 10/04/2024
» Dr. Chana Poomee, Chairman of the Thai Cement Manufacturers Association (TCMA), announced the vision of ‘TCMA Synergising the Actions towards Net Zero 2050’ to drive the cement industry, join forces in all sectors, upgrade industry energy transition with innovation, connect global green funds to realise the Net Zero Goal, increase Thailand’s industrial capacity, and respond to the climate change megatrend.
TTB's Responsible Lending Paves Path to Sustainable Banking
Published on 11/03/2024
» Chairman of TMBThanachart (TTB) unveils the 2024 strategic plan, focusing on products and services development through Ecosystem Play, utilising digital channels as the primary platform for developing and managing personalised customer relationships. Aligned with the government’s policy to alleviate Thais’ debt burdens, the TTB strategy underscores Responsible Lending and Transition Finance to assist clients in transitioning to eco-friendly business models. This reinforces the Bank’s commitment to sustainable banking and enhancing the financial well-being of Thai people, with the Bank’s goal of achieving Net-zero Commitment.
Thai Credit Bank Wins RDPE Award
Published on 05/03/2024
» Thai Credit Bank PCL announced its selection by the Ministry of Interior’s committee for the National Leadership Award in Rural Development and Poverty Eradication (RDPE). The bank was awarded first runner-up in the private sector category for its "Tang To Know-how" project. The program satisfied the selection criteria by delivering tangible benefits to the community and consistently making a positive impact on the lives of local residents. Additionally, Thai Credit Bank PCL maintains its commitment to Environmental, Social, and Governance (ESG) compliance, operating ethically, transparently, and responsibly, which are key factors in sustainability. The award was presented to Mr. Winyou Chaiyawan, CEO of Thai Credit Bank PCL, by Mr. Suttipong Juljarern, Permanent Secretary of the Ministry of Interior, during the ceremony.
Bolstering Thai Economy: Key Recommendations for Government
Published on 21/02/2024
» The Vice Chairmen of the Federation of Thai Industries (FTI), Mr. Montri Mahaplerkpong and Mr. Apichit Prasoprat, reported a notable increase in the Thailand Industry Sentiment Index (TISI) for January 2024, rising to 90.6 from 88.8 in December 2023. This upswing in TISI can be attributed to various contributing factors.
MINT's Strong 2023 Growth, Positive 2024 Forecast Thanks to Tourism Stimulus
Published on 23/01/2024
» Hospitality giant Minor International (MINT) boasted robust 2023 performance and forecast a rosy outlook for this year, thanks in part to the Srettha Thavisin administration’s tourism stimulus measures, particularly the permanent extension of visa exemption for Chinese travelers to Thailand.
Xayaburi Power achieves success with oversubscribed THB 3.5 billion green bond issuance
Published on 30/10/2023
» Mr.Vorapote Uchoepaiboonvong, Managing Director of Xayaburi Power Company Limited (XPCL) or the Xayaburi Hydroelectric Power Plant, an associate company of CK Power Public Company Limited, or CKPower (stock symbol: “CKP”), one of the region’s largest renewables-based power producers, announced the successful offering of its name-registered, unsecured, and unsubordinated green bonds no. 1/2023 in Thai baht with a debentureholders’ representative on October 20, 24, and 25. This success underscores investors’ confidence in XPCL and reinforces CKPower’s dedication to clean energy-based electric power production, aiming to enhance Thailand's transition to renewable energy.