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Search Result for “Krungsri”

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THAILAND

Sleek EV Targets Top 3 in Thailand by 2025

Published on 21/05/2025

» Bangkok, 21 May 2025 – Driven by a vision to redefine mobility in Southeast Asia, one of Thailand’s fastest-growing electric motorcycle brands is taking bold strides toward the future. Sleek EV Co., Ltd. is transforming urban transport with proprietary in-house technology and a fully integrated ecosystem, supported by strategic alliances in the energy, finance, and automotive sectors. “We’re not just building electric motorcycles; we’re shaping the future of sustainable and accessible mobility,” said Kantinan Tunveenukoon, CEO of Sleek EV.

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GENERAL

Firms wary of debt amid US tariff woes

Business, Somruedi Banchongduang, Published on 20/05/2025

» Companies have postponed the drawing down of new credit lines as they await clarity on US tariffs following the announcement of the 90-day suspension period, according to a Bank of Ayudhya (Krungsri) executive.

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SUSTAINABILITY

Thai ESG X shakes up SET with raft of new funds

Business, Nuntawun Polkuamdee, Published on 19/05/2025

» The Thai ESG Extra (ESG X) funds launched this month are expected to promote the sustainability of Thai listed companies and help revive the Stock Exchange of Thailand (SET).

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GENERAL

Bank rate cut to trim interest margin

Business, Somruedi Banchongduang, Published on 17/05/2025

» Large local banks have lowered their interest rates in response to the Bank of Thailand's recent policy rate cut, a move that is expected to compress the banking sector's net interest margin (NIM) this year.

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GENERAL

Thai ESG X to draw 40% of LTF capital

Business, Nuntawun Polkuamdee, Published on 16/05/2025

» High-income investors are likely to shift their long-term equity fund (LTF) investments to Thai ESG Extra (ESG X) funds, with roughly 40% of the 150-160 billion baht worth of outstanding LTF capital migrating to these new funds, say fund managers.

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GENERAL

Baht poised to weaken further

Business, Somruedi Banchongduang, Published on 14/05/2025

» The baht is expected to depreciate to around 33.80 against the US dollar this week, driven by a firmer greenback following the temporary pause in the US-China tariff war.

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GENERAL

SET bounce could be short-lived

Business, Published on 14/05/2025

» The upbeat reaction to US-China trade talks over the weekend is lifting the Stock Exchange of Thailand (SET), but analysts warned positive sentiment could be short-lived as pending Thailand-US trade negotiations remain a key concern.

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GENERAL

Outlook seen dim for carriers until Q3

Business, Nareerat Wiriyapong, Published on 13/05/2025

» The outlook for the aviation industry has dimmed as international arrivals are expected to remain muted until the third quarter, with a significant slowdown from China the main culprit, say analysts.

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GENERAL

Tourism in the doldrums

Business, Post Reporters, Published on 12/05/2025

» The tourism industry posted underwhelming results for the first four months this year as the international market contracted by 0.2% year-on-year.

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GENERAL

Central bank expected to cut rates twice more this year

Business, Nareerat Wiriyapong, Published on 08/05/2025

» Low inflation provides ample room for the Bank of Thailand to slash interest rates at least two more times this year to deal with the impacts of the trade war, with the next rate cut expected in the third quarter, according to analysts.