Showing 1 - 10 of 2,664
Big Tech sell-off takes toll on Asian equities
Business, Published on 27/07/2024
» RECAP: Asian equities were mixed on Friday as traders weighed the rising expectations of US interest rate cuts against continued weakness in technology shares after a protracted run-up in prices.
Siam Paragon Hosts Cultural Event for King’s Birthday
Published on 26/07/2024
» To commemorate His Majesty King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua of Thailand’s 72nd birthday anniversary on 28 July 2024, Siam Paragon, in collaboration with 12 embassies to Thailand, is hosting “The Nation Unites in Commemorating His Majesty the King” event from 26-29 July 2024 at Parc Paragon, Siam Paragon. The event features cultural performances from Thailand and 12 countries under the concept “Long-Standing Relations.” Additionally, a majestic floral exhibit by internationally-renowned florist Sakul Inthakul is on display at The Jewel, M Floor, throughout July 2024, supported by Siam Commercial Bank PCL and Boon Rawd Brewery Co., Ltd.
Central Group rolls out QR code payments for tourists
Business, Published on 26/07/2024
» The Central Group of companies, including Central Retail Corporation, Central Pattana, and Centara Hotels and Resorts, have partnered with the Bank of Thailand and six leading commercial banks to provide a cross-border QR payment service for tourists.
Profits of 10 listed banks for H1 rise 3.7% to B126.4bn
Somruedi Banchongduang, Published on 23/07/2024
» The 10 SET-listed banks reported a combined net profit of 126.4 billion baht for the first half of this year, marking a 3.7% increase year-on-year. This growth was primarily driven by large banks, while smaller banks experienced a decline in earnings.
Scandal stalks stocks
Published on 22/07/2024
» The Stock Exchange of Thailand (SET) was recently hit by an accounting and embezzlement scandal at Stark Corporation, which is estimated to have cost at least 14.7 billion baht in damages to shareholders and stock investors.
Country's leading banks post mixed results for first half
Business, Somruedi Banchongduang, Published on 20/07/2024
» The big three banks reported mixed results for the first half of this year.
Banks' Q2 earnings estimated at B61bn
Business, Nuntawun Polkuamdee, Published on 19/07/2024
» Analysts expect banks to report combined earnings of 61 billion baht in the second quarter, down 2% from three months earlier and flat from the corresponding period last year, due to lower interest rate income, slowing lending and interest rate cuts to help retail customers.
Government and banks to discuss screening Myanmar deals
Published on 18/07/2024
» The government plans talks with Thai commercial banks about improved screening of transactions allegedly used for weapons purchases by the Myanmar junta, Foreign Minister Maris Sangiampongsa said on Thursday.
Banks set for potential EA cross-default
Business, Somruedi Banchongduang, Published on 18/07/2024
» Banks are expected to set aside over 10 billion baht in total loan loss provisions for embattled Energy Absolute (EA) if the company faces a cross-default, according to UBS Securities (Thailand).
Ailing EA seeks strategic partner
Business, Published on 16/07/2024
» Embattled Energy Absolute (EA) is seeking a strategic partner to help it with debts of 19.5 billion baht due this year, after a credit downgrading caused the SET-listed renewable energy company difficulty in mobilising fresh funds via bond issuance.