Showing 1 - 10 of 47
A 99% stock crash and shock default raise alarm
Bloomberg News, Published on 23/06/2023
» Only a year ago Stark Corporation looked like a Thai corporate success story. Backed by a wealthy local businessman, the nearly US$2 billion maker of electrical cables was an aggressive acquirer making its first major push beyond Asia.
Tourism to limit economic pain as new government awaited
Bloomberg News, Published on 18/05/2023
» Thailand has not been spared the political uncertainty that usually comes with elections, yet foreign tourists returning by the millions this year are counted on to help shield Southeast Asia’s second-largest economy.
Central Pattana scouts for acquisitions, lines up more mega projects
Bloomberg News, Published on 09/03/2023
» Central Pattana Pcl is open to acquiring assets that fits well with its strategy of housing retail, residential and office spaces at a single location as the mall developer pushes ahead with a 135 billion baht (US$3.9 billion) expansion.
JPMorgan expects more IPOs, takeovers as baht gains
Bloomberg News, Published on 24/01/2023
» The Thai baht rally will help reverse a slump in its market for initial public offerings and provide fire-power for overseas acquisitions by Thai companies, according to JPMorgan Chase & Co.
Thailand eyes closer Saudi ties in Prince’s first official visit
Bloomberg News, Published on 08/11/2022
» Thailand and Saudi Arabia are set to sign agreements to elevate diplomatic and investment ties, when Crown Prince Mohammad bin Salman makes the first official visit by a top Saudi royal family member to the Southeast Asian country in more than three decades.
Goldman, Nomura see Thailand embarking on rate-hike cycle
Bloomberg News, Published on 09/06/2022
» The Bank of Thailand (BoT) is set to raise rates from August to quell persistently high inflation, according to analysts, ending a three-year long easy monetary policy stance to shield the Covid-19 pandemic-hit economy.
Thai banks weigh stake sale in data centre operator
Bloomberg News, Published on 01/06/2022
» Thailand’s biggest banks are considering a stake sale in data centre company Supernap Thailand, according to people familiar with the matter, riding on the increasing investor appetite for the industry.
SCG Chemicals seeking up to $3bn in largest Thai IPO
Bloomberg News, Published on 29/04/2022
» SCG Chemicals Pcl, a unit of Siam Cement Pcl, is seeking to raise as much as US$3 billion in what could be Thailand's largest ever initial public offering (IPO), according to people familiar with the matter.
Siam Commercial Bank catches the metaverse bug
Bloomberg News, Published on 28/03/2022
» Thailand’s biggest bank by market value has become the latest lender seeking to capitalize on the metaverse craze, with a unit announcing plans to set up a headquarters in a version of the internet that’s still taking shape.
Crypto curbs to ‘ring-fence’ banks from unforeseen risks
Bloomberg News, Published on 24/03/2022
» Thailand, which has banned the use of cryptocurrencies for payments, will restrict the role of commercial banks in the digital-assets business to protect them from unforeseen risks, a central bank official said.