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BUSINESS

Bitcoin surges to another all-time high at B1.74m

Business, Darana Chudasri, Published on 23/02/2021

» Bitcoin rose to another all-time high on Monday at 1.74 million baht, or US$58,330.57 apiece, as physical spot gold hit a seven-month low with traders suggesting the current price dip is a good time to buy gold.

BUSINESS

SET warns of volatility for TQR prices

Business, Darana Chudasri, Published on 20/02/2021

» The Stock Exchange of Thailand (SET) has warned investors to be cautious when trading TQR shares as the price is fluctuating wildly with a low portion of free float, following a roller-coaster morning trading session.

BUSINESS

Pension products in need of a rejig

Business, Darana Chudasri, Published on 19/02/2021

» Pension insurance products need to be revamped to tap an ageing population and provide customers with enough savings to maintain their lifestyles during retirement, says Sara Lamsam, president of the Thai Life Assurance Association (TLAA).

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BUSINESS

TQR opens with a flurry, gaining 200%

Business, Darana Chudasri, Published on 18/02/2021

» TQR Plc, a reinsurance arm of TQM Corporation, made a strong debut on the Market for Alternative Investment (MAI) on Wednesday, with its share price bucking an otherwise weaker market to close up 200% at 15.30 baht.

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BUSINESS

Licences required for digital asset fund managers, advisers

Darana Chudasri, Published on 15/02/2021

» The Securities and Exchange Commission (SEC) announced all operating digital asset fund managers and investment advisers are required to apply for licences by Feb 24 to continue their businesses.

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BUSINESS

SEC to boost recovery, beef up capital market

Business, Darana Chudasri, Published on 12/02/2021

» The Securities and Exchange Commission (SEC) has set a strategic plan for 2021-2023, aiming to strengthen and accelerate economic recovery as well as improve the Thai capital market's resilience amid a volatile environment, says SEC secretary-general Ruenvadee Suvarnmongkol.

BUSINESS

Zipmex sounds alarm on bitcoin bubble

Business, Darana Chudasri, Published on 11/02/2021

» Digital currencies could be in a bubble this year, with prices inflating and new investors flocking to the market, especially if prices hit 3 million baht, warns Zipmex Thailand, a local digital asset exchange.

BUSINESS

Increase in mutual fund investors seen

Business, Darana Chudasri, Published on 10/02/2021

» The number of mutual fund investors could surge to over 3 million within the next few years, spurred by the public's increasing awareness of financial planning which is rendered essential amid the global pandemic, says Jessada Sookdhis, Finnomena Group's chief executive.

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BUSINESS

Prasarn chosen to chair SET governor's board

Business, Darana Chudasri, Published on 06/02/2021

» The Stock Exchange of Thailand's (SET) board of governors appointed Prasarn Trairatvorakul, a former governor of the Bank of Thailand, as the new chairman of the SET board on Friday, succeeding Chaiyawat Wibulswasdi.

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BUSINESS

Regulator nails down capital adequacy method

Business, Darana Chudasri, Published on 05/02/2021

» The Office of Insurance Commission (OIC) has approved the revision of its capital adequacy ratio (CAR) calculation method, broadening opportunities for local insurance companies to invest in foreign assets and diversify risks during the pandemic and amid low interest rates.