Showing 1 - 10 of 22
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.
SET to overhaul listing rules as stocks whacked by scandals
Bloomberg News, Published on 22/06/2023
» The Stock Exchange of Thailand plans to tighten listing rules as a major accounting scandal, debt defaults and unexplained share gyrations rattle investors, putting the SET Index on course for its lowest close in more than two years.
Troubles mount for Stark hit by accounting scandal
Bloomberg News, Published on 21/06/2023
» Bondholders of Stark Corporation Public Company Limited called for immediate payment of about US$200 million after a special audit revealed accounting irregularities, the latest trouble for the Thai electrical components maker that has defaulted on debt and seen its shares plummet to near-zero.
Megaprojects, tourism to propel growth, Arkhom says
Bloomberg News, Published on 28/02/2023
» A slew of billion-dollar infrastructure projects and an upswing in tourism will fuel Thailand’s expansion this year, shielding the economy from weaker exports and any possible delay in the budget approval due to elections, according to Finance Minister Arkhom Termpittayapaisith.
Weak baht aids tourism resurgence and growth: Arkhom
Bloomberg News, Published on 19/10/2022
» A weaker baht is supporting Thailand’s post-pandemic tourism recovery, which is key to shoring up the nation’s economic performance, according to Finance Minister Arkhom Termpittayapaisith.
Bank of Thailand signals gradual moves after first hike since 2018
Bloomberg News, Published on 10/08/2022
» The Bank of Thailand (BoT) has signalled sticking with measured moves going forward to fight inflation without derailing the economic recovery, after raising the benchmark policy rate for the first time in more than three years.
Bank of Thailand to get more powers in crypto law overhaul
Bloomberg News, Published on 09/08/2022
» The government plans to overhaul digital rules to confer more powers on the central bank and tighten the oversight of platforms offering cryptocurrencies and other tokens after a recent market rout left retail investors reeling from losses.
Govt at odds with Bank of Thailand over raising rates
Bloomberg News, Published on 15/06/2022
» Government leaders are publicly making a case for keeping interest rates lower for longer, a call that is putting them at odds with the nation’s monetary policy makers who are keen to raise borrowing costs sooner to keep inflation from overheating.
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.
Crisis at billionaire Charoen’s insurance firms rattles industry
Bloomberg News, Published on 24/02/2022
» Thailand’s richest man, Charoen Sirivadhanabhakdi, built a 516-billion-baht fortune mostly from liquor and retailing. He’s had a tougher ride in the financial sector.