Showing 1 - 10 of 4,145
World-lagging Thai stocks see investors moving money into regional rivals
Bloomberg News, Published on 27/07/2024
» For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unravelling, and not even cheap valuations can save the day.
REIC targets better data gathering to head off crises
Published on 27/07/2024
» The Real Estate Information Center (REIC) continues to serve as an alert system for the property sector, but significant progress is needed, particularly in securing cooperation from various agencies to provide data for both the public and private sectors.
Household debt pressures growth
Business, Nuntawun Polkuamdee, Published on 26/07/2024
» The high level of household debt has continued to pressure economic growth and is holding back investors' decision on whether or not to invest more, a recent survey conducted by the Association of Investment Management Companies (AIMC) has found.
KBank sees mobile app loans fall by 20%
Business, Somruedi Banchongduang, Published on 25/07/2024
» Loan applications through K-Plus, a mobile banking app under Kasikornbank (KBank), have declined by around 20% after the bank slowed its lending growth via the digital platform last year.
Energy Absolute reschedules bills of exchange payment
Business, Nareerat Wiriyapong, Published on 24/07/2024
» Ailing Energy Absolute (EA), which has been under investigation over alleged fraud involving former executives, has rescheduled payment of two of its tranches of short-term bills of exchange (B/E) due to tight liquidity.
Thailand's corporate earnings recovery mixed
Business, Published on 24/07/2024
» Thai businesses across several sectors are witnessing improved earnings, although leverage remains high due to large investments, according to Fitch Ratings.
ALLY-RANGE Enters Credit Through Strategic Investment into iBorrow
Published on 23/07/2024
» ALLY Global Management (“ALLY”) and Range Real Estate Partners (“RANGE”) have made a strategic investment in iBorrow, a vertically integrated loan originator, servicer, and asset manager focused on transitional commercial and residential real estate loans across the United States. Since its inception, iBorrow has deployed approximately $2 billion of loan capital into real estate bridge loans across various asset types, including industrial, retail, multifamily, and hospitality lending to professional, experienced, entrepreneurial borrowers.
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.
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.