Showing 51 - 60 of 4,182
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.
Association decides to place EA bonds on restricted list
Business, Nuntawun Polkuamdee, Published on 18/07/2024
» The Association of Investment Management Companies (AIMC) has resolved to place Energy Absolute (EA) bonds on the restricted list which limits transactions and prohibits additional investment until there is clarity about the company's future propsects.
Much hangs on Gulf, InTouch deal
Business, Published on 18/07/2024
» The planned amalgamation of Gulf Energy Development (Gulf) and InTouch Holdings (INTUCH) is aimed at simplifying the shareholding structure, strengthening the group's financial status and balancing the investment portfolio.
Alternative investments will cost Gen Zs dearly
News, Published on 17/07/2024
» Younger investors are thinking about their investment portfolios all wrong, and it's not entirely their fault. Ultimately, it's up to them to recognise where the best long-term returns lie before too much precious time is wasted.
Eastspring bullish on US tech, Indian stocks
Business, Nuntawun Polkuamdee, Published on 16/07/2024
» Eastspring Asset Management (Thailand) recommends investors maintain their focus on portfolio diversification in the second half as positive investment opportunities arise, suggesting the most attractive areas to invest in are US tech stocks and the Indian stock market.
N.Korean hackers sent stolen crypto to Cambodian payment firm
Published on 15/07/2024
» LONDON - A major Cambodian payments firm received crypto worth over $150,000 from a digital wallet used by North Korean hacking outfit Lazarus, blockchain data shows, a glimpse of how the criminal collective has laundered funds in Southeast Asia.