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BUSINESS

Exchange rates tipped for shaky 2021

Business, Pathom Sangwongwanich, Published on 08/01/2021

» Volatility and malleability are key themes for this year's foreign exchange outlook, with the baht projected to appreciate further, fuelled by Thailand's surpluses in trade and current accounts, say economists.

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THAILAND

BoT moves to curb strengthening baht

News, Pathom Sangwongwanich, Published on 21/11/2020

» The Bank of Thailand has liberalised foreign currency deposits and increased the investment limit in foreign securities for individuals to US$5 million (165 million baht) per year from US$200,000 as part of efforts to curb the rapid appreciation of the baht and forge a new foreign exchange ecosystem.

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BUSINESS

Bank of Thailand: More than one solution

Business, Pathom Sangwongwanich, Published on 03/03/2020

» Concerns over the economy entering a technical recession have overshadowed the importance of addressing possible adverse effects on employment from the Covid-19 outbreak, says the Bank of Thailand.

BUSINESS

SET delists EARTH for failure to report

Business, Pathom Sangwongwanich, Published on 03/09/2019

» The Stock Exchange of Thailand (SET) will officially delist shares of coal miner Energy Earth Plc (EARTH) on Sept 20 due to the company's failure to submit financial statements within the SET's deadline.

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BUSINESS

ADB lowers outlook for GDP growth

Business, Pathom Sangwongwanich, Published on 19/07/2019

» Thailand's GDP is set to grow by less than 4% this year and next after the first-quarter growth downturn and the sharp export slowdown provided a backdrop of subdued momentum going forward, says the Asian Development Bank (ADB).

BUSINESS

SEC warns investors about Energy Earth's coal mines

Business, Pathom Sangwongwanich, Published on 28/06/2019

» The Securities and Exchange Commission (SEC) has cautioned investors to take into account the valuation of two Indonesian coal mines reportedly owned by embattled Energy Earth before resuming investment in the company's shares.

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THAILAND

SEC fines IFEC execs for insider trades

Business, Pathom Sangwongwanich, Published on 24/08/2018

» The Securities and Exchange Commission (SEC) has imposed civil fines on current and former executives of Inter Far East Energy Corporation Plc (IFEC) on grounds of insider trading.

BUSINESS

PwC doubtful over Energy Earth lawsuit-related debt

Business, Pathom Sangwongwanich, Published on 14/09/2017

» Financially beleaguered Energy Earth Plc submitted its special audit report late Tuesday, with the auditor expressing doubt over the estimated debt incurred from nine lawsuits, as the auditing process was not standardised.

BUSINESS

Energy Earth forges deal with creditors

Business, Pathom Sangwongwanich, Published on 09/09/2017

» Financially beleaguered Energy Earth Plc has come to terms with its main creditors on a debt resolution under the company's business rehabilitation plan, potentially letting Energy Earth continue its business operations.

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BUSINESS

Paying for progress

Asia focus, Pathom Sangwongwanich, Published on 22/05/2017

» The last few decades have brought remarkable improvements across Asia in terms of transport networks, electricity generating capacity, telecommunications and access to clean water, among other essentials. Better quality infrastructure has improved people's lives and provided the impetus for a new wave of economic growth. But much more remains to be done.