Showing 11 - 20 of 577
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 set for potential EA cross-default
Business, Somruedi Banchongduang, Published on 18/07/2024
» Banks are expected to set aside over 10 billion baht in total loan loss provisions for embattled Energy Absolute (EA) if the company faces a cross-default, according to UBS Securities (Thailand).
Why Bua Noi needs a sanctuary
Oped, Published on 17/07/2024
» Animals at Pata Zoo in Bangkok are condemned to prison for life. Among them is Bua Noi, a gorilla whose existence has been reduced to staring blankly at a television screen from her enclosure, as seen in a viral video. This isn't the life she deserves. Gorillas need freedom, not television.
Ailing EA seeks strategic partner
Business, Published on 16/07/2024
» Embattled Energy Absolute (EA) is seeking a strategic partner to help it with debts of 19.5 billion baht due this year, after a credit downgrading caused the SET-listed renewable energy company difficulty in mobilising fresh funds via bond issuance.
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.
WEH's 6.75% Bonds Approved by SEC
Published on 11/07/2024
» The Securities and Exchange Commission (SEC) has approved the filing of Wind Energy Holding Company Limited to offer 2-year debentures maturing in 2026, with an interest rate of 6.75% per annum. The total value is not exceeding 500 million baht, offered to institutional investors and/or high net worth investors. The subscription period is set for July 11-12 and 15. The funds will be used for business expansion and development of new projects both domestically and internationally.
Shiba Shootout Launches Presale and Surpasses $500K in Days – Could It Be the Next Shiba Inu?
Published on 10/07/2024
» The Doge-themed crypto era continues with Shiba Shootout ($SHIBASHOOT), rapidly establishing itself in the community through its successful presale launch.
Investors Confident in Double A Bonds
Published on 05/07/2024
» Double A (1991) Public Company Limited, led by Yothin Dumnernchanvanit, President of Double A (1991) Public Company Limited, has quickly sold out bonds worth 2.5 billion baht, reflecting investor confidence in the company's strength and growth potential, as well as trust in Thailand's capital market. The company successfully issued and offered its bonds from 1-4 July 2024, with demand exceeding the 2.5 billion baht offering. Both bond series—Series 1 with a 3-year 9-month term at a fixed interest rate of 4.95% per annum, and Series 2 with a 7-year term at a fixed interest rate of 5.80%—were sold out quickly. This move aligns with the company’s commitment to conducting business in alignment with ESG principles—environmental, social, and governance—to continue being a leading quality brand cherished by consumers worldwide.
True Corp taking out first yen loan
Published on 27/06/2024
» True Corp, the country’s largest mobile phone operator, is syndicating its first yen-denominated sustainability-linked loan in a bid to cut financing costs as dollar interest rates remain high, according to people familiar with the matter.
Developing a strategy resilient to risk
Business, Wichit Chantanusornsiri, Published on 15/06/2024
» The original description of an economic cycle estimated it lasted for roughly a decade and included one crisis per cycle. Given recent severe global volatility, this definition no longer holds true.