Showing 1 - 10 of 358
SET index tumbles as uptick rule comes into effect
Business, Nuntawun Polkuamdee, Published on 02/07/2024
» The Stock Exchange of Thailand (SET) index fell below the psychological support level of 1,300 points on Monday on domestic political uncertainties, while market regulators imposed the uptick rule to increase their supervision of short-selling transactions.
Indorama allots $1.89bn capex for 3 years
Business, Nareerat Wiriyapong, Published on 19/04/2024
» Indorama Ventures (IVL), one of the world's largest petrochemical producers, plans to invest US$1.89 billion (68 billion baht) over three years, noting a gradual recovery of the global petrochemical industry and asset optimisation should enable the company to return to its previous earnings peak by 2026.
Robust growth targets amidst stronger scrutiny
Business, Somruedi Banchongduang, Published on 30/03/2024
» Krungsri Consumer, an unsecured loan unit under Bank of Ayudhya (Krungsri), is committed to prioritising responsible lending practices to control asset quality, even as it sets ambitious growth goals for 2024.
The world moves ahead cautiously
Business, Published on 30/03/2024
» Entering the second quarter, the global economy shows signs of looking better than expected. Purchasing Managers' Index (PMI) readings, a closely watched gauge of the business outlook, are among the economic indicators that are continuing to recover.
Asian investors take profits after upbeat week
Published on 23/03/2024
» RECAP: Most Asian equity markets slipped yesterday on profit-taking after a big rally the day before, but Japan's Nikkei closed at an all-time high, underpinned by record gains on Wall Street overnight, strength in automakers' stocks and a weaker yen.
Delta lays out investment plans
Business, Nareerat Wiriyapong, Published on 13/03/2024
» Delta Electronics (Thailand), the country's largest electronics company by market capitalisation, is set to invest between US$500 million and $1 billion to expand its manufacturing and R&D capacity over a five-year period, with the majority to be allocated to Thailand, says chief executive Victor Cheng.
Bitcoin hits B2m amid crypto boom
Business, Published on 29/02/2024
» The price of Bitcoin topped 2 million baht on the Bitkub digital asset exchange as global prices spiked to a new high of US$59,000 on Wednesday afternoon, amid institutional buying of spot Bitcoin exchange-traded funds (ETFs) and growing retail investor interest in cryptocurrency.
AI frenzy pushes Nvidia value to $2 trillion
Published on 23/02/2024
» NEW YORK - The market value of Nvidia hit $2 trillion on Friday, riding on an insatiable demand for its chips that made the Silicon Valley company the pioneer of the generative artificial intelligence boom.
Sabuy cuts full-year revenue target on global headwinds
Business, Nareerat Wiriyapong, Published on 26/12/2023
» Sabuy Technology, the SET-listed technology aggregator and commerce platform, has downgraded its revenue target this year by nearly half from a forecast of 20 billion baht and trimmed investments, citing global economic headwinds and geopolitical conflicts that have lowered purchasing power in Thailand.
Asian AI adoption to shift gears in 2024
Business, Suchit Leesa-nguansuk, Published on 12/12/2023
» The goal for artificial intelligence (AI) adoption in Asia-Pacific will shift from productivity enhancement to customer engagement in 2024, says technology research firm IDC.