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BUSINESS

SEC strips Asia Wealth of securities business licence

Business, Nuntawun Polkuamdee, Published on 02/06/2023

» The Finance Ministry has revoked a securities business licence of Asia Wealth Securities (AWS), as proposed by the Securities and Exchange Commission (SEC) for misuse of client funds without permission.

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BUSINESS

New government urged to avoid excessive spending

Business, Nuntawun Polkuamdee, Published on 31/05/2023

» The stock market will be gripped by panic if the new government is "addicted to budget deficits", raising doubts about fiscal sustainability, says Kiatnakin Phatra Securities (KKP).

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BUSINESS

Asian shares revive after big US tech rally

Business, Nuntawun Polkuamdee, Published on 29/04/2023

» RECAP: Shares in Asia rallied yesterday after robust earnings from tech giants Meta, Microsoft and Alphabet buoyed Wall Street, where the S&P 500 had its best day since the first week of the year.

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BUSINESS

Asian markets rally amid thin Easter weekend trade

Business, Nuntawun Polkuamdee, Published on 08/04/2023

» RECAP: Most Asian markets rallied yesterday after a sell-off the previous day in reaction to more evidence of a US economic slowdown. Trade was thin as many Western markets observed the Good Friday holiday.

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BUSINESS

Regulator orders Zipmex to clarify deal payments

Business, Nuntawun Polkuamdee, Published on 28/03/2023

» The Securities and Exchange Commission (SEC) yesterday ordered cryptocurrency exchange Zipmex to clarify news that emerged on Friday regarding its Singapore parent not receiving the latest payment under its buyout agreement with venture capital firm V Ventures Technologies.

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BUSINESS

Regulator orders Zipmex to clarify deal payments

Nuntawun Polkuamdee, Published on 27/03/2023

» The Securities and Exchange Commission (SEC) on Monday ordered cryptocurrency exchange Zipmex to clarify news that emerged on Friday regarding its Singapore parent not receiving the latest payment under its buyout agreement with venture capital firm V Ventures Technologies.

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BUSINESS

SET rides Asian rebound as bank worries ease

Business, Nuntawun Polkuamdee, Published on 18/03/2023

» RECAP: Asian equities advanced yesterday after a rescue package for First Republic Bank fuelled a rebound in US shares. Even so, the MSCI gauge of Asian shares recorded a second weekly loss after the recent turbulence in the global banking sector.

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BUSINESS

Asia follows Wall Street down, SET falls below 1,600

Business, Nuntawun Polkuamdee, Published on 11/03/2023

» RECAP: Asian shares slumped on Friday, with the SET closing below 1,600 points, following a sharp decline on Wall Street amid concern that pockets of trouble in the US banking sector could portend broader dangers.

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BUSINESS

Equities soar as US inflation shows signs of easing

Business, Nuntawun Polkuamdee, Published on 12/11/2022

» RECAP: Asian shares jumped yesterday as slowing US inflation and an easing of some Chinese Covid quarantine rules triggered a relief rally. The MSCI Asia Pacific Index climbed as much as 3.5%, on track for its best weekly gain since April 2020.

BUSINESS

SEC warns public CoinEx lacks necessary licence

Business, Nuntawun Polkuamdee, Published on 18/10/2022

» Cryptocurrency CoinEx has not received a licence from the Securities and Exchange Commission (SEC) to operate a digital asset business in Thailand, says the regulator, which also warned the public and investors to be careful if they opt to use the service as it is not protected by law.