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BUSINESS

SEC: Bitcoin futures are kosher

Business, Pathom Sangwongwanich, Published on 11/01/2018

» Despite allowing Thai investors to speculate on bitcoin via an international global derivatives trading service, the Securities and Exchange Commission (SEC) has insisted bitcoin futures is a regulated futures contract even as bitcoin itself is not legal tender in Thailand.

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BUSINESS

Private sector urges BoT to act on baht

Business, Lamonphet Apisitniran, Published on 11/01/2018

» The private sector has asked the government and the Bank of Thailand to hold a meeting on finding ways to curb the baht's rapid gains, which is putting the baht among the top-performing currencies in Asia.

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BUSINESS

Market players jot wish list for SET boss

Business, Nuntawun Polkuamdee, Published on 11/01/2018

» With the application period for the new president of the Stock Exchange of Thailand (SET) coming to a close next Monday, market participants want to see a qualified candidate who can comprehend the changing technological landscape and pledge corporate governance as a core mantra.

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BUSINESS

Thailand IPO and M&A activity to peak in 2019

Business, Published on 10/01/2018

» Thailand's dealmaking cycle is predicted to peak in 2019, with the value of both mergers and acquisitions (M&A) and initial public offerings (IPO) forecast to climb over the next two years, before easing back in 2020, according to the third edition of the Global Transactions Forecast, issued by Baker McKenzie and Oxford Economics.

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BUSINESS

SCB to provide QR payment at Shell outlets

Business, Pitsinee Jitpleecheep, Published on 10/01/2018

» Shell Company of Thailand is furthering the government's national e-payment strategy by joining hands with Siam Commercial Bank (SCB) to provide cashless payment services at its petrol stations, convenience stores and coffee shops.

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BUSINESS

SCB looking into launching e-market platform on app

Business, Somruedi Banchongduang, Published on 10/01/2018

» Siam Commercial Bank (SCB) is studying launching its own e-marketplace after the Bank of Thailand conducted a public hearing on the platform, says a senior official.

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BUSINESS

SEC offers new API system for information disclosure

Business, Published on 10/01/2018

» The Securities and Exchange Commission (SEC) has announced information disclosure on the capital market through the SEC application programming interface (API) to enhance the private sector's access channels for data analysis.

BUSINESS

Breaking the gridlock in project financing

Business, Wirot Poonsuwan, Published on 09/01/2018

» An assignment of all construction and supply contracts is invariably an essential element of the security package required by syndicates of Thai banks for financing large construction projects. These include metropolitan mass-rapid rail transit, toll roads, provincial power plants, industrial facilities in the Eastern Economic Corridor, offshore oil and gas platforms, mixed-use commercial and residential complexes in the capital's central business district, and others.

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BUSINESS

Thai banks forecast at least 4% growth for 2018

Business, Somruedi Banchongduang, Published on 09/01/2018

» The research houses of two Thai banks have painted an upbeat picture for the country's economic growth in 2018, forecasting its pace will be at least 4%, underpinned by exports, domestic investment and tourism.

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BUSINESS

Ministry eyes innovation loan

Business, Chatrudee Theparat, Published on 09/01/2018

» The Science and Technology Ministry plans to ask for cabinet approval to borrow US$300 million (9.67 billion baht) from the Asian Development Bank (ADB) to promote science, technology and innovation, to support the government's much-touted Thailand 4.0 scheme.