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BUSINESS

SEC files charges against Stark Corp for misconduct

Business, Nareerat Wiriyapong, Published on 07/07/2023

» The Securities and Exchange Commission (SEC) has filed charges with the Department of Special Investigation (DSI), accusing Stark Corporation and nine others, including the company's largest shareholder, of financial misconduct.

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BUSINESS

New House speaker propels Thai stocks

Business, Nareerat Wiriyapong, Published on 05/07/2023

» The Stock Exchange of Thailand (SET) rebounded modestly on Tuesday as investors hailed the selection of a House speaker as a breakthrough in the political impasse, ahead of the parliamentary vote for a new prime minister later this month.

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BUSINESS

The Stark reality of a company in decline

Business, Nareerat Wiriyapong, Published on 05/07/2023

» As the public awaits clarity on the formation of a new government, investor confidence is trying to rebound from the plunge caused by alleged fraud at Stark Corporation.

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BUSINESS

Bourse edges down amid global jitters

Business, Nareerat Wiriyapong, Published on 28/06/2023

» Uncertainty in Russia and loan defaults in China's property sector must be closely watched because they could drag down the Stock Exchange of Thailand (SET) index, which remains under 1,500 points, say analysts.

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BUSINESS

Thai stock index remains low amid foreign sell-off

Business, Nareerat Wiriyapong, Published on 24/06/2023

» The Stock Exchange of Thailand (SET) index slipped below 1,500 points in early trading hours yesterday, then traded near the 1,500-point mark for most of the day as foreigners continued to sell Thai shares amid interest rate hikes and political uncertainty.

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BUSINESS

Delta blames volatility on external factors

Business, Nareerat Wiriyapong, Published on 22/06/2023

» Delta Electronics (Thailand) informed the Stock Exchange of Thailand (SET) the company's share price fluctuations were caused by external factors and its financial fundamentals remained robust, as the stock continued to sway on Wednesday.

BUSINESS

Stark asks for more time for special audit report

Business, Nareerat Wiriyapong, Published on 15/06/2023

» Stark Corporation has asked the Securities and Exchange Commission (SEC) to delay the deadline for the submission of its special audit report by another 30 days from Friday, but indicated it is prepared to file its 2022 financial statement on July 16, as required by the regulator.

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BUSINESS

MGC-Asia morphs into a lifestyle mobility company

Business, Nareerat Wiriyapong, Published on 10/06/2023

» SET-listed auto retailer Millennium Group Corporation (MGC-Asia) is no stranger to business diversification.

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BUSINESS

Investor confidence takes a nosedive

Business, Nareerat Wiriyapong, Published on 08/06/2023

» The investor confidence index retreated to bearish territory for the first time in eight months in May as political conflicts and an economic slowdown undermined sentiment, suppressing the positive impact of a tourism recovery, says the Federation of Thai Capital Market Organizations (Fetco).

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BUSINESS

Analysts anticipate more rate hikes

Business, Nareerat Wiriyapong, Published on 03/06/2023

» The Bank of Thailand is likely to continue to raise interest rates this year to curb rising inflationary pressures, though such increases could hurt the stock market and the economy, say analysts.