Showing 1 - 10 of 62
Exchange rates tipped for shaky 2021
Business, Pathom Sangwongwanich, Published on 08/01/2021
» Volatility and malleability are key themes for this year's foreign exchange outlook, with the baht projected to appreciate further, fuelled by Thailand's surpluses in trade and current accounts, say economists.
BoT moves to curb strengthening baht
News, Pathom Sangwongwanich, Published on 21/11/2020
» The Bank of Thailand has liberalised foreign currency deposits and increased the investment limit in foreign securities for individuals to US$5 million (165 million baht) per year from US$200,000 as part of efforts to curb the rapid appreciation of the baht and forge a new foreign exchange ecosystem.
SET trading halted again
Pathom Sangwongwanich, Published on 13/03/2020
» Trading on the Stock Exchange of Thailand board was halted on Friday morning, for the second straight day, as a circuit breaker was triggered following a 10% plunge.
KTBST prepares for SET listing in 2020
Business, Pathom Sangwongwanich, Published on 26/12/2019
» KTB Securities Thailand (KTBST) plans to submit an IPO filing next year to list on the Stock Exchange of Thailand following completion of the company's business restructuring, with the launch of a personal loan and debt correction clinic unit scheduled for early 2020.
Goldman Sachs says 2020 global recession unlikely
Business, Pathom Sangwongwanich, Published on 14/11/2019
» Despite the manufacturing sector's troubles and Sino-US trade tensions, the prospects of a global economic recession occurring next year are low as fundamentals drivers of growth in major economies still remain healthy, says Goldman Sachs Asset Management.
Thai Union net profit falls on impairments
Business, Pathom Sangwongwanich, Published on 06/11/2018
» SET-listed Thai Union Plc (TU), the world's biggest exporter of canned and frozen tuna, reported a considerable dip in both third-quarter and nine-month net profits because of asset impairment charges and weak first-quarter results.
World Bank sees growth let-up
Business, Pathom Sangwongwanich, Published on 07/06/2018
» Thailand's GDP growth is forecast at 3.8% for both 2019 and 2020, down from an expected 4.1% this year, the World Bank says, citing the gradual structural slowdown in China.
TU posts 14.6% profit surge as 2017 sales hit record high
Business, Pathom Sangwongwanich, Published on 21/02/2018
» SET-listed Thai Union Group (TU), the world's biggest canned and frozen tuna exporter, Tuesday reported a fiscal 2017 net profit of 6 billion baht, up 14.6%, propelled by record-high sales.
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.
Prevention and cure
Asia focus, Pathom Sangwongwanich, Published on 22/05/2017
» Two decades have passed since the economic bubble burst and escalated into the 1997 Asian financial crisis, but vivid memories of the calamity linger to this day. The hard lessons learned have led policymakers and households alike to be more prudent as well as properly prepared for future turbulence.