Showing 1 - 10 of 3,924
Asian shares recover on hopes for policy support
Business, Published on 01/06/2024
» RECAP: Asian stocks recovered on Friday after a three-day selling streak, boosted by a decline in US Treasury yields and weakness in the dollar amid optimism for more policy support after disappointing economic data from the US, China and Japan.
Light at the end of the tunnel for global economy
Business, Published on 01/06/2024
» Entering the middle of the second quarter, the world economy has begun to signal a more coordinated recovery. Preliminary composite Purchasing Managers' Index (PMI) readings for May recovered in the US, the euro zone, Japan and other large economies, indicating global economic growth is expanding more broadly.
SCB CIO sees LTF benefits as steadying market influence
Business, Nareerat Wiriyapong, Published on 31/05/2024
» SCB Chief Investment Office (CIO) believes reinstating long-term equity funds (LTFs) to promote long-term savings would help reduce volatility from short selling and curb capital outflow, bringing in net inflow of 40-50 billion baht to the Thai stock market.
Leaders laud ESG business strategy
Business, Published on 31/05/2024
» Environmental, social and governance (ESG) factors profoundly influence both the global economy and society. To investigate the role of these factors, the Bangkok Post organised an annual conference titled "Greening The Future: ESG Leadership in the Sustainability Revolution", inviting business leaders from a diverse range of companies to share their insights on the topic.
GSB Grants 48 Billion Baht on ESG Scores
Published on 30/05/2024
» Government Savings Bank, led by Paphakorn Ratanasate, Senior Executive Vice President, stated, “Government Savings Bank has adhered to our commitment as a Social Bank, proceeding with sustainable operations covering environment, society, and governance aspects through Green Finance. For the first time, the banking business has engaged an organisation's ESG Score as part of the credit loan approval process. Large-sized business customers are our preliminary group for GSB to enable credit approval alongside special interest rate reduction conditions for organisations accredited with a good ESG score by operating businesses focused on society, community, and environment.”
New finance minister a calming influence
Published on 29/05/2024
» SINGAPORE - Thailand’s new finance minister has caught investor attention with a more conciliatory approach to the central bank, opening a window for policy coordination to support the country’s battered markets.
Strong first quarter for listed companies
Business, Nareerat Wiriyapong, Published on 29/05/2024
» A rebound in tourist arrivals has supported listed companies on the Stock Exchange of Thailand (SET) as they reported sales growth of 4.6% year-on-year in the first quarter to 4.4 trillion baht (roughly US$129 billion), with net profit edging up 1.7% to 265 billion baht.
Call for action on real estate loans
Business, Wichit Chantanusornsiri, Published on 28/05/2024
» The National Economic and Social Development Council (NESDC), the state planning unit, has urged financial institutions to adopt proactive policies in restructuring real estate loans following a sharp rise in the rate of non-performing loans (NPLs) for this type of credit.
An alternative path to growth
Business, Published on 27/05/2024
» Newly appointed Finance Minister Pichai Chunhavajira is taking a less hostile stance towards the Bank of Thailand than the premier, aiming to better coordinate fiscal and monetary policies.
Operators vie with inflation, high interest rates
Business, Molpasorn Shoowong, Published on 27/05/2024
» Despite an upbeat projection for the Thai tourism industry, some businesses are struggling with high inflation and elevated interest rates, which require government action to remedy, according to Onyx Hospitality Group.