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Search Result for “thailand”

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BUSINESS

Asian equities jump on Fed hints

Business, Nareerat Wiriyapong, Published on 03/02/2023

» Asian stock markets broadly advanced on Thursday as currencies rose following Federal Reserve chairman Jerome Powell mention that the US central bank might soon shift its focus from taming inflation to curbing the economic slowdown.

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BUSINESS

Zipmex predicts crypto rebound in 2025

Business, Nareerat Wiriyapong, Published on 27/01/2023

» The likelihood of an economic recession this year could delay the recovery of the digital asset industry by another year to 2025, says a source from Asian crypto exchange Zipmex, noting the recent surge in prices could be short-lived.

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BUSINESS

Asia tracks Wall Street decline

Business, Nareerat Wiriyapong, Published on 16/12/2022

» The Stock Exchange of Thailand (SET) and most Asian bourses sagged yesterday, tracking overnight declines on Wall Street, as the Federal Reserve reiterated that US interest rates next year will be higher than previous market estimates, raising fears of a recession.

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BUSINESS

Axa predicts substantial revenue growth

Business, Nareerat Wiriyapong, Published on 07/12/2022

» Axa Insurance Plc, a Thai unit of the France-based global insurer Axa Group, aims to increase its revenue to 5.2 billion baht in 2023, up from an estimated 4.8 billion this year, by focusing on new products and expanding ties with strategic partners.

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BUSINESS

SET rides Asian market upswell

Business, Nareerat Wiriyapong, Published on 02/12/2022

» The Stock Exchange of Thailand (SET) joined an Asian rally yesterday, a day after Thailand lifted its key interest rate, as investors took heart from the Federal Reserve chairman's remarks on US rate hikes and signs China is easing its Covid-19 measures.

BUSINESS

Study puts spotlight on green finance

Business, Nareerat Wiriyapong, Published on 29/11/2022

» Fostering sustainable financing to help the country move towards net-zero carbon emissions and expanding digital assets are among the major roles the Thai capital market is to focus on over the next five years to enhance its competitiveness and support overall economic growth, a recent study revealed.

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BUSINESS

Bitkub seeks local partner for overseas expansion

Business, Nareerat Wiriyapong, Published on 26/11/2022

» Bangkok-based Bitkub Capital Group Holdings Co has been in talks with prospective local partners in Southeast Asia regarding plans to expand beyond Thailand next year, says founder and group chief executive Jirayut Srupsrisopa.

BUSINESS

MORE to proceed with capital increase

Business, Nareerat Wiriyapong, Published on 23/11/2022

» More Return Plc (MORE) insisted on Tuesday it would continue with a plan to raise capital amid an ongoing investigation into suspicious transactions of its shares that prompted the Stock Exchange of Thailand (SET) to suspend trade of the stock last week.

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BUSINESS

Tourism ministry seeks B8.7bn economic 'booster shot'

Business, Nareerat Wiriyapong, Published on 15/11/2022

» LONDON: The Tourism and Sports Ministry is planning to ask the cabinet this month for a budget of 8.7 billion baht to support the tourism industry, saying a "booster shot" is required for Thailand to attract 18-20 million tourists next year.

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BUSINESS

SET suspends trading in MORE shares

Nareerat Wiriyapong, Published on 14/11/2022

» The Stock Exchange of Thailand (SET) on Monday suspended trading in More Return Plc (MORE) shares after the energy, water and property-related company was reportedly involved in irregular trading of its stock on Thursday and Friday last week.