Showing 1 - 10 of 11
TMB, TBank talk merger
Business, Published on 28/12/2018
» Talks of a potential merger between TMB Bank and Thanachart Bank (TBank), including the possibility that the Finance Ministry will inject fresh funds to maintain its shareholding in TMB, are expected to be concluded by the end of January.
Deposits mulled for bidder appeals
Wichit Chantanusornsiri, Published on 06/10/2018
» The Comptroller-General’s Department may require losing bidders who appeal auction results to deposit money as a way to prevent unjustified petitions that lead to delays in budget disbursement.
Panel: Economy firing on all cylinders
Business, Published on 08/02/2018
» The Thai economy is proceeding at full throttle this year, propelled by four active engines: state investment, private investment, exports and household consumption, says Deputy Prime Minister Somkid Jatusripitak.
US politics dent sentiment but energy shares lift set
Business, Published on 22/05/2017
» Recap: Asian stock markets retreated in response to a ballooning political crisis in Washington, with reports that President Donald Trump tried to interfere with an investigation into his campaign's links with Russia before firing his FBI chief. The Thai stock market outperformed a bit as buying in heavyweight energy stocks offset a selling spree in banks expected to be hurt by lending rate cuts.
Syria and Trump-Xi talks keep investors on sidelines
Business, Published on 10/04/2017
» Recap: Markets were rattled late last week after US cruise missiles struck a Syrian air base, while global investors moved to the sidelines pending the outcome of talks between US President Donald Trump and Chinese President Xi Jinping. Safe-haven assets such as the yen and gold soared and oil prices also surged. The formal promulgation of the country's 20th constitution, ensuring an election sometime late next year, helped keep the Thai stock market in a rangebound trade.
Weakness in europe keeps global equities subdued
Business, Published on 31/10/2016
» Recap: Global equities were affected by poor sentiment led by European stocks, which fell for the entire week on disappointing corporate results. The European Central Bank is expected to now consider further stimulus to spur the lacklustre euro zone. The US Federal Reserve, meanwhile, is seen as moving closer to raising interest rates as third-quarter GDP growth of 2.9% exceeded expectations.
Equities hit by us interest rate speculation again
Business, Published on 05/09/2016
» Recap: Higher prospects for a US interest rate increase this year roiled global stock markets last week before the release of tepid job data on Friday weakened the case for any change. The Thai bourse faced selling pressure on Friday as investors cashed out for fear that capital inflows to Thailand would reverse, as has been seen in some other markets in Southeast Asia.
Rate cuts, stimulus moves help propel global stocks
Business, Published on 08/08/2016
» Recap: An interest-rate cut and new quantitative easing plans by the Bank of England, along with additional stimulus in Japan, helped propel global stock markets last week. In the US, stocks jumped on Friday in response to healthy employment data, which helped offset a weak manufacturing report earlier.
IMF backs fiscal plan
Business, Pathom Sangwongwanich, Published on 08/12/2015
» The government's infrastructure investment plans are not expected to pose a threat to Thailand's fiscal health, as authorities have taken several steps to uphold financial discipline, says the International Monetary Fund (IMF).
Good week for stocks as concerns EASE about fed
Business, Published on 23/11/2015
» Recap: The deadly attacks in Paris and minutes of the October Federal Reserve meeting, which appeared to point to a December interest-rate increase, rattled global stock markets early last week. However, investors went on a buying spree later as they took a deeper look at the Fed minutes and concluded any action would be gradual. Better-than-expected GDP data for Thailand in the third quarter also lent some support to Thai shares.