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Search Result for “damage”

Showing 1 - 10 of 36

BUSINESS

Association plans to set up Natural Catastrophe Fund

Nareerat Wiriyapong, Published on 23/12/2025

» The Thai General Insurance Association (TGIA) plans to establish a permanent Natural Catastrophe Fund in the first half of 2026 amid increasingly frequent and severe natural disasters in the country, with an initial sum of 50 billion baht.

BUSINESS

Pundits assess disaster's impact on Thai growth

Business, Nareerat Wiriyapong, Published on 03/12/2025

» The final impact of the devastating floods in the South on GDP growth will depend on the speed of recovery and reconstruction, say analysts, as the government could expedite disaster relief cash handouts to affected households in the less prosperous region.

BUSINESS

Analysts: War threatens Thai economy

Business, Nareerat Wiriyapong, Published on 30/06/2025

» Amonthep Chawla, chief economist at CIMB Thai Bank (CIMBT), said even though tensions have eased, the ongoing conflicts in the Middle East remain a threat to the Thai economy, in addition to US President Donald Trump's tariffs and the border dispute with Cambodia.

BUSINESS

KEX Express shares jump 20% on delisting news

Nareerat Wiriyapong, Published on 02/05/2025

» Shares of KEX Express (Thailand), formerly known as Kerry Express, jumped nearly 20% on Friday after it announced plans to delist from the Stock Exchange of Thailand on completion of a tender offer by major shareholder SF International Holding (Thailand), or SFTH.

BUSINESS

Analysts estimate widespread tariff damage

Business, Nareerat Wiriyapong, Published on 04/04/2025

» Stock market analysts anticipate the US reciprocal tariff, which was higher than market estimates, could reduce Thai GDP by up to 1.2 percentage points, though a severe impact may prompt the Bank of Thailand cut interest rates to revitalise the economy.

BUSINESS

ITD, property lead drop in Thai stock market

Business, Nareerat Wiriyapong, Published on 01/04/2025

» Shares of Italian-Thai Development (ITD) and property development companies led the decline of the Stock Exchange of Thailand (SET) index on Monday following Friday's major earthquake, with an analyst suggesting short-term psychological impact would last for a couple of days.

BUSINESS

Thai stocks face further falls amid oil and banking woes

Business, Nareerat Wiriyapong, Published on 30/01/2025

» The Stock Exchange of Thailand (SET) index risks falling below 1,300 points after testing a low of 1,335 on Tuesday, as oil-related stocks continue to drag down the bourse, while banking stocks may be affected by the Cyber Security Act, say analysts.

BUSINESS

ASPS sees interest rate cut in June

Business, Nareerat Wiriyapong, Published on 24/04/2024

» The Bank of Thailand is expected to cut interest rates only once this year, at its June meeting, propping up the Stock Exchange of Thailand (SET) index from a low of about 1,350 points at present to a high of 1,450 points this quarter, according to Asia Plus Securities (ASPS).

BUSINESS

TCG Social Media files lawsuit against JKN Global

Business, Nareerat Wiriyapong, Published on 25/11/2023

» TCG Social Media Group, a gold-backed cryptocurrency platform, has filed a lawsuit against JKN Global Group demanding the owner of the Miss Universe Organization pay 1 billion baht in damages, as well as additional charges for asset embezzlement.

BUSINESS

Crypto platform TCG sues Miss Universe owner JKN over coin scam

Nareerat Wiriyapong, Published on 24/11/2023

» TCG Social Media Group, the gold-backed cryptocurrency platform, has filed a lawsuit against JKN Global Group (JKN), demanding the owner of the Miss Universe Organization pay 1 billion baht in damages, as well as additional charges of asset embezzlement.