Showing 1 - 10 of 11
Bank of Thailand rate cuts expected as US economy slows this year
Business, Nareerat Wiriyapong, Published on 13/08/2024
» The US economy is expected to enter a cyclical slowdown from late 2024 through to 2025, leading the Bank of Thailand to cut its policy rate by as much as 1.5 percentage points next year alone, says KGI Securities (Thailand).
Ailing EA lands cluster of three-year loans worth B8bn
Business, Nareerat Wiriyapong, Published on 10/08/2024
» Thirteen financial institutions and funds have agreed to provide three-year loans worth 8 billion baht to Energy Absolute Plc (EA) to ease the short-term liquidity crunch faced by the embattled renewable energy firm.
Italian-Thai Development upbeat on funds to wrap up projects
Business, Nareerat Wiriyapong, Published on 10/04/2024
» Cash-strapped Italian-Thai Development (ITD) is confident it will be granted additional financial support from banks to complete more than 100 ongoing construction projects, in addition to bidding for more projects from the now-active fiscal 2024 budget.
SCB Wealth predicts B1tn in new bond issuances this year
Business, Nareerat Wiriyapong, Published on 06/02/2024
» The Thai bond market will remain robust with favourable returns this year thanks to sustained high interest rates, with new issuances estimated at 1 trillion baht, according to financial advisor SCB Wealth.
SJWD plans to spend B2.5bn on expanding network
Business, Nareerat Wiriyapong, Published on 06/02/2024
» SCGJWD Logistics (SJWD), a unit of Siam Cement Group (SCG), is set to invest nearly 2.5 billion baht to acquire shares of logistics companies in Thailand and Malaysia as it expands its logistics and supply chain business in Southeast Asia.
ITD shares plunge amid delays in debentures payment
Nareerat Wiriyapong, Published on 09/01/2024
» Shares of Italian-Thai Development (ITD) plunged by more than 12% on Monday as the contractor said it is planning to postpone for two years the payment of its five tranches of debentures worth a combined 14.5 billion baht.
Sabuy cuts full-year revenue target on global headwinds
Business, Nareerat Wiriyapong, Published on 26/12/2023
» Sabuy Technology, the SET-listed technology aggregator and commerce platform, has downgraded its revenue target this year by nearly half from a forecast of 20 billion baht and trimmed investments, citing global economic headwinds and geopolitical conflicts that have lowered purchasing power in Thailand.
JKN shares plunge as debt holders demand payment
Business, Nareerat Wiriyapong, Published on 07/09/2023
» Shares of JKN Global Group plummeted by more than 8% on Wednesday after representatives of the company's debenture holders demanded cross-defaults from the SET-listed owner of Miss Universe Organization (MUO) to repay debts within 30 days.
Warning issued to corporate bond investors
Business, Nareerat Wiriyapong, Published on 05/09/2023
» The Thai Bond Market Association (ThaiBMA) is urging investors to study related information cautiously before investing in corporate bonds, saying a number of companies have yet to recover from the impacts of the Covid-19 pandemic.
Bourse issues warning to investors over ALL debentures
Business, Nareerat Wiriyapong, Published on 03/08/2023
» The Stock Exchange of Thailand (SET) is warning investors to study and monitor the progress regarding All Inspire Development Plc's (ALL) default on interest payments for its debentures after the MAI-listed property developer announced a default on payments of debts of more than 2.4 billion baht.