Showing 1 - 10 of 21
Stocks rise as political fears subside
Business, Nareerat Wiriyapong, Published on 19/05/2023
» The Stock Exchange of Thailand (SET) returned to positive territory on Thursday after falling for three consecutive days following Sunday's election, with the victorious Move Forward Party (MFP) announcing a plan to form a coalition government with 313 members of parliament.
Fitch upbeat on post-poll outlook for bank sector
Business, Nareerat Wiriyapong, Published on 18/05/2023
» Pro-growth policies and the absence of protests after the election are positive signs for Thai banks and the economy, but uncertainties remain as the winning parties try to form a coalition government, says global financial information provider Fitch Group.
Gold demand surges amid jitters
Business, Nareerat Wiriyapong, Published on 11/05/2023
» Global demand for gold among investors is growing this year thanks to turmoil in the banking sector, geopolitical tensions and a challenging economic environment, leading more people to flock to the precious metal as a safe-haven asset, says the World Gold Council (WGC).
SET upbeat after Fed hikes rates
Business, Nareerat Wiriyapong, Published on 24/03/2023
» The Thai stock market traded higher on Thursday, bucking overnight drops on Wall Street as most regional bourses were sanguine following Federal Reserve hints that further tightening is possible, while Treasury Secretary Janet Yellen said there is no plan for "blanket" deposit insurance.
Regional banks safe from US contagion
Business, Nareerat Wiriyapong, Published on 18/03/2023
» Asia-Pacific banks are resilient to risks related to the failures of their US peers, says Fitch Ratings, noting that regional banks have limited direct exposure to Silicon Valley Bank (SVB) and Signature Bank.
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.
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.
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.
Hun Sen's diplomatic test in Myanmar
Asia focus, Nareerat Wiriyapong, Published on 13/12/2021
» As chair of the Association of Southeast Asian Nations (Asean) for 2022, Cambodia seems keen to lead the 10-member bloc to help tackle the ongoing political and humanitarian crisis in Myanmar.
Assertive Asean more vital than ever
Asia focus, Nareerat Wiriyapong, Published on 01/11/2021
» While Myanmar's "unusual crisis" dominated talks at the summits of Asean and its dialogue partners last week, the group's centrality and relevance in the new world order were also highlighted as the 10-country bloc has been dealing with critical challenges both at home and abroad.