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Search Result for “Bankruptcy”

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BUSINESS

Miss Grand International presses on with risk-laden JKN deal

Business, Nuntawun Polkuamdee, Published on 13/11/2025

» SET-listed Miss Grand International (MGI) is proceeding with its plan for a conditional subscription in the debt-ridden content provider JKN Global Group (JKN), though analysts warn of deeper structural risks.

BUSINESS

Court to declare former Stark executive bankrupt

Nuntawun Polkuamdee, Published on 30/10/2025

» The Central Bankruptcy Court is set to issue a ruling declaring Vonnarat Tangkaravakoon, former executive and major shareholder of scandal-plagued Stark Corporation (STARK), bankrupt, with orders to distribute assets to 3,417 creditors whose combined claims total 131.4 billion baht.

BUSINESS

Executives advise caution for EV insurers

Business, Nuntawun Polkuamdee, Published on 09/06/2025

» Thailand's non-life insurance sector is on high alert as reports circulate that a Chinese electric vehicle (EV) manufacturer active in the Thai market may face bankruptcy, hinting that EV insurance is already a loss-making business.

BUSINESS

Jitta Wealth touts beaten down Chinese stock funds

Business, Nuntawun Polkuamdee, Published on 16/02/2024

» Foreign mutual funds that invest in China have posted negative returns as the property crisis drags on, but analysts believe the mainland still holds long-term investment potential as prices of quality stocks there have fallen to the lowest level in five years.

BUSINESS

Syn Mun Kong Insurance likely has 60 days to solve woes

Business, Nuntawun Polkuamdee, Published on 19/12/2023

» The Office of the Insurance Commission (OIC) is expected to give Syn Mun Kong Insurance Plc (SMK) 60 days to solve its liquidity problems and raise capital, but the regulator said the ailing insurer is unlikely to meet the deadline.

BUSINESS

Stock investor confidence hits 7-month high in August

Business, Nuntawun Polkuamdee, Published on 07/09/2023

» The Investor Confidence Index (ICI) rose to a seven-month high in August as stock investors were hopeful the formation of a new government and likely economic stimulus measures would revive the Thai economy, already backed by a strong tourism recovery.

BUSINESS

SET gives Pace delisting deadline

Business, Nuntawun Polkuamdee, Published on 03/08/2023

» The Stock Exchange of Thailand (SET) has notified Pace Development Corporation (PACE) to urgently eliminate the grounds for delisting by Sept 1 after its financial conditions and operational performance failed to meet the bourse's requirements for a third year.

BUSINESS

Crypto spikes as SEC reassures public

Business, Nuntawun Polkuamdee, Published on 12/04/2023

» The price of Bitcoin surpassed US$30,000 on Tuesday, the highest level in 10 months, becoming the asset with the highest return year-to-date as investors become increasingly optimistic that the United States Federal Reserve (Fed) will soon end its aggressive monetary tightening.

BUSINESS

China optimism lifts Asian equities

Business, Nuntawun Polkuamdee, Published on 07/01/2023

» RECAP: Asian equities advanced on Friday amid hopes for China's emergence from the pandemic and an economic lift from renewed travel from the mainland.

BUSINESS

SEC readies stricter rules for digital assets

Business, Nuntawun Polkuamdee, Published on 13/12/2022

» The Thai Securities and Exchange Commission (SEC) is preparing to impose more stringent regulations on digital assets to mirror the global market, with the aim of increasing investor protection.