Showing 1 - 10 of 11
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.
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.
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.
US banks on edge after rate hike
Business, Nuntawun Polkuamdee, Published on 06/05/2023
» Economists warn that two more US banks are on the verge of collapse after the Federal Reserve lifted its key interest rates by 0.25% this week, prompting stock prices of American lenders to drop sharply after the hike.
Asian shares gain as bank worries ease
Business, Nuntawun Polkuamdee, Published on 01/04/2023
» RECAP: Asian stock markets advanced yesterday as investors' focus shifted from worries about the global banking system. That followed a revival on Wall Street, where rate-sensitive property and technology stocks led gains on Thursday.
SEC issues warning for Zipmex deals
Business, Nuntawun Polkuamdee, Published on 22/12/2022
» The Securities and Exchange Commission (SEC) is warning investors to carefully review individual agreements proposed by crypto exchange Zipmex before deciding to make a deal with the company.
Investors desert Binance
Business, Nuntawun Polkuamdee, Published on 15/12/2022
» Thai cryptocurrency pundits are recommending investors withdraw digital assets from Binance amid a run on the world's largest crypto exchange, moving their money to a safer crypto exchange in Thailand regulated by the Securities and Exchange Commission (SEC).
Listed crypto miners post H1 losses
Business, Nuntawun Polkuamdee, Published on 29/08/2022
» Several listed crypto mining companies reported operating losses in the first half of this year as crypto prices tanked, forcing many crypto platforms to go bankrupt.
Fetco warns of recession, urges action
Business, Nuntawun Polkuamdee, Published on 23/07/2021
» Paiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organizations (Fetco), has urged the government to accelerate economic stimulus and temporarily raise the public debt ceiling to 70-75% of GDP, or borrow an additional 800 billion to 1 trillion baht to help the country weather the pandemic.
Casting a wary eye towards the future
Business, Nuntawun Polkuamdee, Published on 03/04/2020
» Having outlived two economic crises that produced disastrous outcomes for the global economy, stockbroker turned food and drink entrepreneur Sirivat Voravetvuthikun has a warning: the coronavirus pandemic could be the worst economic crisis of his lifetime, posing an explicit danger to Thailand's economic well-being.