Showing 1 - 10 of 10
Foreigners flee Thai stocks
Business, Nuntawun Polkuamdee, Published on 07/06/2023
» Foreign investors sold nearly 100 billion baht worth of Thai shares in the first five months of this year, including 33.4 billion baht divested in May alone, due to rising global interest rates and uncertainties in forming the new government.
Foreigners flee Thai stocks at rapid rate
Business, Nuntawun Polkuamdee, Published on 02/03/2023
» Foreign investors were net sellers of US$1.1 billion (37 billion baht) worth of shares on the Thai stock exchange in February, the highest value among Asian bourses for the month and the biggest net sell-off on the exchange since April 2020, with several factors pressuring investments, according to analysts.
Stocks across Asia nosedive
Business, Nuntawun Polkuamdee, Published on 13/05/2022
» The Thai bourse plunged yesterday, in line with global stock and cryptocurrency markets, as investors worried the Federal Reserve may implement more aggressive rate hikes to tackle runaway inflation.
Tax may see SET trading value sink
Business, Nuntawun Polkuamdee, Published on 20/01/2022
» Trading value on the Stock Exchange of Thailand (SET) could drop 40% if a capital gains tax on share sales is imposed, with the higher cost driving investors away from the market, says Paiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organizations (Fetco).
Regulator tightens control of NFT trading
Business, Nuntawun Polkuamdee, Published on 07/01/2022
» The Securities and Exchange Commission (SEC) is securing control of the trade of non-fungible tokens (NFTs) as it plans to require operators of NFT marketplaces to apply for a business licence.
Investor funds flee low-tech SET
Business, Nuntawun Polkuamdee, Published on 12/11/2020
» Investors have moved 298 billion baht out of the Stock Exchange of Thailand since the beginning of the year, underlining lingering uncertainties about emerging markets because of the economic downturn and the pandemic.
SET trips on US-China fears, foreigners flee
Business, Nuntawun Polkuamdee, Published on 09/05/2019
» Thai shares plunged almost 1% on Wednesday as the sell-off continued on lingering fears of an escalation in the US-China tariff spat.
TFA, crypto companies to meet with officials
Business, Nuntawun Polkuamdee, Published on 23/05/2018
» The Thai Fintech Association (TFA) and cryptocurrency businesses will meet with financial authorities to discuss tax measures in the digital asset decree, aiming to address fears that stringent taxes will compel these businesses to flee overseas to raise funds.
Crypto fans urge capital gains rethink
Business, Nuntawun Polkuamdee, Published on 17/04/2018
» Crypto enthusiasts and issuers of initial coin offerings have asked the Finance Ministry to delay or waive the capital gains tax to be imposed on ICOs and cryptocurrency trading, aiming to assist the fund-raising process for startups domestically.
B500m limit suggested as mechanism to curb ICO risk
Business, Nuntawun Polkuamdee, Published on 16/03/2018
» The Securities and Exchange Commission (SEC) could impose a cap on funds raised from initial coin offerings (ICOs) of 500 million baht per project in an attempt to curb systemic risks, says an academic.