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BUSINESS

Rate concerns lead to choppy trade, SET edges up

Business, Published on 24/02/2018

» Recap: Concerns about inflation and interest rates continued to drive fluctuations in global stock markets this week, but sentiment recovered after the St Louis branch of the Federal Reserve cautioned against raising interest rates too quickly this year.

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BUSINESS

Bangkok Bank halts TDAX activity

Business, Published on 24/02/2018

» Bangkok Bank has become the first domestic financial institution to halt transactions involving trading of cryptocurrencies with the Thai Digital Asset Exchange on the grounds that TDAX's business operations are not in accordance with its business purpose registered with the Commerce Ministry.

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OPINION

Tropical neighbours chase energy goals

News, Published on 24/02/2018

» Water management in the Mekong region is, in practice, dominated by energy objectives. In Cambodia, the priority is to substitute domestically produced hydropower for expensive diesel and electricity imports. In Laos, the priority is to generate revenue by drawing in foreign investment in dams and export excess electricity to its neighbours, with Thailand as its biggest market. In Vietnam, which has already built out most of its hydropower potential, the priority is to meet a projected tripling in energy demand by 2030 while protecting the economically vital Mekong Delta from the impacts of upstream dams.

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SPORTS

Sumrith takes over Oxford United

Published on 23/02/2018

» Thai businessman Sumrith "Tiger" Thanakarnjanasuth has been confirmed as the new owner of the third-tier English football club Oxford United.

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BUSINESS

BoT head cautions against market corrections from mismatches

Business, Somruedi Banchongduang, Published on 23/02/2018

» Bank of Thailand governor Veerathai Santiprabhob has sounded the alarm over potential sharp market corrections based on a mismatch between market expectations and economic fundamentals.

BUSINESS

Digital Park master plan takes shape

Business, Komsan Tortermvasana, Published on 23/02/2018

» The government is set to finish the final master plan for Digital Park Thailand's construction by March before starting roadshows abroad this year to attract foreign investment.

BUSINESS

Carabao shares nosedive on dismal 2017 results

Business, Published on 23/02/2018

» Shares of SET-listed Carabao Group Plc (CBG) slid drastically by 14% yesterday as investors were disappointed by the company's lower-than-expected operating results in 2017.

BUSINESS

Tris Rating: Corporate bonds to outpace loans

Business, Somruedi Banchongduang, Published on 23/02/2018

» Tris Rating estimates Thai corporate bonds outstanding will outpace corporate loans in the next few years as large companies capitalise on the lower financial costs of bond issuance.

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BUSINESS

SCBAM mulls new crypto fund

Business, Nuntawun Polkuamdee, Published on 23/02/2018

» SCB Asset Management (SCBAM) aims to retain its top spot in terms of assets under management (AUM) in the industry through offering new investment products, with the possibility of launching a cryptocurrency fund.

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BUSINESS

Pace shares dip again after surge

Business, Published on 23/02/2018

» The share price of financially beleaguered Pace Development Plc (PACE) fell Thursday following a substantial rise on Wednesday after the company embarked on a capital increase through a rights offering of new shares.