Showing 1 - 10 of 22
Consumer spending to finally recover this year
Business, Nareerat Wiriyapong, Published on 19/09/2024
» The Bank of Thailand's expected interest rate cuts, prompted by the strong baht, and growth in the tourism sector will both increase the country's consumer spending, which is expected to exceed the 2019 level for the first time this year, say analysts.
Analysts see imminent return of foreign funds
Business, Nareerat Wiriyapong, Published on 28/08/2024
» Easing domestic political uncertainty and the higher likelihood of US interest rate cuts could prompt a return of foreign fund inflows starting next month, driving the Thai bourse back to a range of around 1,500 points next year, say analysts.
SET delists securities of ALL, Stark and World
Business, Nareerat Wiriyapong, Published on 15/08/2024
» The Stock Exchange of Thailand (SET) is delisting the securities of All Inspire Development (ALL), Stark Corporation and World Corporation because they were unable to resolve the grounds for delisting, or to meet the qualifications to resume trading within the specified deadline.
Ailing EA lands cluster of three-year loans worth B8bn
Business, Nareerat Wiriyapong, Published on 10/08/2024
» Thirteen financial institutions and funds have agreed to provide three-year loans worth 8 billion baht to Energy Absolute Plc (EA) to ease the short-term liquidity crunch faced by the embattled renewable energy firm.
Analysts expect steady policy rate at 2.5%
Business, Nareerat Wiriyapong, Published on 09/08/2024
» The Bank of Thailand is expected to hold the policy rate steady at 2.5% at its meeting later this month, with inflation rising slowly back to the target range, say economists who are urging government stimulus measures to drive the slowing economy in addition to the digital wallet scheme.
Thailand heading for decade of low growth
Business, Nareerat Wiriyapong, Published on 02/08/2024
» The Thai economy is projected to expand by an average of 2.8% per year over the next decade, boosted by a tourism rebound, its status as a regional automotive hub, and the regionalisation of large Thai conglomerates, says a DBS Bank report.
Analyst sees headwinds persisting until mid-2025
Business, Nareerat Wiriyapong, Published on 30/07/2024
» A high level of non-performing loans (NPLs), slow loan growth and rising household debt will continue to pressure banks until the first half of next year as a reduction in consumer purchasing power and rising living costs will affect not only small businesses but also large companies, analysts say.
Local traders optimistic on price outlook for gold
Business, Nareerat Wiriyapong, Published on 24/07/2024
» Local gold traders remain bullish about bullion's price trend, saying prices could top US$2,500 an ounce by end-2024 with a significant price increase expected after the US Federal Reserve (Fed) cuts US interest rates in September.
Energy Absolute reschedules bills of exchange payment
Business, Nareerat Wiriyapong, Published on 24/07/2024
» Ailing Energy Absolute (EA), which has been under investigation over alleged fraud involving former executives, has rescheduled payment of two of its tranches of short-term bills of exchange (B/E) due to tight liquidity.
Energy Absolute launches probe into fraud claims
Business, Nareerat Wiriyapong, Published on 16/07/2024
» SET-listed Energy Absolute (EA) has set up a committee to look into the alleged fraud committed by its former chief executive and chief financial executive, yet the renewable energy producer insisted it would go ahead with a 5.5-billion-baht bond issuance, despite the recent negative developments pertaining to the company's credibility.