Showing 1 - 10 of 438
Regulator files fraud charges against Stark
Bloomberg News, Published on 06/07/2023
» The Securities and Exchange Commission (SEC) has filed charges against the largest shareholder and others involved in the management of Stark Corporation Plc, the industrial cable maker at the centre of an accounting scandal and debt default.
Stocks to rebound on government optimism - analysts
Bloomberg News, Published on 04/07/2023
» Thailand’s stocks may rebound in the fourth quarter as the appointment of a new government will likely bolster optimism about the prospects of fiscal stimulus spurring sluggish economic growth, according to a survey of analysts.
Debt-stricken Stark seeks way to avoid delisting
Bloomberg News, Published on 29/06/2023
» Stark Corporation Public Company Limited, the Thai industrial cable maker at the centre of an accounting scandal and debt default that rattled financial markets, plans to restructure its debt to stave off a forced delisting.
A 99% stock crash and shock default raise alarm
Bloomberg News, Published on 23/06/2023
» Only a year ago Stark Corporation looked like a Thai corporate success story. Backed by a wealthy local businessman, the nearly US$2 billion maker of electrical cables was an aggressive acquirer making its first major push beyond Asia.
SET to overhaul listing rules as stocks whacked by scandals
Bloomberg News, Published on 22/06/2023
» The Stock Exchange of Thailand plans to tighten listing rules as a major accounting scandal, debt defaults and unexplained share gyrations rattle investors, putting the SET Index on course for its lowest close in more than two years.
Troubles mount for Stark hit by accounting scandal
Bloomberg News, Published on 21/06/2023
» Bondholders of Stark Corporation Public Company Limited called for immediate payment of about US$200 million after a special audit revealed accounting irregularities, the latest trouble for the Thai electrical components maker that has defaulted on debt and seen its shares plummet to near-zero.
New govt needed to stem fund exodus, says Srettha
Bloomberg News, Published on 14/06/2023
» Thailand needs to install a new coalition government headed by prime ministerial frontrunner and Move Forward Party (MFP) leader Pita Limjaroenrat at the earliest to allay investor concerns and stem an exodus of foreign funds from the nation’s stocks and bonds, according to Srettha Thavisin, a core member of the Pheu Thai Party.
Coalition talks spook markets amid split over LM
Bloomberg News, Published on 19/05/2023
» Thailand’s pro-democracy parties faced built-in obstacles to forming a government even before a historic win in Sunday’s general election. Now that resistance is starting to take shape, making investors wary of a protracted political uncertainty.
Tourism to limit economic pain as new government awaited
Bloomberg News, Published on 18/05/2023
» Thailand has not been spared the political uncertainty that usually comes with elections, yet foreign tourists returning by the millions this year are counted on to help shield Southeast Asia’s second-largest economy.
Spooked funds trigger emerging Asia’s biggest selloff before elections
Bloomberg News, Published on 20/04/2023
» Global funds are ditching Thailand’s bonds due to political risks before the May 14 general election, but history suggests they may soon come rushing back.