Showing 1 - 10 of 261
SCB CIO sees LTF benefits as steadying market influence
Business, Nareerat Wiriyapong, Published on 31/05/2024
» SCB Chief Investment Office (CIO) believes reinstating long-term equity funds (LTFs) to promote long-term savings would help reduce volatility from short selling and curb capital outflow, bringing in net inflow of 40-50 billion baht to the Thai stock market.
Slowdown weighs on current account
Business, Nareerat Wiriyapong, Published on 16/05/2024
» Thailand's waning appeal in terms of attracting foreign direct investment (FDI), an uneven tourism recovery and the currency outlook are pressuring the country's current account surplus, which is still below the pre-pandemic level, says BMI, a Fitch Solutions company.
Gulf Binance aims for crypto supremacy
Nareerat Wiriyapong, Published on 11/05/2024
» In a landscape where digital assets are gaining traction, Gulf Binance has emerged as a new player among the 17 licensed exchange and broker operators in Thailand.
CGSI targets top 3 brokerage spot
Business, Nareerat Wiriyapong, Published on 11/05/2024
» CGS International (CGSI), China's second-largest securities firm, wants to be among the top three securities companies in Thailand by 2030, expanding its offerings and teaming up with local and regional partners.
Thai stocks tipped to rebound in 2nd half
Nareerat Wiriyapong, Published on 10/05/2024
» Recovering tourism and exports, backed by a weaker baht, along with growing fiscal budget disbursement could support a rebound of the Thai stock market in the second half this year after the index lost 2.7% year-to-date, one of the worst performers globally.
Gold traders eye $2,500 this year amid frenzied buying
Business, Nareerat Wiriyapong, Published on 07/05/2024
» Local gold traders say global prices remain on course to reach US$2,500 per ounce in the second half of 2024, after slipping below $2,300 recently, although the market lowered expectations for US interest rate cuts to a maximum of two times this year, down from 3-4 earlier.
ASPS sees interest rate cut in June
Business, Nareerat Wiriyapong, Published on 24/04/2024
» The Bank of Thailand is expected to cut interest rates only once this year, at its June meeting, propping up the Stock Exchange of Thailand (SET) index from a low of about 1,350 points at present to a high of 1,450 points this quarter, according to Asia Plus Securities (ASPS).
Gold price peaks as SET index dips
Business, Nareerat Wiriyapong, Published on 20/04/2024
» Domestic prices of gold reached a new record high of 42,000 baht per baht-weight early Friday as the Stock of Thailand (SET) index sunk to a three-year low of less than 1,350 points, with unease in the Middle East sending investors rushing to safe assets.
Italian-Thai Development upbeat on funds to wrap up projects
Business, Nareerat Wiriyapong, Published on 10/04/2024
» Cash-strapped Italian-Thai Development (ITD) is confident it will be granted additional financial support from banks to complete more than 100 ongoing construction projects, in addition to bidding for more projects from the now-active fiscal 2024 budget.
Traders upgrade outlook for gold prices
Business, Nareerat Wiriyapong, Published on 05/04/2024
» Local traders have increased their forecasts for global and domestic prices of gold to US$2,350 and 40,500 baht, respectively, after the price of bullion set another record high of more than $2,300 an ounce on sustained demand from central banks and heightened geopolitical conflict.