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BUSINESS

Bitkub Coin debuts on exchange in stable trade

Business, Darana Chudasri, Published on 21/05/2021

» Bitkub Coin (KUB), the native digital currency of Bitkub Chain, opened at 30 baht in its debut on the exchange yesterday afternoon, garnering a substantial trading volume of about 30 million tokens within the first four hours.

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BUSINESS

Bitcoin tumbles to a four-month low at B1.22mn

Business, Darana Chudasri, Published on 20/05/2021

» Bitcoin tumbled to a four-month low price of US$38,717.16 or 1.22 million baht at 2pm yesterday after a massive selloff, down over 38% from its all-time high of about $65,000 or 2.1 million baht in mid-April while gold -- the safe haven king -- shines amid US inflation fears.

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BUSINESS

Corporate bond issuance to surpass B750bn target

Business, Darana Chudasri, Published on 19/05/2021

» Corporate bond issuance is expected to exceed the market's target of 750 billion baht this year because of excess liquidity in global money markets and readiness of financial intermediaries to comply with social distancing measures and remote work, says Ariya Tiranaprakit, deputy managing director of the Thai Bond Market Association (TBMA).

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BUSINESS

Covid insurance continues surge in April

Business, Darana Chudasri, Published on 14/05/2021

» Accumulated Covid insurance premiums spiked by 2.2 billion baht from 6.45 million policies in April, driving the total premiums received to 7.15 billion baht over 14 months since the beginning of the pandemic.

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BUSINESS

BROOK cryptocurrency filing a first

Business, Darana Chudasri, Published on 13/05/2021

» The Brooker Group's (BROOK) unprecedented filing to the Securities and Exchange Commission regarding its investment in cryptocurrencies marked the first time a Thai-listed company publicly announced its cryptocurrency holdings amid growing concerns over investment risks associated with these emerging assets.

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BUSINESS

TQM posts dip in Covid insurance

Business, Darana Chudasri, Published on 12/05/2021

» TQM Corp's average daily sales for Covid-19 insurance dropped to about 10,000-20,000 policies in May, a level expected to continue until June as health concerns intensify amid the outbreak, says Napassanun Punnipa, TQM's chief executive.

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BUSINESS

Tidlor share prices rally on market debut

Business, Darana Chudasri, Published on 11/05/2021

» Shares of Ngern Tid Lor Co Ltd (Tidlor), a microcredit provider under Bank of Ayudhya (BAY), rallied 25.34% above its initial public offering (IPO) price of 36.50 baht, hitting 55.50 baht before closing at 45.75 baht on Monday, in its debut on the Stock Exchange of Thailand (SET).

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BUSINESS

SEC to hold hearing over investor classifications

Business, Darana Chudasri, Published on 04/05/2021

» The Securities and Exchange Commission (SEC) is conducting a public hearing to redefine and reclassify types of investors as it considers including investment knowledge, financial literacy and financial prowess as qualifications to better protect inexperienced investors from risk.

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BUSINESS

Covid claims projected to pass B500m

Business, Darana Chudasri, Published on 04/05/2021

» Total Covid-19 insurance claims since policies launched in March 2020 are expected to reach 500 million baht as of the end of April, spurred by a surge last month, says Anon Vangvasu, president of Thai General Insurance Association.

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BUSINESS

ID check required for new crypto accounts

Business, Darana Chudasri, Published on 03/05/2021

» Opening of new cryptocurrency accounts may slow in the second half of this year as the Anti-Money Laundering Office (Amlo) announced local digital exchanges must verify their customers' identities through a "dip-chip" machine that requires clients to be physically present.