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BUSINESS

TGH gears up for service integration

Business, Darana Chudasri, Published on 19/03/2021

» SET-listed Thai Group Holdings (TGH), the insurance arm of the TCC Group controlled by tycoon Charoen Sirivadhanabhakdi, has added two more business units -- consumer finance and health and wellness -- to vertically integrate services geared towards an ageing society.

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BUSINESS

Viriyah sets aside B500m to back IT

Business, Darana Chudasri, Published on 11/03/2021

» Viriyah Insurance, the country's largest auto insurer, has earmarked a budget of 500 million baht starting from this year for advanced IT networking development to speed up the insurance claims process.

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BUSINESS

MQDC, MTL offer package for seniors

Business, Darana Chudasri, Published on 09/03/2021

» Property developer Magnolia Quality Development Corporation (MQDC) in alliance with Muang Thai Life (MTL) Assurance is offering an end of life package to senior citizens that includes lifetime care, health insurance and a non-transferable lease on a condo or house for 35 million baht.

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BUSINESS

Aurora raises registered capital to list on bourse

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

» Aurora, the country's largest gold and jewellery retailer, plans to raise its registered capital by an additional 200 million baht to meet the regulator's requirement for a minimum of 300 million baht to list on the Stock Exchange of Thailand.

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BUSINESS

Developers among the first to proffer initial coin offerings

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

» SET-listed property developer SC Asset will soon launch an initial coin offering (ICO) in what will be the first of its kind in Thailand, after the Securities and Exchange Commission (SEC) approved trading of real asset tokens this month.

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BUSINESS

SEC allays crypto furore

Business, Darana Chudasri, Published on 02/03/2021

» The Securities and Exchange Commission (SEC) is backing off its draft plan to require a 1-million-baht minimum annual income and other requirements for cryptocurrency investors, noting the draft was just meant to test public sentiment from stakeholders.

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BUSINESS

Cryptocurrency draft draws flak

Business, Darana Chudasri, Published on 26/02/2021

» A draft of qualifications for cryptocurrency investment by the Securities and Exchange Commission (SEC) is sparking heavy criticism from the public as it effectively bars the majority of Thais from trading digital currency by requiring them to have annual income of 1 million baht.

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BUSINESS

Bitcoin surges to another all-time high at B1.74m

Business, Darana Chudasri, Published on 23/02/2021

» Bitcoin rose to another all-time high on Monday at 1.74 million baht, or US$58,330.57 apiece, as physical spot gold hit a seven-month low with traders suggesting the current price dip is a good time to buy gold.

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BUSINESS

TQR opens with a flurry, gaining 200%

Business, Darana Chudasri, Published on 18/02/2021

» TQR Plc, a reinsurance arm of TQM Corporation, made a strong debut on the Market for Alternative Investment (MAI) on Wednesday, with its share price bucking an otherwise weaker market to close up 200% at 15.30 baht.

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BUSINESS

Licences required for digital asset fund managers, advisers

Darana Chudasri, Published on 15/02/2021

» The Securities and Exchange Commission (SEC) announced all operating digital asset fund managers and investment advisers are required to apply for licences by Feb 24 to continue their businesses.