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BUSINESS

Debt burden to fund Hong Kong's airport expansion soars

South China Morning Post, Published on 08/05/2024

» HONG KONG: The debt burden for construction of Hong Kong's airport expansion has soared to HK$123 billion (582 billion baht), with no end in sight to a levy on passengers who fly out from the city.

BUSINESS

Strong Q1 results could attract fund inflows to SET

Business, Nuntawun Polkuamdee, Published on 25/05/2024

» First-quarter financial results were stronger than expected for listed Thai companies, gaining 3% year-on-year and 68% quarter-on-quarter, which could attract more fund inflows to the Thai bourse, with the index topping 1,400 points in the near term, say analysts.

THAILAND

Somsak pushes for seized assets to fund drug rehab

News, Post Reporters, Published on 26/06/2024

» Public Health Minister Somsak Thepsutin backed efforts to further use seized assets from narcotic drug cases to help fund the rehabilitation of drug addicts.

BUSINESS

AI Fund, KXVC partner to develop local AI startups

Business, Suchit Leesa-nguansuk, Published on 19/07/2024

» Renowned global artificial intelligence (AI ) pioneer AI Fund has teamed up with KX Venture Capital (KXVC) to develop AI startups and train young people to utilise AI, with the aim of enhancing Thailand's competitiveness.

BUSINESS

Board of Investment launches Matching Fund to support startups

Business, Lamonphet Apisitniran, Published on 02/08/2024

» Startups with high growth potential in targeted industries will be given financial support, worth up to 50 million baht each, under a new fund recently launched by the Board of Investment (BoI).

THAILAND

IRPC Celebrates 1-Year Success of "Innovation ONE Fund"

Published on 29/08/2024

» Marking the 1st anniversary of the "Innovation ONE Fund" project, a press conference was held on August 14, 2024, with the participation of Mr. Kris Imsang, President and CEO, Mr. Pranarch Kosayanont, Senior Executive Vice President of Corporate Strategy Planning and Business Development at IRPC Public Co., Ltd., and Mr. Panutat Kiatananchai, Managing Director of Rakpasak Co., Ltd. Organised by the Federation of Thai Industries (FTI), the event reaffirmed the project's success in enabling Thai SMEs and startups to compete globally. During the event, Mr. Pranarch and Mr. Panutat joined a discussion with entrepreneurs and VC partners to share insights on the successes and benefits of participating in the project. IRPC, as an innovation-driven supporter, and Rakpasak, a startup entrepreneur, provided valuable perspectives at the Queen Sirikit National Convention Center (QSNCC), meeting rooms 210-211.

THAILAND

Thai govt seeks to prevent Social Security Fund collapse

Chairith Yonpiam, Published on 01/09/2024

» Labour Minister Phiphat Ratchakitprakarn on Sunday pledged to explore measures to prevent a potential collapse of the Social Security Fund (SSF) a decade from now as a result of insufficient funding.

BUSINESS

New fund to encourage SMEs to go digitally green

Business, Lamonphet Apisitniran, Published on 29/10/2024

» The Industry Ministry is preparing to spend more than 10 million baht helping small and medium-sized enterprises (SMEs) make full use of digital technology and run more eco-friendly businesses, with the ultimate aim of increasing their competitiveness.

BUSINESS

Malaysia orders sovereign fund audit on loss-making venture

Bloomberg, Published on 03/11/2024

» Malaysian Prime Minister Anwar Ibrahim ordered sovereign wealth fund Khazanah Nasional Berhad to carry out an internal audit to investigate issues related to 43.9 million ringgit ($10 million) in investment losses. 

BUSINESS

CP Axtra shares put on fund managers’ watch list

Business, Nuntawun Polkuamdee, Published on 26/12/2024

» The Association of Investment Management Companies (AIMC) has resolved to include CP Axtra (CPAXT) shares on the watch list (WL) for Thai ESG and Thai CG mutual funds, given concerns over corporate governance regarding the company's recent multibillion-baht investment.