Showing 1 - 10 of 77
Top-up tax draft heads to cabinet
Business, Wichit Chantanusornsiri, Published on 04/06/2024
» Draft legislation to collect taxes from multinational enterprises (MNEs) to prevent the shifting of profit to subsidiaries located in countries with a lower tax base is scheduled to be presented to the cabinet for approval in the next two weeks, says Deputy Finance Minister Julapun Amornvivat.
Return of LTFs a boon for bourse
Business, Wichit Chantanusornsiri, Published on 22/05/2024
» Finance Minister Pichai Chunhavajira says reintroducing long-term equity funds (LTFs) will help lift the Stock Exchange of Thailand's (SET) market capitalisation.
SET makes another attempt to clear 1,400 hurdle
Published on 18/05/2024
» Thai shares continued to move sideways up, with the SET index struggling to clear 1,380 points (the next hurdle will be 1,400) throughout the past week, causing the market to stay rangebound.
Rejig of incentives sought to encourage investment
Business, Nuntawun Polkuamdee, Published on 09/05/2024
» The Federation of Thai Capital Market Organizations (Fetco) is preparing to propose to the Finance Ministry reviving long-term equity funds (LTFs) and adjusting the investment conditions for Thailand ESG funds to attract more investment into the local bourse.
Mutual fund assets up 2.58% to B5.28tn
Business, Nuntawun Polkuamdee, Published on 22/04/2024
» Thailand's mutual fund industry registered a net asset value of 5.28 trillion baht in the first quarter, up 2.58% or 133 billion baht from the end of 2023, backed by strong growth of fixed income funds and foreign investment funds (FIFs).
Prudential posts 11% rise in premiums in 2023
Business, Nuntawun Polkuamdee, Published on 09/04/2024
» Prudential Life Assurance (Thailand) reported total insurance premiums of 34.7 billion baht last year, an increase of 11% from 31.3 billion in 2022, ranking seventh among Thai life insurers.
Prudential Thailand Leads Customer Satisfaction in 2023
Published on 02/04/2024
» Prudential Life Assurance (Thailand) Public Company Limited (Prudential Thailand), revealed its 2023 performance with Total Premiums received amounting to THB 34.7 billion, an increase of 11% from THB 31.3 billion in 2022, leading to a rise to #7 in market ranking (by Total Premium) among life insurers in Thailand. In addition, APE sales at THB 8.6 billion, a growth of 5% from THB 8.2 billion baht in 2022. Renewal premiums also saw an increase of 18% at THB 22.2 billion (from THB 18.7 billion in 2022).
2024: Volatility is the name of the game
Business, Published on 31/01/2024
» It is easy to overlook that the federal funds rate in the US was close to zero as recently as the first quarter of 2022. Since then, the Federal Reserve has hiked its benchmark interest rate by more than 500 basis points, and while short-term rates remain at their highest levels in more than two decades, the S&P500 index recently set a new all-time high, passing the record set in January 2022.
Morningstar touts technology RMFs
Nuntawun Polkuamdee, Published on 25/12/2023
» Investors looking to buy tax-deductible mutual funds in the last week of the year should focus on retirement mutual funds (RMFs) that invest in blockchain technology and artificial intelligence (AI) because they generated the highest investment returns in this year, says Morningstar Research (Thailand).
Tax-deductible stocking stuffers
Nuntawun Polkuamdee, Published on 04/12/2023
» The time of year is approaching when money-savvy investors search for tax-deductible options that offer reasonable returns.