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BUSINESS

Allianz Ayudhya reports big growth in UL portfolio

Business, Nuntawun Polkuamdee, Published on 04/10/2022

» Allianz Ayudhya, Thailand's leading life insurer, sees strong growth in its unit linked (UL) business, saying the portfolio expanded 83% year-on-year in the first eight months of 2022.

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BUSINESS

Asian shares follow Wall Street downward

Business, Nuntawun Polkuamdee, Published on 01/10/2022

» RECAP: Stocks fell in most Asian markets yesterday after another plunge on Wall Street as the prospect of higher interest rates and turmoil in Europe stoked fears of a global recession.

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BUSINESS

Sell-off continues as inflation fight stepped up

Business, Nuntawun Polkuamdee, Published on 24/09/2022

» RECAP: Asian markets fell again yesterday and the dollar extended gains amid a global sell-off fuelled by growing recession fears as central banks around the world ramped up interest rates to fight decades-high inflation.

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BUSINESS

Spot gold declines to lowest in over 2 years

Business, Nuntawun Polkuamdee, Published on 19/09/2022

» The spot gold price dropped to its lowest level in more than two years, pressured by a strong US dollar and the rise of US government bond yields amid concerns about prolonged tightening monetary policy and the likelihood of recession.

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BUSINESS

Asian markets sell off amid recession worries

Business, Nuntawun Polkuamdee, Published on 17/09/2022

» RECAP: Asian markets sold off sharply on Friday and Europe followed as investors braced for a hefty US rate hike next week amid growing concerns of a global recession following warnings from the World Bank and the International Monetary Fund.

BUSINESS

SEC mulls tighter rules for digital asset exchange services

Business, Nuntawun Polkuamdee, Published on 16/09/2022

» The Securities and Exchange Commission (SEC) is considering a plan to restrict digital asset exchanges from seeking benefits for clients from deposit and lending services, or encouraging others to do so, in order to protect investors and the public against fraud.

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BUSINESS

Banks participate in $5m DeFi fundraising

Business, Nuntawun Polkuamdee, Published on 13/09/2022

» The venture capital (VC) arms of Kasikornbank (KBank) and Bank of Ayudhya (BAY) have participated in a US$5-million (about 160 million baht) fundraising to support decentralised finance (DeFi).

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BUSINESS

Rates, inflation and energy have investors' attention

Business, Nuntawun Polkuamdee, Published on 10/09/2022

» RECAP: Global markets remained fixated this week on inflation, interest rates and energy prices. There was added drama in Britain, where the passing of Queen Elizabeth II came just two days after Prime Minister Liz Truss took office and announced a bold plan to cap soaring energy prices for two years.

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BUSINESS

Searching for inflation-busters

Business, Nuntawun Polkuamdee, Published on 05/09/2022

» What are good investments in a period of high inflation?

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BUSINESS

SET loses ground after 4% gain in August

Business, Nuntawun Polkuamdee, Published on 03/09/2022

» RECAP: Global stock markets lost ground this week as investors assessed the impact of more US interest rate hikes and tensions over Taiwan. External factors remained the key factors affecting market sentiment in Asia including Thailand.