Showing 1 - 10 of 11
Indorama allots $1.89bn capex for 3 years
Business, Nareerat Wiriyapong, Published on 19/04/2024
» Indorama Ventures (IVL), one of the world's largest petrochemical producers, plans to invest US$1.89 billion (68 billion baht) over three years, noting a gradual recovery of the global petrochemical industry and asset optimisation should enable the company to return to its previous earnings peak by 2026.
Gold price peaks as SET index dips
Business, Nareerat Wiriyapong, Published on 20/04/2024
» Domestic prices of gold reached a new record high of 42,000 baht per baht-weight early Friday as the Stock of Thailand (SET) index sunk to a three-year low of less than 1,350 points, with unease in the Middle East sending investors rushing to safe assets.
War worries put pressure on baht
Business, Nareerat Wiriyapong, Published on 23/04/2024
» The baht could weaken to around 37.20 baht to the US dollar later this week from its six-month low of 36.9 baht on Monday due to continuing concerns over the conflict in the Middle East, while US economic figures due this week are likely to support dollar strength, says Kasikorn Research Centre (K-Research).
ASPS sees interest rate cut in June
Business, Nareerat Wiriyapong, Published on 24/04/2024
» The Bank of Thailand is expected to cut interest rates only once this year, at its June meeting, propping up the Stock Exchange of Thailand (SET) index from a low of about 1,350 points at present to a high of 1,450 points this quarter, according to Asia Plus Securities (ASPS).
Analysts: Rate cut unlikely before Q2 of 2025
Business, Nareerat Wiriyapong, Published on 26/04/2024
» The Bank of Thailand is unlikely to lower interest rates until the second quarter of 2025, when the economy could hit a fiscal cliff after the impact of the 10,000-baht digital handout diminishes, as expectations grow that the Federal Reserve will keep US rates elevated for longer, say analysts.
Analysts trim growth for this year and next
Business, Nareerat Wiriyapong, Published on 04/05/2024
» Analysts are downgrading GDP growth estimates for this year and next as the export outlook turns patchy, the manufacturing slump deepens, the tourism recovery is uneven and the likelihood of interest rate cuts by the Bank of Thailand this year seems limited.
Gold traders eye $2,500 this year amid frenzied buying
Business, Nareerat Wiriyapong, Published on 07/05/2024
» Local gold traders say global prices remain on course to reach US$2,500 per ounce in the second half of 2024, after slipping below $2,300 recently, although the market lowered expectations for US interest rate cuts to a maximum of two times this year, down from 3-4 earlier.
UOB slashes GDP growth to 2.4%
Business, Nareerat Wiriyapong, Published on 09/05/2024
» Singapore-based United Overseas Bank (UOB) is preparing to downgrade Thailand's GDP growth forecast this year to 2.4% from 2.8%, though it expects the Bank of Thailand to trim interest rates twice to 2% by year-end to prop up the economy.
CGSI targets top 3 brokerage spot
Business, Nareerat Wiriyapong, Published on 11/05/2024
» CGS International (CGSI), China's second-largest securities firm, wants to be among the top three securities companies in Thailand by 2030, expanding its offerings and teaming up with local and regional partners.
Gulf Binance aims for crypto supremacy
Nareerat Wiriyapong, Published on 11/05/2024
» In a landscape where digital assets are gaining traction, Gulf Binance has emerged as a new player among the 17 licensed exchange and broker operators in Thailand.