Showing 1 - 10 of 14
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.
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.
K-Research expects more baht depreciation
Business, Nareerat Wiriyapong, Published on 20/03/2024
» The baht is expected to slide further after falling below 36 to the US dollar yesterday as the Bank of Japan opted to hike the interest rate for the first time in 17 years, which failed to help Asian currencies.
More baht depreciation
Business, Nareerat Wiriyapong, Published on 20/03/2024
» The baht is expected to slide further after falling below 36 to the US dollar on Tuesday as the Bank of Japan opted to hike the interest rate for the first time in 17 years, which failed to help Asian currencies.
Global gold prices see uptick, domestic level sets record
Business, Nareerat Wiriyapong, Published on 15/03/2024
» The Gold Traders Association (GTA) has raised its outlook for global gold prices to US$2,250 per ounce by the end of this year, up from $2,100, as domestic prices rose to a record high of 36,700 baht per baht weight on Thursday morning.
Influx seen boosting economy
Business, Nareerat Wiriyapong, Published on 27/02/2024
» Thailand's tourism upturn should get a boost from China's launch of measures to boost its economy, with more Chinese travellers expected to arrive in Thailand to drive the Thai economy to growth of at least 3% this year, analysts say.
The showdown over interest rates
Business, Nareerat Wiriyapong, Published on 11/01/2024
» Tensions are growing as Prime Minister Srettha Thavisin and the Finance Ministry continue their stand-off with the Bank of Thailand after the premier repeatedly suggested the central bank should cut interest rates as inflation has subsided.
Delta forecasts double-digit revenue uptick next year
Business, Nareerat Wiriyapong, Published on 22/12/2023
» Delta Electronics (Thailand), the country's largest electronics company by market capitalisation, targets double-digit revenue growth next year thanks to its manufacturing expansion and product diversification.
Fed rate cut poised to drive rebound of Thai bourse
Business, Nareerat Wiriyapong, Published on 13/12/2023
» The Federal Reserve is expected to start cutting interest rates in March 2024, prompting investors to accept more risk and invest in equities, driving a rebound of the Stock Exchange of Thailand (SET) next year, the Thai bourse said yesterday.
Warning over Thailand's finances
Business, Nareerat Wiriyapong, Published on 04/11/2023
» Analysts are expressing concerns over Thailand's fiscal position, saying figures are likely to deteriorate in the medium term as the government pushes through populist policies such as the digital wallet scheme.