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  • BUSINESS

    SSI to finish rehab plan by August

    Business, Somruedi Banchongduang, Published on 28/03/2016

    » The business rehabilitation plan for Sahaviriya Steel Industries Plc (SSI) is expected to be completed by August, one of its bank creditors has said. Among the crucial elements of the programme are a debt-to-equity swap and a new strategic partner.

  • BUSINESS

    A broadcast veteran channelling his energies

    Business, Komsan Tortermvasana, Published on 20/10/2018

    » Home shopping operator TV Direct Plc sprang a surprise last month when the company led by Songpol Shanmatkit announced it was taking over 90.1% of Spring News' digital Channel 19 in a deal worth 1.08 billion baht.

  • BUSINESS

    Hong Kong court prevents WEH divestment

    Business, Post Reporters, Published on 01/06/2018

    » Documents show the High Court of Hong Kong issued an injunction prohibiting a company owned by Kasem Narongdej from divesting itself from Wind Energy Holding's (WEH) shares, bolstering suspicions of inappropriate behaviour in the company and confirming the involvement of the Narongdej patriarch in the scandal.

  • BUSINESS

    Banking's 40,000 cutback question

    Business, Published on 13/02/2018

    » Scholars are divided over who should be responsible for the more than 40,000 bank employees that are scheduled to be displaced over the next three years by the country's four largest banks.

  • BUSINESS

    GSB aims for the top of mobile service segment

    Business, Published on 20/11/2017

    » As digital banking becomes the new battleground for banks to compete for customers, state-owned Government Savings Bank (GSB) has set its sights to be among the top three mobile banking service providers by number of users in the next two years and the largest in the next five years.

  • BUSINESS

    TCG to push for more help for SMEs

    Business, Published on 04/09/2017

    » The state-owned Thai Credit Guarantee Corporation (TCG) will discuss a new portfolio guarantee scheme (PGS) worth 150-200 billion baht with the Finance Ministry in early October. The scheme is meant to allow small businesses continued access to bank loans amid the uneven economic recovery.

  • BUSINESS

    Catching the dragon's oil and gas trend

    Asia focus, Published on 17/07/2017

    » The Chinese oil and gas sector is undergoing a structural transformation. In the past it was dominated by large state-owned oil companies occupying the entire supply chain, including oil production, pipeline construction and operation, oil refining and trading. However, following economic restructuring the Chinese government will let privately owned and foreign companies participate more actively in the market.

  • BUSINESS

    Nok Air shares gobbled up

    Business, Boonsong Kositchotethana, Published on 27/05/2017

    » Nok Air confirmed yesterday that almost 82% of its new share offering was taken up despite the refusal of Thai Airways International (THAI) to exercise its subscription rights.

  • BUSINESS

    BoT tightens belt on consumer loans

    Business, Published on 30/06/2017

    » The Bank of Thailand is set to announce tighter regulations governing unsecured loans next month as part of its effort to discourage consumers, particularly low-income earners, from accumulating further debt.

  • BUSINESS

    US politics dent sentiment but energy shares lift set

    Business, Published on 22/05/2017

    » Recap: Asian stock markets retreated in response to a ballooning political crisis in Washington, with reports that President Donald Trump tried to interfere with an investigation into his campaign's links with Russia before firing his FBI chief. The Thai stock market outperformed a bit as buying in heavyweight energy stocks offset a selling spree in banks expected to be hurt by lending rate cuts.

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