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BUSINESS

Foreign stocks considered for derivative warrants

Business, Darana Chudasri, Published on 16/07/2021

» Local investors may be granted new access to foreign shares this year through derivative warrants (DW) as the Stock Exchange of Thailand (SET) is asking for approval from the regulator to use international stocks as an underlying asset for the product, says SET senior executive vice-president Rinjai Chakornpipat.

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BUSINESS

SMK lashed over Covid termination

Business, Darana Chudasri, Published on 17/07/2021

» Thailand's regulator warned Syn Mun Kong Insurance (SMK) on Friday that it cannot arbitrarily terminate Covid-19 insurance contracts with lump-sum payments, threatening legal action or fines if the insurer moves forward with its plan.

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BUSINESS

ASPS predicts volatile Q3 for SET as mood wanes

Business, Darana Chudasri, Published on 02/07/2021

» The Thai stock market will continue to be challenged by the pandemic in the third quarter as economic growth remains dampened by the outbreak, while improving economies outside Thailand may depreciate the baht and cause foreign outflows, says Asia Plus Securities (ASPS).

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BUSINESS

SEC files criminal charge against Binance

Business, Darana Chudasri, Published on 03/07/2021

» The Securities and Exchange Commission (SEC) has filed a criminal complaint against Binance, the world's largest cryptocurrency exchange platform, for illegally operating a digital asset business without a licence under the Digital Asset Businesses Decree.

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BUSINESS

MTL alert to demographic time bomb

Business, Darana Chudasri, Published on 05/07/2021

» Muang Thai Life Assurance (MTL) has rejigged its organisational structure to prepare for Thailand's transition towards an increasingly ageing society, viewed by the company as an economic time bomb.

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BUSINESS

OIC to step up measures against fraud

Business, Darana Chudasri, Published on 06/07/2021

» The Office of Insurance Commission (OIC) is coordinating with health insurance-related agencies to curb a rapid increase in incidents of insurance fraud.

BUSINESS

SET warns stock investors over MVP shares

Darana Chudasri, Published on 06/07/2021

» The Stock Exchange of Thailand (SET) has warned investors to take caution when trading shares of M Vision Public Company Limited (MVP) as the shares' trading conditions remain highly volatile even having been put on the highest level of the market surveillance list.

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BUSINESS

Covid claims snowball in last 45 days

Business, Darana Chudasri, Published on 07/07/2021

» Total claims for Covid insurance ballooned to 1.77 billion baht in the first half of the year from 588 million baht as of May 15, says the Office of the Insurance Commission (OIC) secretary-general Suthiphon Thaveechaiyagarn.

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BUSINESS

TBMA upgrades bond issuance outlook to B900bn

Business, Darana Chudasri, Published on 09/07/2021

» The Thai Bond Market Association (TBMA) upgraded its projection for corporate bond issuance this year to 900 billion baht from 700-750 billion as private companies seek to replenish capital reserves amid economic uncertainties, says TBMA president Tada Phutthitada.

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BUSINESS

SET recovers as Covid measures are unveiled

Business, Darana Chudasri, Published on 10/07/2021

» Despite pressure from the government's fresh batch of Covid control measures and a new record high for daily infections, the SET Index still gained yesterday, closing at 1,552.09 points, up 8.42 points or 0.55%.