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GENERAL

JKN bondholders call for SEC probe

Business, Nuntawun Polkuamdee, Published on 20/02/2024

» Bondholders of JKN Global Group (JKN) are asking the Securities and Exchange Commission (SEC) to conduct an in-depth investigation and expedite the seizure of JKN's assets after the company announced the indefinite postponement of a bondholders' meeting.

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INVESTMENT

Foreign investment funds tipped to expand

Business, Nuntawun Polkuamdee, Published on 20/02/2024

» Krungsri Asset Management (KSAM) expects foreign investment funds (FIFs) to continue to grow in 2024 as Thailand's gross domestic product (GDP) expands less than other economies in the region, while the volatile local bourse is without a clear growth outlook.

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GENERAL

Thai firms seek listing on UK bourses

Business, Nuntawun Polkuamdee, Published on 16/02/2024

» The London Stock Exchange (LSE) and its private partners are inviting medium to large-sized Thai companies to list on the LSE and the Alternative Investment Market (AIM), as two Thai firms are in the final process of listing on the London bourses.

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GENERAL

DBS vows to continue expansion of Thai business

Business, Nuntawun Polkuamdee, Published on 15/02/2024

» Singapore-based DBS Bank will continue to invest and operate in Thailand, especially in the securities business, which offers good opportunities for future growth, says Sim S Lim, chairman of DBS Vickers Securities (Singapore).

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INVESTMENT

Chinese firm now owns Thai brokerage

Nuntawun Polkuamdee, Published on 12/02/2024

» CGS-CIMB Securities (Thailand) has changed its name to CGS International Securities (Thailand) (CGSI) after China Galaxy Securities acquired a 100% stake in the company in December 2023 in a move to strengthen its regional presence.

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GENERAL

Former Zipmex executive faces charges

Business, Nuntawun Polkuamdee, Published on 09/02/2024

» The Securities and Exchange Commission (SEC) has filed a criminal complaint with the Economic Crime Suppression Division (ECD Police), accusing Akalarp Yimwilai, a former chief executive of Zipmex Thailand, of presenting false statements to the public.

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GENERAL

Foreign capital rebounds on Thai bourse

Business, Nuntawun Polkuamdee, Published on 08/02/2024

» Foreign capital started to flow into the Thai stock market in the first week of February, tallying 7.9 billion baht in anticipation of global interest rates falling later this year, says the Stock Exchange of Thailand (SET).

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INVESTMENT

New digital tokens likely to be launched via TDX

Nuntawun Polkuamdee, Published on 05/02/2024

» The Thai Digital Assets Exchange (TDX), a digital token exchange under the aegis of the Stock Exchange of Thailand (SET), is pioneering the business and expects more new tokens this year after the regulator initiated a clear policy to support them.

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GENERAL

Giving credit to Thai Credit's fundamentals

Business, Nuntawun Polkuamdee, Published on 03/02/2024

» Scheduled to list on the Stock Exchange of Thailand next Friday, Thai Credit Bank Plc (CREDIT) is set to become the first banking initial public offering (IPO) stock in a decade and the 12th bank listed on the bourse.

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GENERAL

MTC targets 20% portfolio expansion

Business, Nuntawun Polkuamdee, Published on 01/02/2024

» Muangthai Capital Plc (MTC), the SET-listed provider of vehicle and personal loans, aims to grow its lending portfolio by 20% this year to 170 billion baht and curb non-performing loans (NPLs) at 3.2% of the total portfolio.