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BUSINESS

Covid claims projected to pass B500m

Business, Darana Chudasri, Published on 04/05/2021

» Total Covid-19 insurance claims since policies launched in March 2020 are expected to reach 500 million baht as of the end of April, spurred by a surge last month, says Anon Vangvasu, president of Thai General Insurance Association.

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BUSINESS

SEC to hold hearing over investor classifications

Business, Darana Chudasri, Published on 04/05/2021

» The Securities and Exchange Commission (SEC) is conducting a public hearing to redefine and reclassify types of investors as it considers including investment knowledge, financial literacy and financial prowess as qualifications to better protect inexperienced investors from risk.

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BUSINESS

Tidlor share prices rally on market debut

Business, Darana Chudasri, Published on 11/05/2021

» Shares of Ngern Tid Lor Co Ltd (Tidlor), a microcredit provider under Bank of Ayudhya (BAY), rallied 25.34% above its initial public offering (IPO) price of 36.50 baht, hitting 55.50 baht before closing at 45.75 baht on Monday, in its debut on the Stock Exchange of Thailand (SET).

BUSINESS

LEO upgrades revenue growth outlook for 2021

Business, Darana Chudasri, Published on 12/05/2021

» LEO Global Logistics, listed on the MAI, upgraded its revenue growth outlook this year to 40-45%, spurred by growing air freight revenue after forming an exclusive dealership with China Post Group Corp, the state-owned postal operator.

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BUSINESS

TQM posts dip in Covid insurance

Business, Darana Chudasri, Published on 12/05/2021

» TQM Corp's average daily sales for Covid-19 insurance dropped to about 10,000-20,000 policies in May, a level expected to continue until June as health concerns intensify amid the outbreak, says Napassanun Punnipa, TQM's chief executive.

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BUSINESS

Allianz Ayudhya keeps focus on health

Business, Darana Chudasri, Published on 28/04/2021

» Allianz Ayudhya Assurance is maintaining its focus on health insurance for the seventh consecutive year as profits from insurance products remain steady because of low interest rates and growing health concerns, which are driving demand for protection amid the pandemic, says Thomas C Wilson, chief executive and president.

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BUSINESS

Rising metal prices to affect key industries

Business, Darana Chudasri, Published on 28/04/2021

» Rising commodity prices due to a rise in domestic consumption is expected to negatively impact the construction, electrical appliance and electronic component industries, analysts say.

BUSINESS

TQM takes 51% in True Life, Extra

Business, Darana Chudasri, Published on 30/04/2021

» TQM Corporation (TQM), the only SET-listed insurance broker, has acquired 51% in both True Life Broker Co and True Extra Broker Co to cement its position in the life insurance business with total investment not exceeding 270 million baht.

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BUSINESS

Outbreak prompts record policy spend

Business, Darana Chudasri, Published on 21/04/2021

» Covid insurance, which was introduced last year, is proving to be popular, especially during the third wave as concerns mount over more contagious and deadly variants.

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BUSINESS

April sees surge in retail cryptocurrency traders

Business, Darana Chudasri, Published on 22/04/2021

» The number of retail cryptocurrency traders in Thailand continues to skyrocket with 24,000 new accounts created in one week in April following the Securities and Exchange Commission's (SEC) approval for Bitkub to resume accepting new accounts.