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GENERAL

Digital wallet details fail to rally SET

Business, Nareerat Wiriyapong, Published on 25/07/2024

» The government's announcement regarding the delayed digital wallet handout scheme failed to boost the Stock Exchange of Thailand (SET) as the index slipped below the psychological level of 1,300 points on Wednesday with major commerce company CP All (CPALL) among the biggest losers.

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GENERAL

Local traders optimistic on price outlook for gold

Business, Nareerat Wiriyapong, Published on 24/07/2024

» Local gold traders remain bullish about bullion's price trend, saying prices could top US$2,500 an ounce by end-2024 with a significant price increase expected after the US Federal Reserve (Fed) cuts US interest rates in September.

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GENERAL

Energy Absolute reschedules bills of exchange payment

Business, Nareerat Wiriyapong, Published on 24/07/2024

» Ailing Energy Absolute (EA), which has been under investigation over alleged fraud involving former executives, has rescheduled payment of two of its tranches of short-term bills of exchange (B/E) due to tight liquidity.

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GENERAL

Thai ESG Fund expected to receive cabinet green light on Tuesday

Business, Nareerat Wiriyapong, Published on 23/07/2024

» The cabinet is expected to endorse the new Thai ESG Fund on Tuesday, with analysts hoping the revised conditions of the environmental, social and governance (ESG) focused fund will boost trading on the Stock Exchange of Thailand (SET) by 40-50 billion baht a year.

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GENERAL

Energy Absolute launches probe into fraud claims

Business, Nareerat Wiriyapong, Published on 16/07/2024

» SET-listed Energy Absolute (EA) has set up a committee to look into the alleged fraud committed by its former chief executive and chief financial executive, yet the renewable energy producer insisted it would go ahead with a 5.5-billion-baht bond issuance, despite the recent negative developments pertaining to the company's credibility.

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GENERAL

Analyst sees scant impact from digital wallet

Business, Nareerat Wiriyapong, Published on 13/07/2024

» The government's flagship digital wallet policy can improve the economy by only 0.4 percentage points, mostly in 2025, after the project's budget was reduced by 50 billion baht to 450 billion, as uncertainties remain regarding the funding, according to an analyst.

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INVESTMENT

UOB, Prudential unveil investment-linked life insurance policy

Business, Nareerat Wiriyapong, Published on 12/07/2024

» Singapore-based United Overseas Bank (UOB) is strengthening its regional partnership with multinational insurer Prudential by launching Thailand's first investment-linked life insurance policy that locks in the highest net asset value (NAV) over the contract's lifetime.

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GENERAL

Why is the SET in a protracted slump?

Business, Nareerat Wiriyapong, Published on 11/07/2024

» On July 1, with investors searching for clues about their investments in the second half of 2024, the Stock Exchange of Thailand (SET) index slipped below the psychological level of 1,300 points for the second time in a month.

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GENERAL

Baht tipped to rise to 36.1 to the greenback

Business, Nareerat Wiriyapong, Published on 09/07/2024

» The baht could appreciate further to 36.1 to the US dollar in the short term following recent gains to a one-month high on Monday as weaker than expected US economic data prompted the market to anticipate the Federal Reserve may start trimming US interest rates in September.

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INVESTMENT

SET index expected to plunge amid court cases

Business, Nareerat Wiriyapong, Published on 05/07/2024

» The Stock Exchange of Thailand (SET) index could plunge to 1,250-1,260 points, down from about 1,300 points now, if the Constitutional Court rules Prime Minister Srettha Thavisin breached ethics rules when appointing Pichit Chuenban, which is likely, says CGI International Securities (Thailand).