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INVESTMENT

Upbeat ETF outlook spurs Ethereum

Business, Nuntawun Polkuamdee, Published on 24/05/2024

» Ethereum prices have rallied by about 20% in recent days, hovering around US$3,800 on Thursday amid growing optimism that the US Securities and Exchange Commission (SEC) will approve this week one or more exchange-traded funds (ETFs) that invest directly in the world's second-biggest cryptocurrency by market capitalisation.

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GENERAL

Tourism revival spurs aviation tech

Business, Komsan Tortermvasana, Published on 24/05/2024

» An influx of tourist arrivals and their use of airport tech applications has benefited aviation technology and airport services projects.

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GENERAL

Thai Airways to get B12bn injection ahead of relisting

Business, Wichit Chantanusornsiri, Published on 24/05/2024

» The Finance Ministry plans to inject an additional 12 billion baht into Thai Airways International (THAI) Plc by October this year, hoping the national carrier can be relisted on the stock exchange by the middle of 2025 at the latest.

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INVESTMENT

GPF portfolio strategy shifts to handling risks

Business, Wichit Chantanusornsiri, Published on 24/05/2024

» The Government Pension Fund (GPF), the second-largest fund in the country, has shifted its investment strategy this year to creating a portfolio capable of handling appropriate risks, rather than maximising profits.

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GENERAL

Thai banks record 1.2% loan growth

Business, Somruedi Banchongduang, Published on 24/05/2024

» The Thai banking industry reported marginal loan growth for the first four months of this year, thanks to tighter loan criteria amid a sluggish economy.

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GENERAL

An urgent mission for new bourse leader

Business, Soonruth Bunyamanee, Published on 24/05/2024

» The Stock Exchange of Thailand (SET) board resolved on May 15 to appoint Kitipong Urapeepattanapong as the 19th chairman of the bourse.

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GENERAL

Bangkok Land keen to develop 'smart' Muang Thong Thani

Business, Molpasorn Shoowong, Published on 23/05/2024

» SET-listed Bangkok Land wants to develop Muang Thong Thani as a smart city district, with plans to build a new seafood and fruit centre offering goods at affordable prices to attract tourists to Nonthaburi, banking on the Pink Line monorail service that is scheduled to start running there next year.

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GENERAL

Group seeks gain from US-China trade war

Business, Lamonphet Apisitniran, Published on 23/05/2024

» The US recently imposed very high tariffs on Chinese products, notably electric vehicles and semiconductors, which will cause China to concentrate on expanding its EV manufacturing within Asia, with Thailand poised to become a key export hub, says the Federation of Thai Industries (FTI).

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GENERAL

A lever to capture corporate tax scofflaws

Business, Wichit Chantanusornsiri, Published on 23/05/2024

» Global tax reform efforts, led by the Organisation for Economic Co-operation and Development (OECD), have been building momentum since 2021, reaching agreement on one of the two pillars of tax reform: the establishment of a global minimum tax.

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GENERAL

Baht fundamentals have deteriorated

Business, Published on 23/05/2024

» Uncertainty surrounding the US interest rate trajectory, alongside geopolitical tensions, underpin much of the baht's weakness so far this year. We think the baht will trade sideways and reach 37.50 to the US dollar by year-end once these temporary factors subside.