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BUSINESS

SEC allays crypto furore

Business, Darana Chudasri, Published on 02/03/2021

» The Securities and Exchange Commission (SEC) is backing off its draft plan to require a 1-million-baht minimum annual income and other requirements for cryptocurrency investors, noting the draft was just meant to test public sentiment from stakeholders.

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BUSINESS

Developers among the first to proffer initial coin offerings

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

» SET-listed property developer SC Asset will soon launch an initial coin offering (ICO) in what will be the first of its kind in Thailand, after the Securities and Exchange Commission (SEC) approved trading of real asset tokens this month.

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BUSINESS

Aurora raises registered capital to list on bourse

Business, Darana Chudasri, Published on 05/03/2021

» Aurora, the country's largest gold and jewellery retailer, plans to raise its registered capital by an additional 200 million baht to meet the regulator's requirement for a minimum of 300 million baht to list on the Stock Exchange of Thailand.

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BUSINESS

MQDC, MTL offer package for seniors

Business, Darana Chudasri, Published on 09/03/2021

» Property developer Magnolia Quality Development Corporation (MQDC) in alliance with Muang Thai Life (MTL) Assurance is offering an end of life package to senior citizens that includes lifetime care, health insurance and a non-transferable lease on a condo or house for 35 million baht.

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BUSINESS

Viriyah sets aside B500m to back IT

Business, Darana Chudasri, Published on 11/03/2021

» Viriyah Insurance, the country's largest auto insurer, has earmarked a budget of 500 million baht starting from this year for advanced IT networking development to speed up the insurance claims process.

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BUSINESS

TQR opens with a flurry, gaining 200%

Business, Darana Chudasri, Published on 18/02/2021

» TQR Plc, a reinsurance arm of TQM Corporation, made a strong debut on the Market for Alternative Investment (MAI) on Wednesday, with its share price bucking an otherwise weaker market to close up 200% at 15.30 baht.

BUSINESS

Pension products in need of a rejig

Business, Darana Chudasri, Published on 19/02/2021

» Pension insurance products need to be revamped to tap an ageing population and provide customers with enough savings to maintain their lifestyles during retirement, says Sara Lamsam, president of the Thai Life Assurance Association (TLAA).

BUSINESS

SET warns of volatility for TQR prices

Business, Darana Chudasri, Published on 20/02/2021

» The Stock Exchange of Thailand (SET) has warned investors to be cautious when trading TQR shares as the price is fluctuating wildly with a low portion of free float, following a roller-coaster morning trading session.

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BUSINESS

Bitcoin surges to another all-time high at B1.74m

Business, Darana Chudasri, Published on 23/02/2021

» Bitcoin rose to another all-time high on Monday at 1.74 million baht, or US$58,330.57 apiece, as physical spot gold hit a seven-month low with traders suggesting the current price dip is a good time to buy gold.

BUSINESS

TQM turns to M&A strategy

Business, Darana Chudasri, Published on 24/02/2021

» TQM Corporation, the only SET-listed insurance broker, announced it will count on joint ventures and acquisitions this year as key drivers of its goal to achieve 50 billion baht in insurance premiums by 2026.