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BUSINESS

Cigarette excise rejig to level field

Business, Wichit Chantanusornsiri, Published on 30/01/2021

» The amended excise tax structure for cigarettes is scheduled to take effect on Oct 1, in response to the Tobacco Authority of Thailand's request to review the 40% flat tax rate, says the Excise Department.

BUSINESS

TPIPP wins bid for 8MW waste-to-energy scheme

Business, Yuthana Praiwan, Published on 30/01/2021

» TPI Polene Power Plc (TPIPP), the renewable power generation arm of cement maker TPI Polene Plc, has won bidding on an eight-megawatt waste-to-energy (WTE) project in Songkhla, its first WTE project in three years.

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BUSINESS

Robinhood, Other Brokerages Restrict Trading on GameStop, AMC

Business, Published on 30/01/2021

» Popular online brokerages restricted trading in highflying stocks including GameStop Corp. and AMC Entertainment Holdings Inc., sapping some of the euphoria around shares of companies that individual investors have sent skyrocketing in recent days.

BUSINESS

Commerce launches new site

Business, Phusadee Arunmas, Published on 30/01/2021

» The Commerce Ministry has launched the MOC Online One-Stop Service, gathering 85 services covering new business registration, intellectual property, international and internal trade, earlier provided by nine agencies under the ministry, on one site.

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BUSINESS

Export recovery poised to continue, says BoT

Business, Somruedi Banchongduang, Published on 30/01/2021

» Exports are expected to continue improving, following the return to growth in December, the first uptick in 10 months, supported by higher demand from trading partners and better global trade sentiment, says the Bank of Thailand.

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BUSINESS

Facebook to test letting advertisers avoid topics

AFP, Published on 30/01/2021

» SAN FRANCISCO: Facebook on Friday said it is working on a way to let advertisers avoid having marketing messages appear in feeds alongside content they'd rather not be associated with.

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BUSINESS

Global equities tumble while GameStop surges in frenzied trading

AFP, Published on 30/01/2021

» NEW YORK: Global stocks finished an ugly week with another volatile session Friday as the buying frenzy over GameStop and some other equities resumed amid stepped-up scrutiny from regulators.

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BUSINESS

Traditional markets to support SET's new project

Business, Published on 30/01/2021

» SET Group, the organisation operating the Stock Exchange of Thailand and other local bourses, has ambitious plans for the digital future of finance by making considerable structural changes in preparation for the launch of its own digital asset exchange.

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BUSINESS

Equities correct after frenzied week of retail trade

Business, Published on 30/01/2021

» Recap: US government stimulus propelled stock markets to record highs, encouraging retail investors to rush in, before an inevitable correction after a bruising battle between hedge funds and retail investors. But European stocks fell yesterday as coronavirus vaccine supply problems cooled risk appetite, while Asian equities also recorded weekly declines.

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BUSINESS

Crypto crystal ball

Business, Published on 30/01/2021

» 2020 was certainly not the year anyone expected. In the financial services sector, early expectations for more mainstream adoption of blockchain and cryptocurrency failed to materialise.