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BUSINESS

DIF Web Portal ushers in electronic bond offerings

Business, Post Reporters, Published on 30/06/2023

» The Stock Exchange of Thailand (SET) has joined forces with the Association of Thai Securities Companies and the Thai Bankers' Association to launch a digital infrastructure for fully electronic end-to-end bond offerings.

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BUSINESS

Rubber sector urged to adapt to cope with global challenges

Business, Phusadee Arunmas, Published on 30/06/2023

» Rubber farmers, entrepreneurs and exporters are being advised to swiftly adapt to various challenges, including geopolitical conflicts and environmental measures that may impact agricultural trade, as well as European Union (EU) laws regarding products and deforestation.

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BUSINESS

Mama maker invests B300m in Hungary

Business, Pitsinee Jitpleecheep, Published on 30/06/2023

» Thai President Foods Plc, the producer of Mama instant noodles, is set to invest an additional 300 million baht to double production in Hungary.

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BUSINESS

TAT homes in on Asian expatriate segment

Business, Molpasorn Shoowong, Published on 30/06/2023

» The Tourism Authority of Thailand (TAT) is eyeing Asian expatriates, including Chinese nationals residing in Laos and Cambodia, due to their increasing wealth and demand for sending their children to study in Thailand.

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BUSINESS

Thai banks top Asean bad debt rankings

Business, Nuntawun Polkuamdee, Published on 30/06/2023

» Thailand's top three banks have combined non-performing loans (NPLs) of more than US$9.6 billion, the highest in Southeast Asia, but Thai banks overall still have a high level of reserves for bad debts, says the Federation of Thai Capital Market Organizations (Fetco).

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BUSINESS

Saha Group agrees to forge gold venture

Business, Pitsinee Jitpleecheep, Published on 30/06/2023

» Saha Group, one of Thailand leading consumer goods conglomerates, is diversifying into the gold business.

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BUSINESS

TPCH eyes 40% revenue increase in 2023

Business, Yuthana Praiwan, Published on 05/07/2023

» SET-listed TPC Power Holding (TPCH), the renewable power generation arm of construction firm Thai Polycons Plc, expects revenue to grow by 30-40% in 2023, from 2.7 billion baht last year, thanks to increased management of power plants.

BUSINESS

Analysts downgrade target for Thai bourse

Business, Nuntawun Polkuamdee, Published on 05/07/2023

» The Investment Analysts Association (IAA) has revised down its estimate for the Stock Exchange of Thailand (SET) index this year to 1,630 points from 1,707, indicating domestic politics, interest rates and geopolitics are still factors to monitor in the third quarter.

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BUSINESS

Streaming platform rolls out TrueID ONE package

Business, Published on 30/06/2023

» TrueID, a leading streaming platform, has launched an entertainment package called "TrueID ONE", offering a lineup of TrueID+, Prime Video, WeTV and iQIYI for 299 baht per month.

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BUSINESS

Factory output falls 3.14%, less than forecast

Reuters, Published on 30/06/2023

» Thailand's manufacturing production index (MPI) in May dropped by a less than expected 3.14% from a year earlier as exports remained sluggish, the Industry Ministry said on Friday.