Showing 1 - 10 of 29
Bond market steady, but risks remain
Business, Nuntawun Polkuamdee, Published on 08/01/2026
» Thailand's bond market is expected to remain stable in 2026, with corporate bond issuance projected at 900 billion baht, reflecting corporates' reliance on the debt market amid subdued economic growth and expectations of easing interest rates, says the Thai Bond Market Association (ThaiBMA).
CMAN to Acquire 60% Stake in Indonesian Lime Firm
Published on 14/10/2025
» Expanding its footprint across Southeast Asia, Chememan Public Company Limited (CMAN) has entered into agreements to acquire a 60% equity stake in PT Bukit Bunea (BB), a subsidiary of Indonesia’s PT Citatah Tbk (CTTH). The acquisition, valued at USD 10.5 million (approximately THB 336 million), will be executed through the purchase of newly issued shares under a Conditional Shares Subscription Agreement (CSSA) and a Shareholders’ Agreement (SHA) with CTTH and its founder, Mr Taufik Johannes. The strategic investment remains subject to customary conditions precedent and is expected to be completed by the second quarter of 2026.
Fitch: Bad loans expected to pressure large Thai banks
Business, Somruedi Banchongduang, Published on 27/08/2025
» Thailand's six major banks are likely to face rising asset risks over the next several years, pressured by a continued increase in impaired loans, according to Fitch Ratings Thailand.
Jasmine strikes $560m English Premier League deal
Bloomberg and Post Reporters, Published on 12/11/2024
» The Thai telecom carrier Jasmine International Plc has agreed to pay as much as US$560 million for rights to broadcast English Premier League (EPL) football, seeking to attract customers to its streaming business.
Scandal stalks stocks
Nareerat Wiriyapong, Yuthana Praiwan and Nuntawun Polkuamdee, Published on 22/07/2024
» The Stock Exchange of Thailand (SET) was recently hit by an accounting and embezzlement scandal at Stark Corporation, which is estimated to have cost at least 14.7 billion baht in damages to shareholders and stock investors.
Ailing EA seeks strategic partner
Business, Nareerat Wiriyapong and Nuntawun Polkuamdee, Published on 16/07/2024
» Embattled Energy Absolute (EA) is seeking a strategic partner to help it with debts of 19.5 billion baht due this year, after a credit downgrading caused the SET-listed renewable energy company difficulty in mobilising fresh funds via bond issuance.
Energy Absolute stock dives as CEO quits, rating is cut on probe
Bloomberg and Reuters, Published on 16/07/2024
» Energy Absolute Plc (EA) shares plunged by the 30% daily limit on Tuesday after the founder and chief executive quit over a fraud probe and its credit rating was slashed to junk, even as the renewables company said it is seeking outside support for its business.
Thai banks told to focus on tech as returns wane
Business, Somruedi Banchongduang, Published on 03/04/2024
» Thai banks are being urged to ramp up their technology transformation efforts to enhance their income after a study found they had the lowest return on equity (ROE) ratio in the region, despite maintaining strong competitiveness compared with their regional peers.
Italian-Thai Development faces B108bn debt crunch as overseas projects fail
Bloomberg News, Published on 14/03/2024
» A cash crunch at Thailand's largest construction company is fuelling concern among investors, regulators and rating agencies already unnerved by a series of local corporate scandals and debt defaults.
Maybank: Thai bond market sturdy this year
Business, Nareerat Wiriyapong, Published on 19/01/2024
» The Thai bond market remains resilient with ample liquidity to serve new issuances this year, including government bonds issued under a special bill to fund the 500-billion-baht digital wallet scheme, says Maybank Securities.