Showing 1 - 10 of 27
Baht all safe and sound
Business, Wichit Chantanusornsiri, Published on 24/04/2023
» While the recent banking debacle in the US and Europe sparked fears about a contagion spreading worldwide, the head of Thailand's Deposit Protection Agency (DPA) said since the agency's establishment in 2008, Thailand has never been close to requiring action to protect deposits.
Money market funds lure investors with returns
Business, Nuntawun Polkuamdee, Published on 19/04/2023
» Depositors have started to move their money from bank accounts to money market funds, in part because of ongoing concerns about the banking crisis and also offers of higher returns, according to a recent report from financial services company Morningstar.
Crypto spikes as SEC reassures public
Business, Nuntawun Polkuamdee, Published on 12/04/2023
» The price of Bitcoin surpassed US$30,000 on Tuesday, the highest level in 10 months, becoming the asset with the highest return year-to-date as investors become increasingly optimistic that the United States Federal Reserve (Fed) will soon end its aggressive monetary tightening.
Rebalance your portfolio
Business, Nareerat Wiriyapong, Nuntawun Polkuamdee, Somruedi Banchongduang and Sirinnaree Ongsakul, Published on 03/04/2023
» Investors have been keeping an eye on assets offering a decent return this year amid global market volatility and an economic slowdown.
Thailand unscathed by Western banking turmoil
Business, Somruedi Banchongduang, Wichit Chantanusornsiri, Nuntawan Polkwamdee and Sirivish Toomgum, Published on 27/03/2023
» Most economists from the public and private sectors expect the ongoing US and European banking crisis to have a limited effect on the Thai banking sector thanks to the solid fundamentals of local banks and the strong supervision of the Bank of Thailand.
Prepare to invest amid falling interest rates
Business, InnovestX Securities, Published on 25/03/2023
» The global economic and investment picture this month is strikingly different from last month. In our article last month "Global and Thai economy in a no-landing scenario", we warned about rising risks, even as others predicted a "no landing" situation, or an economy that can continue without slowing down or falling into recession.
SCBAM eyes 3-5% growth in assets
Business, Nuntawun Polkuamdee, Published on 24/03/2023
» SCB Asset Management (SCBAM) aims to grow its assets under management (AUM) by 3-5% this year from 1.6 trillion baht recorded in 2022.
Industries uneasy over banking crisis
Business, Lamonphet Apisitniran, Published on 24/03/2023
» Domestic car and motorcycle sales may bear the brunt if Thai financial institutions are affected by the risk of failed banks in the US and Europe, says the Federation of Thai Industries (FTI).
Arkhom calms jitters
Business, Wichit Chantanusornsiri, Published on 23/03/2023
» Finance Minister Arkhom Termpittayapaisith has offered reassurance that Thai financial institutions will not be affected by the banking debacle in the US and Europe as local organisations have little exposure to such banks.
Firms unfazed by US woes
Business, Phusadee Arunmas, Published on 22/03/2023
» The collapse of US banks is expected to have only a minor impact on Thai companies and the overall Thai economy, according to the latest business survey by the University of the Thai Chamber of Commerce (UTCC).