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BUSINESS

Zipmex crisis creates toxic Thai legacy

Business, Poonyapat Luenam, Published on 12/08/2022

» Smith Chayavorakul had been investing in cryptocurrency for eight months, riding the boom-and-bust cycle of market prices. But things changed when the Singapore-based crypto exchange Zipmex prevented investors from making withdrawals after it was caught in the market meltdown.

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BUSINESS

Bangkok Airways REIT to launch soon

Business, Poonyapat Luenam, Published on 16/08/2022

» Bangkok Airways Plc's real estate investment fund BAREIT will be available to invest in next week with an expected yield of 8.09-8.95% in the first year, reflecting the growth potential of its Samui Airport-based assets, the regional carrier said on Monday.

BUSINESS

Bitkub and Circle team up for USDC

Business, Poonyapat Luenam, Published on 19/07/2022

» Bitkub has joined hands with Circle, a peer-to-peer payment platform developer, to promote the digital stablecoin USDC in Thailand.

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BUSINESS

Seek and Keep Genesis preps service

Business, Poonyapat Luenam, Published on 20/07/2022

» Seek and Keep Genesis is set to launch Keep Di, an insurance bureau platform that collects users' data using blockchain, in September to provide customers more secure digital privacy and token-earning opportunities.

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BUSINESS

Tourism recovery boosts MINT revenue

Business, Poonyapat Luenam, Published on 26/07/2022

» Minor International (MINT) expects revenue from its core accommodation, food and lifestyle businesses to drive profitability in the second half of the year as the recovering tourism industry boosts demand for hospitality services.

BUSINESS

Tisco ESU tips healthcare, tech amid recession fears

Business, Poonyapat Luenam, Published on 27/07/2022

» Tisco Economic Strategy Unit (Tisco ESU) recommends investing in healthcare and tech stocks as it expects the US Federal Reserve to increase interest rates by another 75 basis points at its meeting on July 27, raising the risk of recession.

BUSINESS

SEC, UN team up for investor map

Business, Poonyapat Luenam, Published on 07/07/2022

» The Thai Securities and Exchange Commission (SEC) and the local division of the UN Development Programme (UNDP Thailand) have launched the Thailand SDG Investor Map, a market intelligence tool aimed at increasing financing for sustainable development goals (SDGs) priorities that align with government development plans.

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BUSINESS

Voyager Digital goes bust after loan default

Business, Poonyapat Luenam, Published on 08/07/2022

» Voyager Digital, a major cryptocurrency investment firm, declared bankruptcy on July 6 after crypto hedge fund Three Arrow Capital (3AC) defaulted on a US$650 million loan.

BUSINESS

ASPS sees rosy outlook for Chinese stocks

Business, Poonyapat Luenam, Published on 12/07/2022

» The Thai stock market may plunge to a bear market in the second half of the year as the widening policy rate gap between the US and Thailand could trigger outflows, according to Asia Plus Securities (ASPS).

BUSINESS

Allianz sets out plan to add 7m Asian customers

Business, Poonyapat Luenam, Published on 14/07/2022

» Allianz Asia Pacific aims to increase its customers to 18 million by 2025, up from 11 million, by expanding distribution channels and utilising digital solutions to enhance the efficiency of its services.