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GENERAL

Prudential posts 11% rise in premiums in 2023

Business, Nuntawun Polkuamdee, Published on 09/04/2024

» Prudential Life Assurance (Thailand) reported total insurance premiums of 34.7 billion baht last year, an increase of 11% from 31.3 billion in 2022, ranking seventh among Thai life insurers.

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INVESTMENT

More support vowed for retail investors

Business, Nuntawun Polkuamdee, Published on 09/04/2024

» The Thai Investors Association (TIA) is promising to be more active in assisting class action lawsuits by establishing a centre to help retail investors who claim damages from stock investments.

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GENERAL

Bond default risk minimal in Q2

Business, Nuntawun Polkuamdee, Published on 05/04/2024

» The likelihood of bonds defaults in the second quarter is relatively low, with total default value projected at less than 1% of the total outstanding market value, says the Thai Bond Market Association (ThaiBMA).

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GENERAL

Plan to legalise casinos a boon for AWC

Business, Nuntawun Polkuamdee, Published on 05/04/2024

» Asset World Corporation (AWC) would be the main beneficiary of the government plan to legalise casinos as part of entertainment complexes as the company operates luxury hotels and retail centres near potential sites for these developments, says Tisco Securities.

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INVESTMENT

SEC tightens rules on NVDRs

Business, Nuntawun Polkuamdee, Published on 02/04/2024

» The Securities and Exchange Commission (SEC) is prohibiting local securities companies from accepting orders for purchases, transfers or exchanges of securities that would result in Thai investors gaining more possession of non-voting depositary receipts (NVDRs).

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GENERAL

LiVE initiative targets entrepreneurs in high-growth sectors

Business, Nuntawun Polkuamdee, Published on 29/03/2024

» LiVE Platform, developed by LiVE Fin Corp under the Stock Exchange of Thailand (SET), is launching a new initiative aimed at enhancing the potential of 60 entrepreneurs, small and medium-sized enterprises (SMEs) and startups in targeted high-growth industries.

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GENERAL

Global equity income touted on Fed rate move

Business, Nuntawun Polkuamdee, Published on 29/03/2024

» The Federal Reserve is expected to cut US interest rates 2-3 times this year starting from its June meeting, making global equity income a promising investment, says London-based Newton Investment Management.

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GENERAL

Gulf consortium strongest virtual bank contender

Business, Nuntawun Polkuamdee, Published on 29/03/2024

» The consortium including Gulf Energy Development, Advanced Info Service (AIS), Krungthai Bank (KTB) and PTT Oil and Retail Business (OR) is the strongest contender among the applicants for a virtual bank licence, says Asia Plus Securities (ASPS).

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GENERAL

Ruling labelled a 'regulatory blip'

Business, Nuntawun Polkuamdee, Published on 26/03/2024

» Stock analysts believe the Supreme Administrative Court's order that the Central Administrative Court accept a lawsuit filed by five individuals, requesting the nullification of the National Broadcasting and Telecommunications Commission's (NBTC) resolution to acknowledge the merger of True Corporation and Total Access Communication (DTAC), is just another regulatory blip.

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INVESTMENT

Listed companies' 2023 dividends tally 593bn

Business, Nuntawun Polkuamdee, Published on 22/03/2024

» More than 580 listed Thai companies on the Stock Exchange of Thailand (SET) paid combined dividends worth 593 billion baht last year, down from 611 billion in 2022, mainly attributed to lower profits.