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BUSINESS

Tisco warns of firms in rehab

Business, Nuntawun Polkuamdee, Published on 22/05/2020

» Investing in companies undergoing business rehabilitation comes with high risk because of uncertainty over the rehabilitation process and the reduction in capital, according to Tisco Securities.

BUSINESS

PTT upbeat on 2020 despite early losses

Business, Yuthana Praiwan, Published on 22/05/2020

» National oil and gas conglomerate PTT Plc and its subsidiaries listed on the Stock Exchange of Thailand (SET) have an optimistic business outlook for the rest of the year, despite heavy losses early in the year because of the collapse of oil prices.

BUSINESS

Tourism sector looks to resume domestic trips

Business, Dusida Worrachaddejchai, Published on 22/05/2020

» The tourism sector is unfazed by the possible extension of the emergency decree, with operators saying their businesses are flexible and it will not interrupt the goal to kick-start domestic travel nationwide in June.

BUSINESS

Baht, stability key to recovery

Business, Pitsinee Jitpleecheep, Published on 22/05/2020

» The government needs to manage the local currency to become more competitive and ensure political stability, two key tools to help reboot the virus-hit economy, says Boonsithi Chokwatana, chairman of consumer goods conglomerate Saha Group.

BUSINESS

Four banks trim prime lending rates

Business, Somruedi Banchongduang, Published on 22/05/2020

» Four commercial banks -- Kasikornbank (KBank), Siam Commercial Bank (SCB), Krungthai Bank (KTB) and Bank of Ayudhya (BAY) -- followed in the footsteps of Bangkok Bank (BBL), passing on some or more than the central bank's 25-basis-point rate cut for their prime lending rates.

BUSINESS

Monthly stipend scheme near 100%

Business, Wichit Chantanusornsiri, Published on 22/05/2020

» The scheme offering a monthly stipend of 5,000 baht is 99% complete, leaving only 240,000 appeal applicants under the review process, says a senior official at the Finance Ministry.

BUSINESS

Survival depends on literacy

Business, Darana Chudasri, Published on 22/05/2020

» Enhancing digital literacy and pursuing a customer-centric experience are necessary as businesses adapt to new behaviour during the pandemic, particularly with travel restrictions and changes in supply chains.

BUSINESS

Old risks fade, new risks emerge

Business, Piyasak Manason, Published on 23/05/2020

» May has been the month when investment and economic reality diverged. The global economic contraction is deepening. Composite purchasing managers' indices, the most timely economic indicator, hit a record low globally in April. Preliminary estimates for May show a slightly slower rate of contraction, but the figures are still in deep negative territory.

BUSINESS

15 days for BoT governor applications

Business, Wichit Chantanusornsiri, Published on 23/05/2020

» The application period for the next governor of the Bank of Thailand will last for 15 business days, from May 26 to June 16, and the shortlist of candidates will be concluded by July 2.

BUSINESS

LTFT wants swift end to decree

Business, Lamonphet Apisitniran, Published on 23/05/2020

» The Land Transport Federation of Thailand (LTFT) is opposing the government's decision to extend the emergency decree to the end of June, estimating that the order will cost the economy a further 300-400 billion baht during the one-month extension.