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BUSINESS

Fed rate fears spark SET correction

Business, Darana Chudasri & Nuntawun Polkuamdee, Published on 06/02/2018

» The Stock Exchange of Thailand (SET) yesterday suffered a sharp correction as foreign investors were spooked by the possibility of a faster rate hike by the US Federal Reserve after January's upbeat US employment and wage data.

BUSINESS

PTTEP bumped up in Moody's ratings

Business, Published on 06/02/2018

» Moody's Investors Service has upgraded PTT Exploration and Production's (PTTEP) Bongkot gas field acquisition on a credit positive.

BUSINESS

Wall Street quiet as Yellen bows out, SET barely moves

Business, Nuntawun Polkuamdee & Darana Chudasri, Published on 03/02/2018

» Recap: The US stock market moved in a narrow range this past week with few market-moving developments. The US Federal Open Market Committee, as expected, left its benchmark interest rate unchanged at the last meeting chaired by Janet Yellen. Her successor as Federal Reserve chief, Jerome Powell, officially takes over today.

BUSINESS

IBank hopeful of partnership

Business, Wichit Chantanusornsiri, Published on 03/02/2018

» Vitai Ratanakorn, acting president of state-owned Islamic Bank of Thailand (IBank), has voiced confidence that the ongoing search for a partner will be concluded soon, even though the bank's attempts to strike a deal have failed twice.

BUSINESS

BLS predicts all-time SET high of 1,860 by mid-year

Business, Nuntawun Polkuamdee, Published on 02/02/2018

» The Stock Exchange of Thailand (SET) index is expected to hit an all-time high of 1,860 points during mid-year, supported by Thailand's continued economic recovery and listed firms' net profit growth, says Bualuang Securities (BLS).

BUSINESS

Tata expects Thai demand to grow on state projects

Business, Lamonphet Apisitniran, Published on 02/02/2018

» SET-listed Tata Steel Thailand Plc (TSTH), the Thai unit of India's largest steelmaker, expects Thai steel demand to grow by 5-8% this year to 18 million tonnes thanks to the government accelerating infrastructure projects.

BUSINESS

Thaicom losses in free fall

Business, Published on 02/02/2018

» Thaicom Plc's net profit dropped 99% year-on-year to 20 million baht for its core business in 2017 after it lost 3.3 billion in its Orion Satellite System subsidiary.

BUSINESS

VietJet results beat outlook

Business, Published on 02/02/2018

» Low-cost airline VietJet Aviation recorded a 6.55-billion-baht pre-tax profit in 2017, up 75.9% from 2016 and 126% from projections made early last year.

BUSINESS

Wage hike to give SMEs tax windfall

Business, Wichit Chantanusornsiri, Published on 01/02/2018

» Small and medium-sized enterprises (SMEs) with annual sales of up to 100 million baht in 17 provinces where the daily minimum wage will be raised by an average of five baht will enjoy a double windfall from the government's measure that lets them deduct expenses for minimum wages.

BUSINESS

JFin continues to draw retail interest

Business, Darana Chudasri, Published on 31/01/2018

» Retail investors have reaffirmed their interest in JFin coin, saying digital currencies have garnered investment appetite around the globe and are expected to become a lucrative asset class in the future.