Main
SCB suspends online debit card service after hackers expose vulnerabilities
Siam Commercial Bank said they would temporarily be suspending online transactions for debit card holders after finding vulnerabilities, local media reported.SCB, one of Thailand’s largest banks, said on Saturday that their system was hacked and vulnerabilities were...
Main
One billion perpetual bonds sold out for Ananda while challenges await in 2020
Ananda Development PCL (ANAN) was reportedly successful in offering 1,000 million baht perpetual bonds with a 9.5 per cent yield in the first five years to all investors during August 14, 17 and 18, 2020. ANAN said it prepared all...
Main
VGI and PLAN B adversely affected by low ridership during coronavirus pandemic
VGI PCL (VGI), a leading out-of-home media service operator, reported a net loss of 104 million baht in the first quarter of the 2021 fiscal year, reflecting the severe effect of the coronavirus pandemic.In
the past months, a coronavirus outbreak...
Main
Central Retail reports second-quarter loss of 2.6 billion baht; fashion sales hit hardest
Central Retail Corporation PCL (CRC) reported its second-quarter financial performance for 2020 as the company’s earnings came in at a loss of 2,590 million baht, sharply declining by 293 per cent year-on-year and 448.7 per cent quarter-on-quarter. The results missed...
Main
Thailand’s Q2 GDP shrinks by 12.2 per cent as fall in tourism and exports hurts country’s economy
Thailand’s economy shrunk by as much as 12.2 per cent during the second quarter of 2020, a government think-tank, the National Economic and Social Development Council (NESDC) announced Monday.The gross domestic product (GDP) during the second quarter was...
Main
Cabinet’s approval only a “baby step” forward for medical marijuana but momentum is gaining
The cabinet's approval for patients and community doctors to produce medical marijuana is a good start but it could be years before the law is enacted, experts said. However, the move has reignited attention and demands are expected to increase...
Main
Digital lending could take off in Thailand with the right moves
Thailand’s digital lending platforms are still in its infancy but this could take off if the right moves are undertaken such as the use of data mining in order to increase the customer base.Digital lending has recently become the...
Market Watch
ADVANC profits decline in 2Q20 due to COVID-19, still better than analysts estimate
Advanced Info Service PCL (ADVANC), one of the largest mobile phone operators in Thailand, has reported its quarterly earnings through the Stock Exchange of Thailand (SET) showing losses due to the impact of the coronavirus pandemic.Net profit of...
Main
Revenue and profits drop sharply for Bumrungrad Hospital
Bumrungrad Hospital Plc., one of the country’s leading high-end healthcare operators, reported a sharp decline in its quarterly earnings after the country was faced with a coronavirus-induced lockdown that barred foreign visitors from coming into the country, a key...
Market Watch
A survey of 100 CEOs said that Prayut should not head any economic team
In an interview with a local newspaper, 100 chief executive officers interviewed by the paper said that Prime Minister Prayut Chano-ocha should not lead the government’s new economic team.According to Krungthep Turakij’s, the majority of the participants said that...
