Main
Thailand records no tourists between April and June with a possible income loss of nearly 400 billion baht
There weren't any foreign tourists in June, the third straight month in a row, as the government continues to prolong the entry ban for general tourists with no clear end in sight. According to the Ministry of Tourism and Sports,...
Market Watch
The Office of Industrial Economics says the manufacturing sector is recovering due to COVID-led demand
Thailand's manufacturing production index (MPI) dropped by 17.7 per cent year-on-year to 83.02 points in June, the Office of Industrial Economics (OIE) said on Wednesday.However, the index did increase by 4.2 per cent from May which represents two consecutive...
Main
Sethaput to be next Bank of Thailand governor
Multiple sources confirmed on Wednesday that Sethaput Suthiwart-Narueput will be the next Bank of Thailand governor, replacing current governor Veerathai Santiprabhob who is due to retire at the end of September.The sources inside the cabinet and parliament said...
Market Watch
MINT’s capital raising offering receives extra 30 per cent on subscribers
Minor International Pcl (MINT), the leading hotel operator in the ASEAN region, reported that the company has succeeded in offering 9,858 million baht capital raising shares with 30 per cent higher on expected subscriber numbers.MINT’s Right Offering was designed...
Market Watch
EXCLUSIVE: The car industry should be able to keep on hiring if there is no second wave, the FTI said
Production, domestic sales and exports of cars continue to drop by 40-50 per cent in June but manufacturers are still maintaining a production target of 1.4 million units for 2020, the industry’s representative said on Thursday.In comparison, there were...
Market Watch
GULF and BGRIM share prices plunge as ADB offers 5 per cent discount in big lot transactions
On Thursday morning, Asian Development Bank (ADB) reportedly made big lot transactions of Gulf Energy Development Plc (GULF) and B.Grimm Power Plc (BGRIM), causing share prices of both GULF and GRIMM to decline on the Stock Exchange of Thailand...
Main
Industries sentiment increases for two months in a row
The Thai Industries Sentiment Index (TISI) has increased for two months in a row as economic activity resumes, the Federation of Thai Industries (FTI) said on Thursday. The index climbed from a low of 75.9 points in April to...
Market Watch
Brokers see positive signs for CPF share as pork price rises
Charoen Pokphand Foods Plc (CPF) is performing well on the shares market with more than a 50 per cent increase in profit estimate as a result of the rising pork price in the market. Asia Wealth Securities estimates that 2020...
Main
BOT says they are not manipulating the currency
The Thai central bank does not intervene with the baht in order to gain a trade advantage, the Bank of Thailand (BOT) said on Thursday. BOT's comments came after UBS Group said on Wednesday that Thailand and Taiwan could be...
EnquiStock
Political changes and protests will not hurt stock markets, the economy will
Over the past two weeks, the local and international press have covered news of student protests and resignations of Thailand’s economic team and ministers. The protests, though relatively small at this stage, may worry investors given Thailand’s history of...
