Market Watch
Supreme Administrative Court orders Thai government to pay 24 billion baht in compensation to Hopewell
On Wednesday, the Supreme Administrative Court dismissed a new inquiry into the case against Hopewell and ordered the Thai government to pay 24 billion baht in compensation to the company.The Transport Ministry and the State Railway of Thailand (SRT)...
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STA-STGT share prices drop 10 per cent as COVID-19 vaccines test positive
On Wednesday morning (July 22, 2020), the Sri Trang Agro-Industry (STA) and Sri Trang Gloves Thailand (STGT) share prices dropped as a response to positive news for a coronavirus vaccine.As of 10:17 a.m. local time in Thailand (GMT...
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Upticking political uncertainty poses worsening risk to Thai economy, experts say
The political movement from the anti-government group could put Thailand under heavy political strain, something which could hamper an economy already feeling the effects of the coronavirus pandemic.A protest organized this past Saturday by student groups was the...
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Bank of Thailand to propose soft loan extension till 2021
Bank of Thailand Governor Veerathai Santiprabhob revealed measures to support entrepreneurs through low-interest loans or 500 billion baht soft loans for customers in the SMEs sector on Tuesday.As the situation is undergoing a recovery state, the BOT is preparing...
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Banks’ second-quarter earnings reports continue to show a profit downswing
Net earnings reports coming from financial banks still show a sharp decline in profitability. Siam Commercial Bank (SCB) and its subsidiaries reported a consolidated net profit of 8.4 billion baht for the second quarter of 2020. Net profit slid 24...
Market Watch
Video Story: Thailand does not need IMF help in its fight against contraction
Thailand said it will not need help from the IMF as the country reels from the effects of the coronavirus pandemic.https://twitter.com/ThaiEnquirer/status/1285440914802917378
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Banks report dismal Q2 2020 earnings while TMB warns of 11.5 per cent contraction in 3rd quarter
Thailand’s banking sector announced the much-anticipated results of their second-quarter performance on Monday.The results show a sharp contraction in their earnings and higher reserve for possible doubtful loans to come in the near future as TMB says that...
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Hotels warned by government after hiking up prices ahead of Tiew Pun Sook campaign
Any hotel found guilty of hiking up their prices ahead of the “Tiew Pun Sook” campaign will be delisted from the government’s measures to promote domestic tourism, the government said on Monday.The Thai Hotels Association urged its members on...
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GH Bank announces increased loan loss reserves for rest of 2020
The Government Housing Bank, one of the largest non-listed but government-owned banks, announced that it was preparing to book more loan loss reserves to handle a surge of non-performing loans (NPLs).Chatchai Sirilai, the president of Government Housing Bank (GHB),...
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Experts say that new economic team has unenviable task as the global and local economy will take time to recover
Thailand’s economic team led by Deputy Prime Minister Somkid Jatusripitak and Finance Minister Uttama Savanayana resigned from their posts on Thursday, forced out by internal politics within the ruling Palang Pracharath Party.With the economy set to contract by at...
