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AMATA holds same 2020 outlook as uncertainties lie ahead
Amata Corporation PCL (AMATA), a leading industrial city developer, revealed that the company still maintains its target for 2020 at 950 rai of land sales. Land transfer revenue also accounted for 60-70 per cent of the backlog at the...
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VGI reports advertising losses but digital gains during coronavirus pandemic
The coronavirus-hit economy has led to a delay in advertising spending for most businesses, resulting in losses for the advertising giant ‘VGI’ to the tune of 104 million baht or -134.2 per cent in the first quarter 2020/21 with...
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Domestic car sales improve over the past three months but exports recovery is still marginal, experts said
Domestic car sales and the export of vehicles have improved over the past three months, industry’s experts said. Toyota Motor Thailand, the industry’s market leader, said on Monday that domestic car sales have reached 59,335 units in July, up from...
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KBANK and SCB shares drop slightly as bankruptcy rumor offset by BOT
The share prices of Kasikorn Bank and Siam Commercial Bank drop slightly on Monday morning due to rumors of the possible collapse of commercial banks in Thailand.During the weekend, Rangsan Thanapornpan, a Thammasat academic, said in an interview with...
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Exports contract at a much lower rate in July, a sign of gradual recovery, the Ministry of Commerce said
Export value contracted by 11.37 per cent year-on-year in July, compared to the 23 per cent drop in June, the Ministry of Commerce said on Monday. Pimchanok Vonkorpon, the director-general of the ministry’s Trade Policy and Strategy Office, said export...
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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...
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BCPG sees sharp drop in share price after capital hike news, parent firm reaffirms commitment to participate
BCPG Plc, one of Thailand’s power producers, shocked the market when it announced that it was raising capital, citing the need for it to be able to take the opportunity to pay down debts and expand its capacity in...
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Tourism stimulus campaign receives poor response
The tourism stimulus campaign (“เราเที่ยวด้วยกัน”) received lower uptakes than officials had expected, while analysts remain concerned for the hotel operators’ stocks over the effectiveness of the tourism campaign.Smith Banomyong, a spokesman of the Center for Economic Situation Administration (CESA),...
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Industries sentiment increases for third month in a row
The Thai Industries Sentiment Index (TISI) has increased for the third month in a row as economic activity resumes following the easing of the nationwide lockdown, the Federation of Thai Industries (FTI) said on Thursday.The index climbed from a...
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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...
