Market Summary for January 31, 2025: Thailand’s SET Index Declines by 1.58% to 1,314.50
Thailand’s SET Index experienced a decline of 1.58%, closing at 1,314.50 points, primarily driven by sell-offs in large-cap stocks and profit-taking in the banking sector. Trading volume reached 53.36 billion…
Central Bank: Weak Consumption Limiting Growth of Thai Economy
Thailand’s economic growth may face challenges this year after experiencing a weaker-than-anticipated fourth quarter, during which consumption sharply declined despite a government cash handout intended to boost sluggish growth, according…
Bank of Thailand Cracks Down on Mule Accounts
The Bank of Thailand is tightening regulations on financial transactions to combat mule accounts and plans to implement stricter measures for digital assets and e-wallets in the upcoming phase. Roong…
TikTok Plans to Invest $3.8 Billion in Data Center in Thailand
TikTok plans to invest 127 billion baht ($3.8 billion) in Thailand to establish a data hosting service, as announced by the Board of Investment (BoI) on Wednesday. The new data…
Business registrations expected to increase by as much as 4%
The Department of Business Development (DBD) projects an increase in new registered businesses by 2-4%, reaching between 90,000 and 95,000 this year, with lifestyle, innovation, and business management identified as…
Thai business preparing for trade war
The Thai business sector is closely monitoring the implications of Donald Trump’s second term, particularly his “Golden Age of America” vision, which focuses on boosting the US economy through increased…
Proposed Overhaul of Battery Tax to Incentivize Energy Efficiency
The Finance Ministry intends to propose a revision to the battery tax to the cabinet next month, shifting from a flat rate applicable to all battery types to a tiered…
Listed Banks Report 7% Growth in Net Profits Last Year
The banking industry experienced a milder net profit growth of 7% in 2024, reflecting the prevailing economic conditions in the country. This positive result was bolstered by a decrease in…
Mixed Impact of Trump Administration on Thailand
The “Trump 2.0” policies, which refer to strategies employed by the US president during his second term, are projected to affect various products, including computers, equipment and components, electronic devices,…
Thailand Aims to Dodge US Tariff Impact
Citi Thailand anticipates that increases in US tariffs will have a minimal impact on Thai exports, as the country is not a primary target of American trade policies. Nalin Chutchotitham,…