Bangchak Pursues Carbon Trading in ASEAN
An initiative to establish a carbon credit market in ASEAN is gaining momentum as Bangchak Corp, an energy conglomerate, partners with Bursa Malaysia, the Malaysian stock exchange, to advance this…
Gold Surpasses $2,500 for the First Time
Gold has reached a new milestone, exceeding $2,500 an ounce for the first time, driven by expectations that the US Federal Reserve is moving closer to interest rate cuts. On…
Neo Corporate Targets Premium and Export Markets
Neo Corporate, listed on the SET, aims to focus on the premium market and export opportunities to achieve double-digit growth annually over the next five years. This strategy comes after…
Asian Stocks Surge on Positive US Economic Outlook
Asian stocks rallied on Friday as investors returned to risk assets following encouraging US jobs and retail sales figures that alleviated recession fears. The Thai index climbed back above 1,300…
CPN reported a 21% increase in revenue for the second quarter.
Central Pattana (CPN) announced its total revenue for the second quarter at 13.5 billion baht, reflecting a 21% increase year-on-year, alongside a net profit of 4.56 billion baht, which is…
UOB Supports Companies in Their Regional Expansion Initiatives
UOB Thailand is dedicated to assisting major local corporations in their efforts to expand into Southeast Asia in order to tap into the significant growth potential of regional economies, while…
Baht Strengthens to Below 35 Per Dollar
The baht has appreciated to below 35 per US dollar, influenced by a weakening dollar as markets anticipate a rate cut from the Federal Reserve following the release of recent…
AssetWise Achieves Record Revenue in Q2
SET-listed developer AssetWise achieved a record revenue in the second quarter, driven by strong performances from its campus condo and Phuket projects, with expectations to sustain this momentum in the…
Loan growth is experiencing a slowdown due to a credit crunch.
Kasikorn Research Center (K-Research) has revised its total loan growth forecast for the banking sector in 2024, lowering it to 1.5% from a previous estimate of 2.5-3.5%. This adjustment is…
Anticipated Rate Cuts by BoT Amid Slowing US Economy This Year
According to KGI Securities (Thailand), the US economy is anticipated to experience a cyclical slowdown beginning in late 2024 and extending into 2025, prompting the Bank of Thailand (BoT) to…