SCGP Sets a 15% Increase in Revenue Goal
SCG Packaging Plc (SCGP), a key player in the integrated packaging chain in Southeast Asia, maintains its revenue target to surge by 15% annually to 150 billion baht in 2024,…
Half-Year Profits of 10 Featured Banks Increase by 3.7% to Reach B126.4bn
The combined net profit of 10 SET-listed banks reached 126.4 billion baht in the first half of 2024, reflecting a 3.7% year-on-year increase. This growth was predominantly led by larger…
IMF revises Thailand’s GDP growth projection for the current year to 2.9%
The International Monetary Fund (IMF) has revised Thailand’s GDP growth forecast for this year to 2.9%, marking a 0.2 percentage point increase from the previous estimate, while maintaining a 3.1%…
Prime Minister Advocates Thailand’s Position as Financial Center
Prime Minister Srettha Thavisin highlighted Thailand’s ambition to establish itself as a leading financial hub during his address at the Finance Ministry’s “Ignite Finance” Initiative, aligned with his broader vision…
ThaiBev plans to exchange real estate holdings for shares
Thai Beverage, the largest brewer in Southeast Asia, has announced a strategic move to divest its real estate assets and transition into a focused drinks and food company through a…
Banks prepared for possible cross-default event in Emerging Markets Bond Index – EA
Major banks are preparing to allocate more than 10 billion baht in overall loan loss provisions for troubled Energy Absolute (EA) if the company encounters a cross-default situation, as outlined…
Grandson of CP Group’s CEO secures $60 million funding for AI startup
Amity Corp, a tech startup spearheaded by Thai billionaire Dhanin Chearavanont’s grandson, has concluded a funding round securing $60 million, the company’s CEO announced on Wednesday, with intentions of listing…
HSBC introduces sustainable financing for the supply chain
HSBC Thailand has identified significant opportunities in sustainable supply chain financial services within the Thai market. The bank aims to provide local small and medium-sized enterprises (SMEs) with enhanced access…
Thailand greenlights 100 billion baht soft loan program for financial institutions.
Thailand’s cabinet has greenlit a 100 billion baht (US$2.8 billion) soft loan initiative, allowing commercial banks to access funds at favorable rates to subsequently lend to borrowers below market rates,…
Businesses with the highest earnings unveiled.
The Department of Business Development has disclosed the leading types of businesses with the highest earnings in 2023. These findings were derived from an analysis of financial reports from companies…