Search Results for: bonds
- Business News
Thai bond market bonds stronger, hits 17 trillion baht milestone
The Thai bond market reported a total outstanding value of 17 trillion baht (US$460 billion) in the first half of 2024, reflecting a 2.7% increase from the end of the previous year, as stated by the Thai Bond Market Association (ThaiBMA). Within this total, long-term corporate bonds accounted for 494 billion baht (US$13.4 billion), with the majority being investment-grade bonds…
- Business News
PDMO issues 20 billion baht in ESG bonds
The Public Debt Management Office (PDMO) is set to issue 20 billion baht in sustainable bonds to institutional investors this year. The public debt advisor for PDMO, Jindarat Viriyataveekul, stated that these bonds are designed for businesses adhering to environmental, social, and governance (ESG) principles. Sustainable bonds are a subset of ESG bonds, and PDMO currently has 467 billion baht…
- Business News
Thailand to issue US$1.1 billion sustainability-linked bonds
Thailand will issue up to US$1.1 billion (40 billion baht) in baht-denominated sustainability-linked bonds (SLBs) in the coming months, marking the first such offering by an Asian government. This initiative aims to address both the nation’s budget deficit and its environmental commitments. According to the public debt advisor at the Ministry of Finance, Jindarat Viriyataveekul, the proceeds from the bond…
- Events
Strengthening bonds: Italian Embassy in Thailand and TICC promote soft power through the Moviemov Italian Film Fest in Bangkok
Amidst an aura of anticipation and elegance, the red carpet was unfurled to welcome esteemed guests and cinephiles alike to the grand opening of the Moviemov Italian Film Fest on February 27, 2024. The spotlight illuminated the much-anticipated screening of the critically acclaimed film “C’è Ancora Domani” (There’s Still Tomorrow), a poignant portrayal of female empowerment, that commenced at 7.40…
- Business News
PDMO to sell 100 billion baht savings bonds for budget deficit funding
The Public Debt Management Office (PDMO) announced plans to sell 100 billion baht (US$2.78 billion) worth of savings bonds within the fiscal year to finance the budget deficit. The initial issue, valued at 40 billion baht (US$1.1 billion), will be offered next month, according to the director-general of the PDMO, Patchara Anuntasilpa. The first tranche of savings bonds for the…
- Thailand News
Thailand eyes foreign bonds to set private sector rates
Thailand’s Ministry of Finance is poised to issue foreign currency bonds for the first time in 20 years, a move that is not aimed at fundraising but at establishing a benchmark interest rate for the private sector. The announcement was made by Julapun Amornvivat, Deputy Minister of Finance, who stated that the Public Debt Management Office (PDMO) has been tasked…
- Business News
Invest in foreign bonds, REITs, healthcare, and tech stocks for 2024, advises Tisco bank
Tisco Bank’s Head of Wealth Advisory, Nattakrit Laotaweesap, advises investors to focus on foreign bonds, real estate investment trusts (REITs), and healthcare and technology stocks in the next year as a safeguard against potential downturns. The global economy’s pace is anticipated to decelerate next year due to the impact of tighter monetary policies, which could result in a potential downgrade…
- Business News
Thai bonds surge 5.8% amid elevated corporate debenture issuance
Thai bond valuations experienced a notable increase of 5.8% within the first nine months of the year, skyrocketing to a colossal 16.7 trillion baht. This rise was predominantly propelled by government and corporate bonds, as revealed by the Thai Bond Market Association (ThaiBMA). Corporate debentures, a significant part of this upswing, saw an issuance of 825 billion baht from January…
- Business News
BlackRock eyes Thai clean energy and sustainability bonds for investment
Global asset management giant, BlackRock Inc, with a staggering total of US$9.43 trillion worth of assets under its belt, has set its sights on expanding its business horizons in Thailand. The company is particularly interested in investing in the Thai government’s Sustainability Linked Bonds and the country’s clean energy sector, according to a statement by government spokesperson Chai Wacharonke. The…
- Business News
ThaiBMA warns investors about corporate bonds as firms struggle amidst pandemic
The Thai Bond Market Association (ThaiBMA) is urging caution among investors considering corporate bonds due to ongoing challenges faced by several companies in the aftermath of the Covid-19 pandemic. Ariya Tiranaprakit, ThaiBMA’s executive vice president, highlighted that three companies failed to meet debenture payments totalling 12.1 billion baht this year. Additionally, some firms struggled to adhere to corporate bond payment…
- World News
Nigeria’s eurobonds surge after Central Bank Governor suspension
Nigeria’s sovereign dollar-denominated bonds experienced a significant increase as international investors reacted positively to the suspension of Central Bank Governor Godwin Emefiele. His tenure saw multiple exchange rates that failed to maintain a strong naira. The country’s eurobonds prices surged, with many issues reaching their highest values since late January. Longer-dated maturities, such as the 2049 maturity, witnessed the largest…
- Thailand News
Foreign investors sell 123 billion baht in bonds since Russia’s war in Ukraine
Foreign investors of Thai bonds are selling off their baht in favour of the US dollar. Since Russia’s invasion of Ukraine, the Thai bond market has recorded net sales of some 123 billion baht in foreign capital. That’s according to the Thai Bond Market Associate, which reported the data for February 4 to March 28. Last month, about 100 billion…
- Business News
Finance: Stocks are hot, bonds are not
PHUKET: The post election weeks have seen many leadership stocks take off, with the overall breadth of the market uptrend being impressive. The market is being led higher by both small and mid cap stocks, plus sectors like energy, materials, industrial, technology and the economically sensitive Dow Transports – all positive signs for even higher stock prices in the months…
- Phuket News
Phuket Vagabonds develop RSA rugby scholarship
PHUKET: SOUTH African rugby club Kriel Roosters strengthened existing ties with Phuket by inking a deal to develop a scholarship program for promising youth players. The Kriel Roosters, based in Pretoria, have been regular participants at the Phuket International Rugby 10s tournament, winning in 2010 and reaching the finals of this years competition. Many teams remarked on the increase in…
- Phuket News
Phuket Viagrabonds into the Athena Siam Coffin Dodgers Cup
PHUKET: Phuket 10s Athena Siam Coffin Dodgers competition finished its qualifying stages , with home favourites Phuket Viagrabonds reaching the cup final due to be played on Sunday at Karon Stadium. All results from the semi finals are detailed below: Cottesloe Pirates 5 Arabian Gulf Legends 24 Selangor Old Dog 5 Asian Japanese Dragons 0 Bedhoff Kings 5 Bucks Stags…
- Phuket News
Aussie Navy trounces Vagabonds 36-10
KOH KEAW: After a tight game in the first half, the team from the visiting Australian Navy ship HMAS Newcastle took charge to score a convincing 36-10 victory over the Phuket Vagabonds at Dulwich International College field on Monday. The Vagabonds were the first on the scoreboard with an unconverted try in the 10th minute of the game. Their lead…
- Business News
Stark Corporation scandal costs 14.7 billion baht
Shareholders and stock investors of Stark Corporation are reeling from an accounting and embezzlement scandal that has incurred damages estimated at a staggering 14.7 billion baht. This debacle has impacted 4,704 shareholders and led to the prosecution of the former chairman and several top executives in what is deemed one of Thailand’s largest corporate frauds in recent years. Adding to…
- Thailand News
Former Justice Minister leads probe into Stark share scandal
Former Justice Minister Pongthep Thepkanjana has been appointed as the new head of the government’s working group investigating the multi-billion-baht Stark share scandal. Pongthep replaces Pichai Nilthongkham, who resigned, according to the Ministry of Justice. Pongthep’s appointment is accompanied by the inclusion of the Secretary-General of the Security and Exchange Commission (SEC), the President of the Thailand Federation of Accounting…
- Thailand News
Nong Prue kicks off anti-drug day with goal-driven football festival
Nong Prue Municipality is gearing up to host the Anti-Drug Day 2024 football competitions, an initiative to promote physical activity, community unity, and the fight against drug abuse. The event, spearheaded by Mayor Winai Inpitak, seeks to engage youth and adults in wholesome activities while underscoring the significance of avoiding illegal drugs. The football tournament is divided into two main…
- Business News
US economy thrives in 2024, China faces challenges
The US economy has been robust throughout 2024, buoyed by strong consumer spending, fiscal stimulus, and a thriving labour market. In contrast, Europe and Asia, particularly China, have faced economic challenges, with China’s real estate market issues impacting its overall economic performance. However, there are optimistic signs for the remainder of 2024 and into 2025. China’s leadership is beginning to…
- Lifestyle
5 ways to create passive income in Thailand
Ever thought about a scenario where your bank balance accumulates even when you are not actively working? This is a common aspiration and within the context of Thailand, it can become a reality with an array of opportunities available to achieve a consistent revenue stream. You have the option to invest in high-income portfolios, pursue a career in English teaching,…
- Business News
Baht to hit 37.25 per US dollar amid global currency slump
The Thai baht is expected to plummet to 37.25 against the US dollar in the near future, as Asian currencies have weakened to their lowest levels since 2022. This decline is driven by ongoing global volatility and outflows from Thai stock and bond markets amid uncertainty surrounding US interest rate cuts, according to economists. The Thai currency yesterday dropped to…
- Thai Life
The evolution of Buddhism in Thailand
Thailand’s Bhikkhu Sangha follows the Theravada discipline, similar to other Theravada communities worldwide. This has ensured uniformity in practices and beliefs and it has created a unique, rich cultural landscape. Buddhism has also shaped societal norms and values. Thai rulers often became monks, enhancing the religion’s status. This practice reflects the deep respect and commitment to Buddhism in Thai society.…
- Business News
Thai baht leads Asian currency declines amid holiday trade
Emerging Asian currencies experienced declines in holiday-thinned trade today, with the Thai baht leading the fall as the US dollar remained firm and Chinese economic data highlighted an uneven recovery trajectory. Markets were notably quiet across Asia due to closures in Singapore, Malaysia, Indonesia, the Philippines, and India. The Thai baht declined by up to 0.5%, influenced by weaker gold…
- Travel
Solo-traveling tips for socialising and safety in Thailand
Are you travelling solo in Thailand? As exciting as it is to solo travel, sometimes you may want some company. Well, if you are looking to make some new friends, Thailand is a great place for you to do so! Thailand is renowned for its welcoming citizens and global travellers and it offers an excessive number of opportunities for social…
- Lifestyle
How to take care of your spiritual health
As you explore Bangkok, you might seek peace and ways to enhance your spiritual well-being. How can you do this in such a deeply spiritual country? This guide will help you understand spiritual wellness in Thailand. In Thailand, spiritual health is a fundamental part of daily life. Monks’ routines and temple chants keep spirituality constantly present. However, figuring out how…
- Lifestyle
Guide of family adventures in Thailand
Thailand, a nation of profound culture and inexhaustible entertainment, is a centre for attractions suitable for family engagement. Regardless of one’s residence status, be it local or international, this dynamic country provides an array of opportunities to cultivate enduring memories with one’s family. Imagine an extraordinary 3D art gallery in Bangkok, interactive photographs, and alternatively, envision yourselves in Pattaya, appreciating…
- Entertainment
Korean artists and their impact on Thailand
Korean artists have deeply influenced Thai culture, reshaping various aspects of daily life. This phenomenon, rooted in the Korean Wave, has seen Korean music, especially KPOP, become immensely popular in Thailand. Thai fans avidly follow Korean artists, adopting their styles and integrating them into their own lives. Korean dramas also enjoy high viewership in Thailand. These shows often influence Thai…
- Lifestyle
How to surprise your date
In the swift current of today’s active lifestyle, allocating moments for romantic pursuits often falls by the wayside. However, consider the potential of reigniting passion with a surprise that epitomises devotion and mindfulness. Regardless of whether you find yourself in the vigour of your 20s, or the ripe graciousness of your 60s, surprising your partner with unexpected dates provides an…
- Thailand News
Srettha unveils plans for Thailand’s economy at UBS conference
At the UBS Asian Investment Conference 2024 in Hong Kong, Prime Minister Srettha Thavisin showcased a visionary blueprint for Thailand’s economic revolution. Addressing over 2,000 participants and 300 companies from the Asia-Pacific region, he laid out a series of strategic initiatives designed to attract global investment and drive innovation and sustainability. The 62 year old PM emphasised the nation’s readiness…
