Search Results for: bonds
- Business News
Thai economy set for revival amid global uncertainties
The Federation of Thai Capital Market Organizations (FETCO) anticipates a revival of the Thai economy in the latter half of the year, supported by potential interest rate reductions. This optimistic outlook emerges amidst global economic uncertainties, with possible recessions in the UK and Japan, and China grappling with a prolonged property crisis. FETCO chairman Kobsak Pootrakool believes that the global…
- Thailand News
AirAsia launches Takeover Thailand campaign with celeb partner
AirAsia is doubling down on its commitment to boost regional tourism, unveiling the Takeover Thailand campaign, aimed at thrusting Thailand into the spotlight as the go-to destination for travellers from Malaysia, Singapore, and Indonesia. Strategically aligning forces with Tay Tawan, a distinguished Thai personality appointed as AirAsia’s Route Presenter for Malaysia, the airline is geared up to elevate the travel…
- Lifestyle
Unlock happiness after retirement: Simple secrets for your mind
Retirement marks a significant milestone in your life, often bringing a mix of emotions and changes. While it’s a time many look forward to, the impact on mental health can’t be ignored. Studies show mixed results, with retirement improving mental well-being for some, while others face challenges. The transition from work to retirement isn’t just about financial planning; it’s also…
- Guides
Epic home entertainment ideas in Thailand
Finding ways to stay entertained at home in Thailand isn’t just about killing time; it’s about enriching your life from the comfort of your living room. With a blend of traditional Thai culture and modern entertainment at your fingertips, you’re How to keep yourself entertained at home in Thailand Read a book Dive into the endless realms of novels, biographies,…
- Thailand News
Bangkok unveils Suk50 Garden in Klong Toey to boost green space
Bangkok’s Klong Toey District has witnessed the transformation of an underutilised space into a vibrant public park, the Suk50 Garden, thanks to a collaboration between the Expressway Authority of Thailand and Ichitan Group. This initiative is part of a larger movement to increase green spaces in the city, contributing to the fight against PM2.5 pollution and fostering community connections. Spanning…
- Business News
Bank of Thailand faces political pressure to cut interest rates
The Bank of Thailand (BoT) is under increased political tension to reduce interest rates, with the majority of analysts predicting that the monetary authority will withstand requests for unexpected easing to bolster the economy. This escalating discord between Prime Minister Srettha Thavisin and the central bank concerning monetary policy direction is predicted to damage investor confidence, though the likelihood of…
- Guides
Discover the Charms of Bangkok with Friends
Exploring Bangkok with your mates? You’re in for a treat! Often just seen as a pitstop on the way to Thailand’s islands or the North, many don’t realise Bangkok’s true potential as a standalone destination. With its bustling economy, efficient metro system, mouthwatering street food, top-notch restaurants, and electrifying nightlife, Bangkok is a city that truly has it all. Highlights…
- Cannabis
Grow your cannabis network: Top sites & tips for success
In today’s digital age, the way you connect and build networks has evolved, with unique interests like cannabis culture paving new paths for social interactions. Whether you’re a seasoned enthusiast or new to the scene, the cannabis community offers a rich tapestry of opportunities to engage, learn, and grow your social circle. Exploring the cannabis culture opens doors to not…
- Lifestyle
Ways community can transform your life
Gone are the days when top-down approaches were the norm. Now, it’s about collaboration, understanding, and action. Community engagement stands out as a beacon of hope, offering a pathway to address the complexities of modern life. It’s not just about making decisions; it’s about making decisions that reflect the true needs and aspirations of the people. This is why understanding…
- Business News
Thai govt to set up asset management firm to tackle household debt
Thailand Prime Minister Srettha Thavisin today announced that an asset management firm is to be established by the Thai government in the first quarter of the year to address the persistent issue of high household debt. The initiative confronts numerous challenges, including the reluctance of some creditors to participate in the process. With 90.9% of its GDP equalling household debt…
- Thailand News
Chinese New Year celebrations across Thailand: Golden dragons, vibrant attire, and mouthwatering feasts
Chiang Mai has been transformed into a mesmerising spectacle as lion and golden dragon dance troupes from Bangkok took to the streets for the Chinese New Year celebrations. Store owners eagerly invited them inside, hoping to bask in the good luck and prosperity they brought. Meanwhile, at the iconic Tha Phae Gate, Chinese tourists swarmed, dressed in Thai traditional attire,…
- Business News
Thai bond market to remain strong with 1 trillion baht new issuances
The Thai bond market is projected to remain strong this year, with estimated new issuances totalling 1 trillion baht (US$27.9 billion), says financial advisory firm SCB Wealth. The sustained high interest rates are expected to contribute to favourable returns. Sornchai Suneta, Executive Vice President of SCB Wealth’s Investment Office and Product Function, anticipates that the bond market will continue to…
- Business News
Thai government and central bank clash over interest rates
The ongoing discord between government officials and central bankers regarding interest rate adjustments is creating uncertainty for local banks and could potentially trigger further foreign investor withdrawals. Thailand Prime Minister Srettha Thavisin, along with key advisors, is advocating for a reduction in rates by the Bank of Thailand (BoT) to stimulate an economy the Thai PM describes as being in…
- Business News
SET index may drop below 1,300 due to digital wallet handout
The Stock Exchange of Thailand (SET) index could potentially plummet below the 1,300-point mark this year, warns the CEO of One Asset Management (ONEAM), Pote Harinasuta. This alarming projection is associated with the government’s proposed digital wallet handout which could result in Thailand’s credit rating being downgraded and a subsequent hike in corporate borrowing costs. Key factors that could influence…
- Business News
Thai government seeks interest rate cut as household debt fuels recession
Thailand’s economy is currently grappling with a recession triggered by soaring household debt, as reported by the Deputy Finance Minister, Julapun Amornvivat, today. This intensified the call for the central bank to reduce interest rates. Julapun also expressed the government’s commitment to the 500 billion baht distribution plan, which aims to allocate 10,000 baht per person to 50 million Thai…
- Business News
Hong Kong court orders liquidation of China’s indebted developer Evergrande
China’s most indebted property developer, China Evergrande, was ordered to liquidate by a Hong Kong court today, a move that could potentially destabilise the already trembling Chinese capital and property markets. The liquidation process could be intricate due to the multiple authorities involved and the potential political implications. Following the order for liquidation, a provisional liquidator will be appointed, followed…
- Business News
Thai baht could depreciate further against US dollar, says K-Research
The Thai baht, already experiencing a downward trend, could further depreciate against the US dollar, potentially reaching 36 baht to a dollar, according to Kasikorn Research Centre (K-Research). This forecast is contingent upon robust US economic data, set to be released later this week, which could indicate a resilient US economy. Additionally, any delays in the Federal Reserve’s proposed trimming…
- Business News
Pressure mounts on Bank of Thailand to reduce high interest rates
Thailand Deputy Finance Minister Julapun Amornvivat expressed concern that the country’s current interest rates are excessively high, putting strain on citizens’ disposable income and stunting the nation’s economic growth. This stance encourages the Bank of Thailand to reconsider its monetary policies. “The Thai people’s spending power is in jeopardy due to these high rates. I hope the Bank of Thailand…
- World News
Groom honours late bride in solo Malaysian wedding ceremony (video)
In a poignant ceremony that has resonated across social media, a groom proceeded with his wedding despite the absence of his bride, who had tragically passed away from lymphoma shortly before the event. The groom, identified as Daniel, had originally married his partner, Nofar, in Japan during the Covid-19 pandemic, with plans to hold a traditional ceremony in her native…
- Business News
Thailand to launch green investment trusts for forestry initiatives
Thai regulatory bodies are paving the way for the establishment of investment trusts dedicated to forestry and tree-planting initiatives. These new financial products, dubbed green investment trusts, are part of an effort to diversify the capital markets and provide financial support to sectors that align with carbon neutrality goals. Pornanong Budsaratragoon, the secretary-general of the Securities and Exchange Commission (SEC),…
- Business News
JKN Global sells 50% Miss Universe stake to Legacy Holding for US$16m
In a bid to deal with its ongoing financial struggles, JKN Global Group Plc, a renowned local media company, has decided to offload a 50% stake in its Miss Universe business. The stake, valued at US$16 million (570 million baht), will be purchased by Legacy Holding Group USA Inc. The group, which is under the control of Mexican businessman Raul…
- Thailand News
Pisces set for a prosperous 2024 with lucrative online opportunities
Astrological enthusiasts have been given a forecast to pay attention to a prominent astrologer Thosaporn, better known as Dr Chang, who has shared his insights for the Pisces sign for the year 2024. According to his predictions, individuals born under Pisces, which includes birthdays from March 15 to April 13, are expected to experience a stroke of good fortune, especially…
- Thailand News
TAT holds Amazing Thailand Product event in Indonesia
The Tourism Authority of Thailand (TAT) rolled out the red carpet for the Amazing Thailand Product Update 2024 in Jakarta and Bandung. Aiming to strengthen ties between Thai and Indonesian tourism, this event was more than just a gathering; it was a powerhouse of collaboration. Drawing a crowd of approximately 100 Indonesian tourism wizards in each bustling city, the week-long…
- Thailand News
Miss Grand Trang 2024 turns live sales into charity for Thai school
Narisa Yeesun, known as Miss Grand Trang 2024, recently took to livestreaming to sell goods online, with a heartfelt mission to support underprivileged children. Today, she successfully turned her online sales into a charitable event by purchasing educational supplies and snacks for the students at the Municipal School of Trangkhapoom Putthawas in Kantang district, Trang province. The initiative was warmly…
- Business News
Bank of Thailand confident in limited corporate bond rollover risk despite rising interest rates
Despite rising interest rates, the Bank of Thailand has expressed confidence in the limited risk of corporate bond rollover this year, stating that it should not pose a significant threat to systemic risk. The local bond market has remained functional, with private businesses continuing to secure new funds. Sakkapop Panyanukul, the senior director for financial markets at the central bank,…
- Business News
Optimism for Thai stock exchange rebound despite US economic downturn
InnovestX Securities, part of the SCB X Group, expressed optimism about the rebound potential of the Stock Exchange of Thailand (SET) index. The company predicts the index could approach 1,700 points this year, driven by stabilising global interest rates and domestic economic stimulation efforts. The first quarter of 2024, however, could be marked by volatility, with possible economic downturns in…
- Things To Do
What to do in Bangkok this weekend (January 12 – 14)
This weekend in Bangkok, there’s something for everyone. Whether you’re looking to explore your emotions, entertain the kids, dive into the underwater world, or curl up with a good book, the City of Angels has you covered. Things to do in Bangkok (January 12 – 14) On Cloud Nine Exhibition by Tuagomstudio: A journey into emotions Tuagomstudio, also known as…
- Business News
Thai bond market set for 890 billion baht redemption this year
This year, bonds worth an estimated 890 billion baht (US$25,406,794,400), primarily investment-grade, are slated for redemption, according to the Thai Bond Market Association (ThaiBMA). Around 73 billion baht (US$ 2,083,928,080) of these are set to mature within this month. The association’s president, Somjin Sornpaisarn, anticipates Thai private enterprises to float long-term bonds of approximately 1 trillion baht (US$ 28,546,960,000) throughout…
- Property
Can foreigners buy property in Thailand? A comprehensive guide
Thailand has more than its vibrant street food and bustling city life that captivates the hearts of many foreigners. The possibility of a permanent stay becomes quite appealing, which begs the question – can foreigners buy property in Thailand? Buying property in Thailand as a foreigner can be tricky. But don’t worry. In this guide, we’ll give you all the…
- Economy News
Gold prices take a dip in Thailand: 50 baht decrease reported
The price of gold fell again on the morning market today, with a decrease of 50 baht (US$1.46) compared to the closing price yesterday. As reported at 9.05am today, the cost of gold ornament was selling at 34,050 baht (US$99.4) per baht, according to the Gold Traders Association (GTA). Meanwhile, the 96.5% gold bar was bought at 33,450 baht (US$976.93)…
