investors
- Chiang Mai News
Chiang Mai swept up: Chinese investors leave locals concerned
Residents in Chiang Mai have raised concerns about the future after Chinese investors continue to sweep up real estate in the largest city of northern Thailand. Locals are speaking out against what they see as an increasing domination by Chinese investors swooping in to purchase property en masse, fundamentally altering neighbourhoods and threatening the city’s cultural identity and economic autonomy.…
- Guides
Why copy trade with HFM?
As the world of online trading continues to expand and evolve, the market for copy trading has experienced a significant increase in popularity, with a recent study finding that one in six regular retail investors and traders are copy traders. Leading the way in this area of online trading is HFM, an award-winning multi-asset global broker, offering a powerful and…
- Thailand News
Murky waters: Shady investors dive into Koh Chang land grab
Fresh fears are bubbling up in Koh Chang, Trat province, as sneaky investors with murky ties have started to snap up land. Chaiwat Limlikhit-aksorn, National Parks Office Director, raised the red flag on these shady dealings. “Private investors are buying swathes of land from locals, and we suspect sinister connections behind these transactions. The government and local officials need to…
- Thailand News
Thai investors flee Myanmar chaos, pulling out 253 billion baht
Thai companies are fleeing Myanmar amid escalating conflict and economic instability. The ongoing clash between Myanmar’s military government and opposition forces shows no signs of easing, prompting Thai firms to withdraw a staggering US$7 billion (around 253 billion baht) in investments. Once the third-largest investors in Myanmar, Thai companies are now ranked 5th, with investments plummeting from US$11.6 billion in…
- Thailand News
Thai land bridge project faces concerns over land disputes
Private companies, eager to invest in the Thai government’s ambitious land bridge project in the south of the country, voiced concerns over potential legal hurdles that could impede the construction of the mega project. The project aims to establish a crucial link between the Pacific and Indian oceans in the southern region of Thailand. Chumphon and Ranong are to act…
- Business News
Chinese investors show strong interest in Thailand at RCEP-tion
Chinese investors eagerly engaged with Thailand’s business landscape at a recent matchmaking event held under the Regional Comprehensive Economic Partnership (RCEP) agreement. Marking its debut in Thailand, the event seeks to draw interest towards emerging S-curve industries and facilitate the transfer of technology from China. At the helm of the 1st RCEP Business Opportunities Matchmaking Conference (China-Thailand) was Commerce Minister…
- Business News
Thai stock market rebounds amid renewed investor confidence
The Thai stock market made a strong comeback yesterday, experiencing a rise of approximately 1.3%. This resurgence was mirrored in other regional markets which also bounced back from significant losses incurred on Friday. Investors are seemingly reassured by the belief that a full-scale war in the Middle East is unlikely. This sentiment was further bolstered by the decision of the…
- Business News
SET to tighten supervision of listed Thai firms starting March 25
The Stock Exchange of Thailand (SET) announced plans to strengthen the supervision of its listed companies from March 25 onwards, as part of an initiative to reinforce their financial standing and provide detailed disclosure for investors. SET’s president, Pakorn Peetathawatchai, stated that the move aims to provide investors with clearer and more varied warning signs to alert them of potential…
- Business News
SEC considers banning NVDR securities for Thai investors
With plans to limit Thai investors from making investments in non-voting depository receipts (NVDRs), the Securities and Exchange Commission (SEC) is setting up a public hearing to enforce a ban on securities companies offering such services. Citing concerns over NVDR securities as a mechanism to sidestep compliance with regulations or as a means to obscure shareholding data, the SEC believes…
- Business News
Franklin Templeton eyeing expansion into Thailand’s offshore market
Franklin Templeton, an American multinational holding company with a portfolio worth US$1.5 trillion, is contemplating an expansion into Thailand to tap into the local market for offshore products. The Asia-Pacific head, Tariq Ahmad, revealed this in an interview in Hong Kong, however, he did not specify a timeline for the expansion. The firm is also planning to bolster its alternative…
- Business News
Thai retail investors now unrestricted in real estate, infrastructure-backed ICOs
Retail investors in Thailand will no longer face restrictions on investment in real estate and infrastructure-backed initial coin offerings (ICOs), according to an announcement by the Securities and Exchange Commission (SEC). The change, effective from January 16, was made to encourage technology use for fundraising and to support sustainable capital market growth and the digital economy’s development. The SEC’s role,…
- Business News
Thai institutional investors foresee policy interest rate cut in 2024
The Association of Investment Management Companies (AIMC) disclosed that institutional investors anticipate Thailand’s policy interest rate to reduce by 0.25% to 2.25% this year. Investors are encouraged to take a heavyweight stance on fixed-income assets. Chavinda Hanratanakool, AIMC chairwoman, conveyed the results of a survey conducted amongst institutional investors. The survey explored their views on economic conditions and interest rate…
- Business News
YouTrip sets sights on Southeast Asian expansion
Southeast Asian fintech giant YouTrip is gearing up for regional expansion, backed by a successful funding round that raised US$50 million (1.84 billion baht). The round witnessed participation from new investors, including global venture capital firm Lightspeed. This Singapore-based multi-currency digital payments platform has managed to amass over US$100 million (3.68 billion baht) in funding since its inception. The newly…
- Thailand News
Thailand’s 1 trillion baht land bridge project seeks foreign investors
Thailand’s Transport Ministry is actively seeking investors for a megaproject, dubbed the land bridge, which aims to connect Chumphon on the Gulf of Thailand’s eastern coastline to Ranong along the Andaman Sea. The mission to attract funds will involve roadshows in China, Europe, and the United States. Suriya Jungrungreangkit, the Transport Minister, shared these updates on the project’s progress in…
- 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…
- Business News
Bangkok freehold land in Lang Suan invites global investor bids
A prestigious piece of freehold land nestled in Bangkok‘s highly-prized region, Lang Suan, has notably emerged on the bidding block. Managed by Colliers Thailand, the real estate and professional services heavyweight, offers are being invited for a prominent development plot on the distinguished Lang Suan Road in Bangkok. Investors around the world have turned a keen eye towards this proposition,…
- Business News
Thai investor confidence sinks as government formation uncertainty looms
Investor confidence in the nation’s stock market has dropped to an eight-month low due to uncertainty over the formation of a new government, according to the Federation of Thai Capital Market Organisations (Fetco). The overall investor confidence index has dipped to 77.70 from 110.09 in May, entering the “bearish zone” for the first time in eight months. Foreign investor confidence…
- Business News
Foreign investors sell 100 billion baht in Thai stocks and shares amid global rate rise
In the first five months of this year, foreign investors offloaded almost 100 billion baht worth of Thai shares, with 33.4 billion baht sold in May alone, due to increasing global interest rates and uncertainties surrounding the formation of a new government. Despite this, the Stock Exchange of Thailand (SET) expressed optimism yesterday, believing that the recent easing of the…
- Pattaya News
Foreign investors keep a close eye on struggling Pattaya hotels
With Pattaya hotel operators in dire financial straits brought on by the lack of tourists during the pandemic, foreign investors are apparently keeping a close eye on the situation. The hotel operators in the tourist city are being warned that if they do not get assistance for their outstanding loans, then their businesses could be taken over by foreign investors.…
- Economy News
Thai government plans to draw in rich foreigners to live in Thailand
Say goodbye to the backpacker lifestyle of travelling through Thailand on a shoestring budget. The Thai government plans to lure rich, high spending foreigners with plans underway to reopen the country to foreign visitors. The government plans to draw in at least 1 million high spending tourists – rich retirees who want to settle in Thailand and potential investors interested…
- Thailand News
Overseas investors buy Thai bonds, optimistic that Covid-19 vaccine will revive tourism
With hopes that a Covid-19 vaccine will be the key to open Thailand’s doors back up to international tourism, overseas investors are putting down money into Thailand’s financial market. Thai baht has strengthened by nearly 3% since the end of October, a top performing currency in Asia following the Indonesian rupiah, and it’s expected to strengthen even further over the…
- Economy News
Key foreign investors could be exempt from quarantine
Key foreign investors might get to skip out on the 14 day quarantine required for travellers entering Thailand. Allowing high spending investors a free pass on the isolation period is aimed to help revive the economy after it was battered by the pandemic. The Centre for Economic Situation Administration, or CESA, is expected to discuss the proposal today. Special measures…
- Covid-19 News
Thai tourism and shares start to catch the Coronavirus Effect
The Stock Exchange of Thailand’s key index fell last month almost 100 points, after earlier reaching its highest point of 1,604.28 and then falling 96.92 points, or 6%. Industrial stocks have fallen nearly 10% due to a slide in petrochemical stocks, followed by commercial bank stocks which fell 8.7%. Technology and construction stocks lost 4% during January. But some stocks…
- Crime News
Up to 30,000 caught up in “Forex- 3D” Ponzi scheme
PHOTO: INN News The Thai justice ministry has revealed that one hundred victims were preparing to press the Department of Special Investigations (DSI) to consider the “Forex-3D” Ponzi scam case as one with ‘special status’. Read the background to the story HERE. There are thought to be up to 30,000 victims of the scheme was offering 10% interest per month to investors,…
- Economy News
“Too good for its own good” – The Thai economy
Bloomberg has written an opinion piece about the robust Thai economy, sharing its fears along with some pats on the back. “Thailand really should let its hair down. The currency is strong and the current-account surplus is big versus the neighborhood, while there’s a lot of scope for fiscal expansion. The Bank of Thailand has been grudging in cutting interest rates, in contrast to the…
- Economy News
Focus back on US-China trade talks – Asian markets rise
“A large percentage of the market thinks China may roll the dice and take advantage of what they think is Trump’s weakened political state.” Asian markets rise today as investors resume their focus on the next round of China-US trade talks this week. But hopes for success are being tempered by mixed messages from both sides of the table. There has been…
- Transport News
Three Thai high-speed train projects shelved
“As the high-speed train system in Laos is nearing completion, he said that Thailand must speed up its construction of the Bangkok-Nong Khai project.” Three high-speed train projects are being shelved by the Thai government due to lack of interest from co-investors. Sources at the Transport Ministry have told Thai PBS World that none of the three projects were included…
- Property
Lower demand but Thailand is still China’s favourite international property market
The Yuan has dropped in value against the Thai baht and China remains in the midst of a long-running trade spat with the US. But, still, the Chinese investors are still buying up Thailand property although not at the same rate as they did last year. But juwai.com, specialising in Chinese real estate, predicts further growth of Chinese buyers Thai…
