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TAT makes move into the metaverse

TAT makes move into the metaverse

The Tourism Authority of Thailand (TAT) plans to open its first virtual office in the Bitkub Metaverse in the third quarter of this year, in a bid to attract millennials and foreign tourists to bolster Thailand's digital economy.

04:04 1
Registrations for tourism businesses grow in 2023

Registrations for tourism businesses grow in 2023

The country's tourism sector has experienced a robust recovery based on new registrations of tourism-related businesses in the first four months of this year.

07:26 5

New factory

A Chinese high-tech enterprise has chosen Chon Buri as its first overseas production base to make batteries for EVs under the MG brand.

05:10 1
New factory

ABM eyes 20% revenue growth in 2023

Asia Biomass Plc (ABM), Thailand's largest biomass fuel producer and trader by volume, expects revenue to grow by 20% this year to more than 3.6 billion baht thanks to its business expansion amid growing concerns over global warming.

06:19
ABM eyes 20% revenue growth in 2023

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.6343
37.3834
GBP
42.0144
42.8689
HKD
4.2833
4.3657
JPY
24.8444
25.5654
USD
33.7392
34.0612
CNY
4.8127
4.9525
Source: Bank of thailand (13 May 2023)

SET

SET
1,561.35
-6.05
SET50
947.72
-2.85
SET100
2,108.37
-6.91
sSET
996.51
+1.77
SETCLMV
927.30
-2.79
SETHD
1,161.47
-3.94
SETTHSI
1,011.17
-3.58
Source: settrade.com (13 May 2023)
LATEST
11:36

Recovery foreseen after sluggish April

The Stock Exchange of Thailand struggled with another period of weakness in April. The index started the month at 1,609.17 points and declined steadily thereafter, hitting its low on the last trading day of the month at 1,524.30 and closing at 1,529.12, a drop of 80.05 points or 5% in just one month.

11:36 1
Recovery foreseen after sluggish April
11:10

G-7 finance chiefs boost Ukraine aid, propose supply chain plan

NIIGATA: Group of Seven (G-7) finance chiefs put more aid on the table for Ukraine, set up a new supply chain initiative and vowed to fill regulatory gaps in the banking sector in a show of unity on global geo-economic issues after three days of talks.

11:10 2
G-7 finance chiefs boost Ukraine aid, propose supply chain plan
10:07

US interest rates may stabilise for the year

Local economists say it is possible the Federal Reserve will hold interest rates steady for one year if US inflation and the labour market remain strong.

10:07
US interest rates may stabilise for the year
08:02

Sino-Thai cultural chief seeks trade hike

Pinit Jarusombat, president of the Thai-Chinese Cultural Relationship Council (TCCRC), has urged any incoming government to boost trade ties with China as well as speed up a logistics master plan linking the two countries.

08:02 1
Sino-Thai cultural chief seeks trade hike
07:26

Registrations for tourism businesses grow in 2023

The country's tourism sector has experienced a robust recovery based on new registrations of tourism-related businesses in the first four months of this year.

07:26 5
Registrations for tourism businesses grow in 2023
06:47

THAI bullish on earnings

Thai Airways (THAI) is expected to earn at least 130 billion baht in revenue this year after its net profit in the first quarter reached 12.5 billion baht.

06:47 7
THAI bullish on earnings
06:19

ABM eyes 20% revenue growth in 2023

Asia Biomass Plc (ABM), Thailand's largest biomass fuel producer and trader by volume, expects revenue to grow by 20% this year to more than 3.6 billion baht thanks to its business expansion amid growing concerns over global warming.

06:19
ABM eyes 20% revenue growth in 2023
04:04

TAT makes move into the metaverse

The Tourism Authority of Thailand (TAT) plans to open its first virtual office in the Bitkub Metaverse in the third quarter of this year, in a bid to attract millennials and foreign tourists to bolster Thailand's digital economy.

04:04 1
TAT makes move into the metaverse
04:00

Asian trade subdued as economic outlook weakens

RECAP: Most Asian share markets were subdued on Friday and the dollar held onto its gains from safe-haven flows, after soft economic data from the US and China fuelled concerns about a global slowdown.

04:00
Asian trade subdued as economic outlook weakens
12 May 2023

KBank halts plans to sell asset management stake

Kasikornbank (KBank) Public Company Limited, Thailand’s second-biggest lender, has halted plans to sell a stake in its asset management business, according to people familiar with the matter.

12 May 2023 1
KBank halts plans to sell asset management stake

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.6343
37.3834
GBP
42.0144
42.8689
HKD
4.2833
4.3657
JPY
24.8444
25.5654
USD
33.7392
34.0612
CNY
4.8127
4.9525
Source: Bank of thailand (13 May 2023)

SET

SET
1,561.35
-6.05
SET50
947.72
-2.85
SET100
2,108.37
-6.91
sSET
996.51
+1.77
SETCLMV
927.30
-2.79
SETHD
1,161.47
-3.94
SETTHSI
1,011.17
-3.58
Source: settrade.com (13 May 2023)