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Analysts anticipate more rate hikes

Analysts anticipate more rate hikes

The Bank of Thailand is likely to continue to raise interest rates this year to curb rising inflationary pressures, though such increases could hurt the stock market and the economy, say analysts.

05:00
THPD sets sights on logistics infrastructure crown

THPD sets sights on logistics infrastructure crown

Thailand Post Distribution (THPD), a business-to-business (B2B) logistics arm of Thailand Post, is transforming its operations with the aim of becoming a fully integrated logistics solution provider within three years.

06:03 1

TPCH starts operations at biomass plant

TPC Power Holding (TPCH), the renewable power generation arm of construction firm Thai Polycons Plc, has begun commercial operation of its Pracharat Biomass Mae Lan power plant, part of its move to increase power generation capacity and sell carbon credits.

06:35
TPCH starts operations at biomass plant

Indian tourism hit by rising travel costs

Inbound tourism operators for the Indian market have voiced concerns over the slow processing of visa applications, high airfares and an increase in the outbound tax rate from India, as these factors could result in fewer visitors from the subcontinent, causing the Thai government to miss its target of 2 million this year.

05:00 4
Indian tourism hit by rising travel costs

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.8831
37.5831
GBP
42.9405
43.7639
HKD
4.3815
4.4543
JPY
24.5968
25.2553
USD
34.435
34.761
CNY
4.8239
4.9421
Source: Bank of thailand (4 Jun 2023)

SET

SET
1,531.20
+9.80
SET50
924.89
+7.61
SET100
2,059.48
+15.65
sSET
988.37
+2.47
SETCLMV
870.67
+10.31
SETHD
1,137.45
+10.68
SETTHSI
980.45
+8.24
Source: settrade.com (4 Jun 2023)
LATEST
06:35

TPCH starts operations at biomass plant

TPC Power Holding (TPCH), the renewable power generation arm of construction firm Thai Polycons Plc, has begun commercial operation of its Pracharat Biomass Mae Lan power plant, part of its move to increase power generation capacity and sell carbon credits.

06:35
TPCH starts operations at biomass plant
06:03

THPD sets sights on logistics infrastructure crown

Thailand Post Distribution (THPD), a business-to-business (B2B) logistics arm of Thailand Post, is transforming its operations with the aim of becoming a fully integrated logistics solution provider within three years.

06:03 1
THPD sets sights on logistics infrastructure crown
05:33

Look for growth stocks that lagged the market

The SET Index looks vulnerable to concerns about the transfer of political power and the coming Federal Reserve meeting. The index could plummet if investors lack confidence in the new government and if the Fed hikes its short-term rate at a faster pace than expected. Among factors affecting the market:

05:33
Look for growth stocks that lagged the market
05:15

Inflation tepid in May as food prices decrease

Inflation in Thailand is expected to increase by only 0.5% year-on-year in May, the lowest in Asean, because of a decline in the prices of fresh food such as pork and chicken, says Commerce Minister Jurin Laksanawisit.

05:15
Inflation tepid in May as food prices decrease
05:15

Siam Piwat receives a Korean boost

Siam Piwat Group, a leading retail and real estate developer, has partnered with Innocean, the global marketer for the Hyundai Motor Company, to co-create world-class destination projects.

05:15
Siam Piwat receives a Korean boost
05:00

Indian tourism hit by rising travel costs

Inbound tourism operators for the Indian market have voiced concerns over the slow processing of visa applications, high airfares and an increase in the outbound tax rate from India, as these factors could result in fewer visitors from the subcontinent, causing the Thai government to miss its target of 2 million this year.

05:00 4
Indian tourism hit by rising travel costs
05:00

Analysts anticipate more rate hikes

The Bank of Thailand is likely to continue to raise interest rates this year to curb rising inflationary pressures, though such increases could hurt the stock market and the economy, say analysts.

05:00
Analysts anticipate more rate hikes
2 Jun 2023

French credit rating under more pressure

PARIS: France's surging national debt is causing increasing alarm with the country risking a fresh warning on Friday over its credit rating after a downgrade.

2 Jun 2023 3
French credit rating under more pressure
2 Jun 2023

Two casino giants exploring Thailand

Two of the world’s top casino operators are laying the groundwork to potentially establish gambling facilities in Thailand as a hedge against a deteriorating outlook in Macau.

2 Jun 2023 34
Place your bets
2 Jun 2023

US averts first-ever default with 11th-hour debt deal

WASHINGTON: United States senators voted to suspend the federal debt limit Thursday, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.

2 Jun 2023 1
US averts first-ever default with 11th-hour debt deal

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.8831
37.5831
GBP
42.9405
43.7639
HKD
4.3815
4.4543
JPY
24.5968
25.2553
USD
34.435
34.761
CNY
4.8239
4.9421
Source: Bank of thailand (4 Jun 2023)

SET

SET
1,531.20
+9.80
SET50
924.89
+7.61
SET100
2,059.48
+15.65
sSET
988.37
+2.47
SETCLMV
870.67
+10.31
SETHD
1,137.45
+10.68
SETTHSI
980.45
+8.24
Source: settrade.com (4 Jun 2023)