SET-listed property developer SC Asset will soon launch an initial coin offering (ICO) in what will be the first of its kind in Thailand, after the Securities and Exchange Commission (SEC) approved trading of real asset tokens this month. Real estate firms Sansiri and Ananda Development may be among the first to try out the […]
Read MoreLow-cost carriers are gearing up for more intense competition by offering buffet-style tickets to boost short-term liquidity, in line with the upcoming stimulus from the government. Bundle tickets are on offer from Thai VietJet (TVJ) and Thai AirAsia (TAA) during the first quarter, while Thai Lion Air is considering this option as the government is […]
Read MoreThe overall sentiment of foreign businesses operating in Thailand remains relatively low, with rising unemployment, tight liquidity, the country’s political stability and economic prospects topping their concerns. According to the new foreign business confidence index (FBCI) that gauges foreign business sentiment in Thailand conducted by the University of the Thai Chamber of Commerce (UTCC), foreign […]
Read MoreReal investment in the government’s Eastern Economic Corridor (EEC) is estimated to reach 400 billion baht this year, driven largely by private investment and key infrastructure development projects. Of the total, 300 billion baht is expected to be generated by private investment, while 100 billion would stem from key infrastructure projects including a high-speed rail […]
Read MoreNok Air finished debt negotiations with 50% of creditors in the buildup to the rehabilitation process while its biggest shareholders want to acquire stakes of competitors to control the aviation market. “We will likely submit the rehabilitation plan to the Central Bankruptcy Court on March 15 as planned. But we also have to learn from […]
Read MoreAfter buying Duy Tan Plastic Corp, Thailand’s Siam Cement Group (SCG) is cementing its domination of Vietnam’s plastic production industry. Under the contract signed on February 9 via a virtual conference, Duy Tan will sell 70 per cent of its shares in five of total twenty-two subsidiary companies, including Duy Tan Plastic Manufacturing Corp and […]
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