September2017

Baidu bullish on marketing service

Baidu, China’s biggest search engine, has chosen Thailand as a base to expand its digital marketing business, citing the rise of Chinese tourism in the country. Read more here: Bangkok Post – Business News

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Gold drops 100 baht today

Gold plunged again on Saturday (Sept 30) with price falling 100 baht on the first hour of trading. According to the Gold Traders Association, the buying prices for gold ornaments opened at 19,783.80 baht per baht-weight, and the selling price at 20,750 baht. The buying price for gold bar opened[…]

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Gold prices down B100 to B20,250

The Gold Traders Association this morning announced the buying prices at 19,783.80 baht per- baht weight for gold ornaments and 20,150 baht per baht weight for gold bar. Read more here: Bangkok Post – Business News

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Port hits wall as PM sides with residents

The government’s push for the Pak Bara deep-sea port in Satun has softened as Prime Minister Prayut Chan-o-cha said local people’s opinions must be taken into account first. Read more here: Bangkok Post – Business News

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PDMO seeks to lock in rates

The Public Debt Management Office (PDMO) will focus on issuing bonds with maturities in a range of five to 50 years for the next fiscal year, starting Oct 1, to lock in low interest rates, says Theeraj Athanavanich, a bond market adviser. Read more here: Bangkok Post – Business News

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Fitch: Big local banks stable

Thailand’s large banks should be able to comply with new capital requirements for domestic systemically important banks (D-SIBs), as they already have capital ratios well in excess of the minimum requirements to be implemented by 2020, says Fitch Ratings. Read more here: Bangkok Post – Business News

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Trump tax plan buoys US stocks, SET advances again

Recap: US stock exchanges climbed as investors held out hope that President Donald Trump’s tax reform programme would make it through Congress. The focus of geopolitical attention, meanwhile, has shifted briefly from North Korea to the Middle East as Turkey, Iraq, Iran and Syria weigh their response to the 93%[…]

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Somkid hails CSR efforts

Deputy Prime Minister Somkid Jatusripitak yesterday expressed gratitude to the private sector for supporting the government’s Pracha Rat (People’s State) initiative after many listed companies responded through corporate social responsibility (CSR). Read more here: Bangkok Post – Business News

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Potential US rate rise puts brakes on fund inflows

The influx of offshore funds into Thailand has slowed after the US Federal Reserve signalled another rate rise this year, says a senior Bank of Thailand official. Read more here: Bangkok Post – Business News

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