November2017

Arkhom backs AoT growth to ease city airport woes

Transport Minister Arkhom Termpittayapaisith supports calls for the Airports of Thailand (AoT) to run the two state-owned airports in Udon Thani and Tak, to relieve overcrowding at its Suvarnabhumi and Don Mueang airports. Read more here: Bangkok Post – Business News

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Asian investor holdings sky-high on SET

Total securities held by Asian investors reached an all-time high in May with a value of 1.68 trillion baht, driven mainly by a significant increase in securities prices after rallies in the stock market, says the Stock Exchange of Thailand (SET). Read more here: Bangkok Post – Business News

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BoT optimistic 4% growth obtainable

The Bank of Thailand has painted a rosy picture of the country’s economy, saying it is quite possible for fourth-quarter growth to exceed the 4.3% registered in the third quarter, adding full-year growth of 4% is obtainable if exports continue to rise at a double-digit pace. Read more here: Bangkok[…]

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SEC stands by suspension of Chayant

The Securities and Exchange Commission (SEC) has clarified that its suspension order of Chayant Akrathit, executive director of Asia Wealth Securities, was made impartially following Mr Chayant’s petition to file a lawsuit against the SEC secretary-general for unlawful suspension. Read more here: Bangkok Post – Business News

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Hotel growth expected despite snags

Hotel business is expected to grow by 5-7% this year despite being sluggish in several regions in October, says Supawan Tanomkieatipum, president of the Thai Hotels Association (THA). Read more here: Bangkok Post – Business News

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Khao Luang runoffs are gushing toward Nakhon Si Thammarat townships

Residents in Muang and Tha Sala districts of Nakhon Si Thammarat have been told by officials to brace for flooding after almost 400mm of rainfalls were dumped into the province, particularly in the mountainous Khao Luang area. Runoffs from Khao Luang have been gushing downhill with force toward the two[…]

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SET closes down 7.94 to 1,697.39

The Stock Exchange of Thailand main index dropped 0.47%, or 7.94 points, to 1,697.39 on Thursday. Read more here: Bangkok Post – Business News

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Revenue chief warns tax-evading SMEs

About 150,000 small to middling businesses currently evading taxes by keeping more than one set of account books, and using the doctored figures when filing their returns, have one month to fall into line, the Revenue Department chief warned on Thursday. Read more here: Bangkok Post – Business News

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October factory output rises 0.48% y-o-y, below forecast

Thailand’s annual industrial output rose for a fourth straight month in October, but much less than expected, as stronger production of rubber, car engines and processed food was offset by weaker output of air conditioners, jewellery and textiles. Read more here: Bangkok Post – Business News

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SET down 6.75 points to 1,698.58 at midday

The Stock Exchange of Thailand’s main index went down 6.75 points, or 0.40%, to close at 1,698.58 points at the end of trading session this morning. The trade value was 25.63 billion baht, with 4.77 billion shares traded. Read more here: Bangkok Post – Business News

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