EGCO posts 47% Q1 gain due to increased power generation

EGCO posts 47% Q1 gain due to increased power generation

EGCO posts 47% Q1 gain due to increased power generation Electricity Generating Public Company Limited is showing Bt2,915 million in first-quarter 2019 operating profit as it looks to future growth. Looking forward, EGCO Group is planning to convert its former power plant land in Rayong into an industrial estate within the Eastern Economic Corridor (EEC)…

Thai Economy likely to miss the 3.5% growth target

Thai Economy likely to miss the 3.5% growth target

Thai Economy likely to miss the 3.5% growth target Deputy Prime Minister Somkid Jatusripitak said the global economic slowdown hasweakened exports and reduced domestic consumption Deputy Prime Minister Somkid Jatusripitak said the Thai economy is likely to stay below the 3.5% growth target as projected earlier. He said the global economic slowdown hasweakened exports and…

The future of digital TV in Thailand

The future of digital TV in Thailand

The future of digital TV in Thailand Digital TV industry encounters pressures from both revenue and cost perspectives leading to a downward trend in operating margin In January 2019, the National Broadcasting and Telecommunications Commission (NBTC) approved in principle for recall of the 700MHz band, currently being used for digital terrestrial television, for 5G development…

Citi bullish on tech stocks outlook

Citi bullish on tech stocks outlook

Citi bullish on tech stocks outlook CITI Thailand, undaunted by the global economic slowdown and escalating trade war between the superpowers, is pressing ahead with the launch of a technology fund that it believes will beat other investment sectors. Don Charnsupharindr, director and retail banking head for Citi Thailand, said the company has partnered with…

Government urged to implement new economic stimulus measures

Government urged to implement new economic stimulus measures

Government urged to implement new economic stimulus measures Bangkok – The Director of the UTCC’s Economic and Business Forecasting Center, Thanavath Phonvichai, says that the 25% tariff imposed by the US on Chinese goods could have an adverse impact on the global economy already facing a slowdown. The UTCC projected that Thai exports will grow by…

Political uncertainty weighs on Thailand’s consumer confidence

Political uncertainty weighs on Thailand’s consumer confidence Thailand’s consumer confidence index (CCI) for the month of April sank to its lowest level in 16 months, dragged down by mostly by political uncertainty Thailand’s consumer confidence index (CCI) for the month of April plunged to 79.2 points – the lowest in 16 months.Thailand’s consumer confidence index…

Overall Thai household debt remains at a high level: BOT

Overall Thai household debt remains at a high level BOT

Overall Thai household debt remains at a high level: BOT BANGKOK, 1 May 2019(NNT)-A study by the Bank of Thailand (BOT) has found that overall Thai household debt is still high. Government agencies are advised to maintain a policy to strictly supervise financial institutions’ lending, and provide information and an understanding of financial planning to…