Thailand warms to China’s ventures

Thailand warms to China’s ventures The Chinese government is ready to enable an expansion of investments in Thailand and connect its Guangdong-Hong Kong-Macau Greater Bay Area (GBA) with the Thai government’s flagship Eastern Economic Corridor (EEC), Chinese Foreign Minister Wang Yi pledged on Thursday. The GBA is a megalopolis, also known as the Pearl River…

Thai Beverage begins B1bn expansion

Thai Beverage begins B1bn expansion Thai Beverage, the Singapore-listed Asean food and beverage company, is expanding its food business in the domestic market, vowing to splash about 1 billion baht on its food empire in fiscal 2021, starting from Oct 1. Nongnuch Buranasetkul, the company’s senior vice-president and chief of food business, said the company…

The Thai Life Assurance Association (TLAA) has requested the Office of the Insurance Commission (OIC) study the feasibility of allowing insurers to invest in a wider range of funds and bonds to take advantage of the low-interest-rate environment.

TLAA wants OIC to widen insurers’ investment options

TLAA wants OIC to widen insurers’ investment options The Thai Life Assurance Association (TLAA) has requested the Office of the Insurance Commission (OIC) study the feasibility of allowing insurers to invest in a wider range of funds and bonds to take advantage of the low-interest-rate environment. The move would green-light investment in infrastructure bonds, non-listed…

Price of gold rises but investment not without risks

Price of gold rises but investment not without risks

Price of gold rises but investment not without risks A leading investment research firm says the price of gold is on the rise, with predictions bullion could reach US$2,000 an ounce. Chayanee Juengmanon from Morningstar Research Thailand says one exchange-traded fund favoured by most domestic gold mutual funds, recorded net inflows of over $20 billion…

Thai delivery app merger gets 3.5 billion baht boost

Thai delivery app merger gets 3.5 billion baht boost Homegrown Thai delivery app Line Man is merging with its longtime partner, online restaurant review platform Wongnai Media. Line Man has secured fresh capital investment worth US$110 million (3.5 billion baht) from BRV Capital Management to bolster the new entity. The merger marks the first time…

Board of Trade want Bank of Thailand to urgently address the baht

Thai envoys instructed to help spur international trade, investment and labour pacts

Thai envoys instructed to help spur international trade, investment and labour pacts Thai ambassadors in countries across the world have been tasked by Prime Minister Prayut Chan-o-cha to help stimulate international trade and investment and fortify labour cooperation to rehabilitate the post-pandemic economy. Government spokeswoman Narumon Pinyosinwat said the premier also requested every organisation to…

Thailand’s excellent COVID-19 response prompts further investment by Japanese companies

Thailand’s excellent COVID-19 response prompts further investment by Japanese companies

Thailand’s excellent COVID-19 response prompts further investment by Japanese companies BANGKOK (NNT) – Private Japanese companies have expressed their satisfaction with Thailand’s COVID-19 prevention and response. With a low number of cases reported, the companies have increased confidence in the country and are expected to expand their investments. The President of the Japan External Trade…

PM asks public to cool down on selling their gold

PM asks public to cool down on selling their gold

PM asks public to cool down on selling their gold Massive unemployment due to the national state of emergency and the Covid-19 outbreak has pushed gold prices to near a 7 year high, and gold shops throughout the country are running out of cash because so many people are cashing in. In a briefing this week in Bangkok, PM…

Investment promotion requests exceeded 750bn baht in 2019

Investment promotion requests exceeded 750bn baht in 2019

Investment promotion requests exceeded 750bn baht in 2019 BANGKOK (NNT) – Thailand remained an investment destination for international investors last year, as reflected in the overall value of investment promotion requests in 2019, released by the Board of Investment (BOI) today, which exceed a 750 billion baht goal. An impressive 59% was in the Eastern Economic…