Insurers to pay 100 million baht to SET for riot damage

Insurers to pay 100 million baht to SET for riot damage

Insurers to pay 100 million baht to SET for riot damage Thailand’s Supreme Court has ordered six insurance companies to pay the Stock Exchange of Thailand (SET), Thailand Securities Depository and Family Knowhow Company 100 million baht in total compensation. The compensation is granted for damage caused to the SET building and valuables contained therein…

A Thai Energy Tycoon's Big Bet Made Him $1 Billion Richer

A Thai Energy Tycoon’s Big Bet Made Him $1 Billion Richer

A Thai Energy Tycoon’s Big Bet Made Him $1 Billion Richer (Bloomberg) — Thai energy tycoon Sarath Ratanavadi’s fortune has surged $1 billion since late December as investors warm to his bet on Vietnam. Shares in his Bangkok-listed firm, Gulf Energy Development Pcl, have jumped 50 percent following its mid-August announcement of wind and solar…

Thailand’s Stock Exchange Plans to Roll Out Digital Asset Platform in 2020

Thailand’s Stock Exchange Plans to Roll Out Digital Asset Platform in 2020

Thailand’s Stock Exchange Plans to Roll Out Digital Asset Platform in 2020 The Stock Exchange of Thailand (SET) plans to roll out its digital asset platform in 2020, according to an official statement released on March 13. Following recent reports purportedly revealing the plans, the SET has confirmed that it will build a digital asset platform as a part of its three-year strategic…

Asian Markets Rise On Hopes For Interest Rate Cuts

ASIAN MARKETS RISE ON HOPES FOR INTEREST RATE CUTS A man walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in 2017 in Tokyo. Photo: Shuji Kajiyama / Associated Press SINGAPORE — Asian shares were mostly higher Thursday on news that the Reserve Bank of Australia may cut interest rates,…