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SET back on track after MPC decision
The Stock Exchange of Thailand (SET) was dominated by the news that the Bank of Thailand (BOT)’s Monetary Policy Committee (MPC) had decided to cut the country’s benchmark lending rate down to 1 per cent for the first time...
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Investors subscribed for all of CRC shares totaling $2.5 billion
Retail investors have subscribed to all of Central Retail Corporation shares in its first-ever initial public offering, Phatra Securities who is handling the IPO said.CRC has offered up to 1.331 billion new ordinary shares, representing 22.1 per cent...
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Lowered outlook for Thailand’s GDP growth from multiple groups
The
Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has lowered
its GDP prediction for 2020 from 2.5-3.0 per cent to 2.0-2.5 per cent, the
group said Wednesday.The
JSCCIB, which is comprised of the Board of Trade of Thailand, the Federation...
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MPC cuts policy interest rate by 25 basis points
The Bank of Thailand (BOT)’s Monetary Policy Committee (MPC) members voted unanimously on Wednesday to cut the policy interest rate by 25 basis points from 1.25 per cent down to 1 per cent, citing that economic growth could be...
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Macy’s set to close 125 stores but Central set to open 180 more
US department store chain Macy’s announced yesterday that they would close down 125 stores over the next three years, while cutting more than 2,000 corporate jobs. The company said it plans to step away from the weakening shopping mall...
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SET in the green, but not stable
Following a dip below 1500 on Monday, the Stock Exchange of Thailand (SET) rebounded by 23.32 points, or 1.56 per cent, to close at 1519.38 yesterday. Brokers pointed to stimulus measures from the cabinet with inflow from foreign investors...
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Thai telecoms companies signal intent with 5G bid proposals
TRUE, TOT, DTAC, ADVANC and CAT have proposed their starting bids for 5G spectrums that will be put up for auction on February 16.All bids came in before
the deadline of 16:30pm on Tuesday. The licenses up for
auction are:700...
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Cabinet approves stimulus measures to prop up economy
Thailand’s cabinet has approved several measures to
help Thailand’s ailing economy, the Minister of Energy, Sontirat Sontijirawong,
told reporters on Monday.One of the key proposals will be a reduction of excise tax on aviation fuel from 4.726 baht per liter down...
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SET rebounds at midday trading; in line with other Asian indexes
The
Stock Exchange of Thailand rebounded by more than 12 points by afternoon
trading on Monday.The
index climbed up by 12.41 points from 1496.06 at opening to 1508.47 points at
the intermission. The rebound was led by PTTGC, BAM, TOP, SCB and...
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MPC predicted to lower rate
The majority of brokers and think tanks are predicting that the Bank of Thailand’s Monetary Policy Committee (MPC) will lower the country’s benchmark interest rate at their meeting tomorrow.Charl Kengchon, Executive Chairman of Kasikorn Research Center (KResearch), said they...
