The domestic gold price fell by as much as 1,300 baht yesterday to 24,000 baht per one-baht weight (15.16 grammes) on volatile trade with over 10 adjustments, as traders noted the price is likely to fall further on European debt crisis concerns. The local price moved in line with the global market as gold nosedived […]
Tag Archives | Thailand Alternative Investments
SEC warns against panic selling
“The nosedives in the SET index, gold and silver prices are in line with global levels. The SEC has closely monitored the situation and would like to assure all of the stability of the trading, settlement and delivery system as well as the financial stability of facilities like the depository centre, securities companies, mutual fund […]
Fears of investment drought
The turmoil in global financial markets and fears of recession in Europe and the United States may scare investors away from Thailand and other developing countries, which need capital to boost their economies, Finance Minister Thirachai Phuvanatnaranubala said yesterday. “I’m more worried about abrupt capital inflows and outflows than the impact of an export slowdown,” […]
PTT chief on value quest
Pailin Chuchottaworn, the new president and chief executive of PTT Plc, has vowed to steer the national oil flagship further toward advanced technology, high-value and green products. “We will no longer stress commodity-grade production. Technology will be put into every product we sell.This will make higher selling prices and greater profit possible,” said Mr Pailin, […]
Kohler plans Thai production base
Kohler, the US-based manufacturer of sanitary ware and plumbing products, has been promoting Thailand as its base for manufacturing and product development in the region to cash in on the coming Asean Economic Community, which will be fully effective in 2015. Kamol Lertsattha, managing director of Kohler (Thailand), said that Thailand will take on a […]
Government moves to cut dependence on exports
Kohler, the US-based manufacturer of sanitary ware and plumbing products, has been promoting Thailand as its base for manufacturing and product development in the region to cash in on the coming Asean Economic Community, which will be fully effective in 2015. Kamol Lertsattha, managing director of Kohler (Thailand), said that Thailand will take on a […]
SET dives below 1,000
Thai stocks yesterday plunged 3.79% to close below 1,000 points, the lowest close since March due to investor panic over the global economic crisis after the Federal Reserve warned that the US faces a grim economic outlook with significant downside risk. The Stock Exchange of Thailand index dropped 39 points to close at 990.59 in […]
Indorama takes recycling business in Europe
Indorama Ventures (IVL) has signed an agreement to acquire Wellman International’s recycling business in Europe from Aurelius AG, to pursue customers’ sustainability needs and meet the demands of consumers for more recycling of post-consumer products. Indorama’s board approved a management proposal to acquire from Aurelius AG the businesses of Wellman International and its related company […]
Thai Smile crew to be hired
The company will need 100 female cabin crews and 40 pilots to work for the new carrier. The recruitment will be done by Wingspan Services Co, of which THAI is a shareholder. Candidates to join the crew should not be over 24 years old, should be at least 165 centimetres tall, have secondary high school […]
Siam Cement tops DJSI index
Siam Cement Group has topped Dow Jones Sustainability Index (DJSI) building material and fixture sector for the first time, convincing SCG’s management that it is on the right business course. “Our dedication to the sustainable-development [SD] principle reached another milestone when SCG achieved the gold-class level of the DJSI for four consecutive years,” said company […]
