Bank for Agri (BAAC) cuts FY21 loan growth target to Bt70b from Bt100b in FY20, sees farmers becoming more prudent on spending.
Delivery of jabs in doubt: Stockpiling by EU may halt exports. The government now appears reluctant to confirm if a second batch of Covid-10 vaccines will arrive in Thailand in June as expected, after the European Commission said it will seek to impose a mechanism allowing members to block exports if the EU’s own purchase orders have yet to be fulfilled. Bangkok Post
Export recovery poised to continue, says BoT: Improvement supported by higher demand from trading partners. Exports are expected to continue improving, following the return to growth in December, the first uptick in 10 months, supported by higher demand from trading partners and better global trade sentiment, says the Bank of Thailand. Bangkok Post
Graft in state help scheme scam worth 1.7 billion baht: Hotel operators and individuals have colluded to swindle 1.7 billion baht from the “Rao Tiew Duay Kan” tourism stimulus package by using social media to make fraudulent claims, said the Crime Suppression Division (CSD). Bangkok Post
OR IPO tipped to draw droves of new investors: PTT Oil and Retail’s (OR) initial public offering (IPO) subscription is expected to draw thousands of new investors to the Thai stock market, with novel trading accounts likely to exceed 35,000 this month. Bangkok Post
SET: Rules bar Thai GameStop: The Thai stock market is unlikely to encounter a similar situation to the market frenzy around GameStop (GME) shares thanks to regulators’ tighter grip on market volatility, says Pakorn Peetathawatchai, the president of the Stock Exchange of Thailand (SET). Bangkok Post
Baht and containers crucial to export hike: Exports, a key driver of the country’s economic growth, could fare better than 3-4% growth this year if the government provides more support, particularly in handling the persistent baht rise and the container shortage, says the Thai National Shippers’ Council (TNSC). Bangkok Post
PM approves B40bn in aid: Millions of Sec 33 employees to benefit. Prime Minister Prayut Chan-o-cha yesterday gave the green light to financial aid handouts to ease the plight of employees under the social security system. The scheme will cost the government about 40 billion baht. Bangkok Post
BoT likely to cut growth outlook based on Covid: The Bank of Thailand is poised to lower its 3.2% growth forecast for Thailand this year against the backdrop of increasing downside risks stemming from the persistent Covid-19 outbreak. Bangkok Post
Nissan pledges Thai EV hub: Nissan Asean vows to spend tens of billions of baht making Thailand an electric vehicle (EV) hub for export worldwide, expecting up to 250 million EVs will hit the streets in Asean. Bangkok Post
The retail offering has been expanded from 595 million to 1.036 billion shares. The word I heard out of brokerage industry is that the public oversubscribed 2.25 times. That should translate into some massive trading in the first week (supposedly late next week.) I’m in an interesting position My broker tells me that we foreign subscribers will receive OR-F shares, for which there will no market. We will have to be on our toes, getting conversion to local shares, if we want to trade, or hold to receive dividends.
Don.
The retail offering has been expanded from 595 million to 1.036 billion shares. The word I heard out of brokerage industry is that the public oversubscribed 2.25 times. That should translate into some massive trading in the first week (supposedly late next week.) I’m in an interesting position My broker tells me that we foreign subscribers will receive OR-F shares, for which there will no market. We will have to be on our toes, getting conversion to local shares, if we want to trade, or hold to receive dividends.
kelvin bamfield
timing is everything https://www.bangkokpost.com/opinion/opinion/2062339/when-an-economist-meets-a-psychic