E-commerce in Thailand grew to Bt3.2 trillion last year: ETDA : Thai e-Commerce grew the most in the Asean region last year, due to changes in consumer behaviour, and its value is expected to hit Bt3.2 trillion, the Electronic Transactions Development Agency (ETDA) said on Saturday.
Government petitioned for safeguard extension : Seven steel-related associations yesterday filed a petition with the government asking for an extension of safeguard measures on imported hotrolled steel alloy sheets for another three years. Bangkok Post <
NBTC may extend loans to operators as 5G inducement : The National Broadcasting and Telecommunications Commission (NBTC) is exploring the possibility of drawing on its research and development fund to make loans to telecom operators as a new financial option to encourage the operators to bid for new spectrum licences later this year. The Nation <
Stake in Japanese EV maker to boost Banpu in smart energy field : Thailand’s Banpu Plc has signed an agreement to purchase shares in Japanese manufacturer of a compact electric vehicle. The Nation <
‘Floating solar plants’ heading to Cabinet : Electricity Generating Authority of Thailand (Egat) will soon propose to the Cabinet its Bt2-billion pilot project for a 45-megawatt hydro-floating solar hybrid plant at Sirindhorn Dam in Ubon Ratchathani province. The Nation <
Solar hybrid scheme aimed for cabinet : State-run Electricity Generating Authority of Thailand (Egat) expects to request the cabinet acknowledge and approve its massive investment plan for floating solar hybrid power generation at nine dams nationwide. Bangkok Post <
BoT holds off on second rate hike : Household debt rise among key concerns . Rising anxiety over swelling household debt has prompted the Bank of Thailand’s rate-setting committee to pause hikes yesterday after December’s tightening, which was meant to ward off potential financial stability risks. Bangkok Post <
MPC: Quarter-point raise not hurting fund inflows : The Bank of Thailand has insisted that the quarter-point policy rate hike last December has not resulted in offshore fund inflows, nor strengthened the baht. Bangkok Post <
Risks to auto supply chains flagged : Top planners fear breakdown in china-us trade talks will hurt thai producers . A top planning agency has expressed concerns for the impact on Thailand from disruptions to vehicle supply chains arising from the prospect of a flare-up in the trade war between the US and China. The Nation <
Stocks tipped to rise on MSCI rejig : Inclusion of NVDRs in index provider’s emerging markets gauge would spur foreign buying, experts say . Foreign investors are expected to boost their holdings of Thai shares if global index provider MSCI proceeds with a plan to include a class of shares held by foreigners in its closely watched emerging markets index. The Nation <
quote: Stocks tipped to rise on MSCI rejig : Not sure why this is is being tipped by (aweful term) by the SET President. first, the average of forecast earnings growth in 2019 for listed companies’ earnings has been revised down to 4-5 % from 8-9 % . so it is difficult to see gains in common shares. There are some tremendous yields available. But as an investor in Thai stocks through NVDRs, I am precluded from receiving dividends, unless I go through the conversion from NVDR into local into local. I cannot see how this is going to offer an appealing scenario to foreigner investors.
What? NVDR receives dividends just like if you were to hold ordinary shares as a Thai national. You just don’t get a say in how the company is run, hence the term non voting..
yes, i have wondered about don mentioning that too. I am a foreigner living with my family in thailand and have stocks on the SET and have always received dividends. no voting rights, though, but with my small holdings that does not matter anyway:)
of course, if one would discount any dividends, there wouldn’t be that many attractive stocks on the market…
If you hold ordinary shares in a Thai company and you are not a Thai national, then you would not be eligible for any dividends, many of my friends and colleagues circumvent this rule by using their spouse or children as effective ‘nominees’. Still carries some risk though if the wife decides to run off with the gardener for example…
Don
quote: Stocks tipped to rise on MSCI rejig : Not sure why this is is being tipped by (aweful term) by the SET President. first, the average of forecast earnings growth in 2019 for listed companies’ earnings has been revised down to 4-5 % from 8-9 % . so it is difficult to see gains in common shares. There are some tremendous yields available. But as an investor in Thai stocks through NVDRs, I am precluded from receiving dividends, unless I go through the conversion from NVDR into local into local. I cannot see how this is going to offer an appealing scenario to foreigner investors.
Xavi
What? NVDR receives dividends just like if you were to hold ordinary shares as a Thai national. You just don’t get a say in how the company is run, hence the term non voting..
peter satrapa-binder
yes, i have wondered about don mentioning that too. I am a foreigner living with my family in thailand and have stocks on the SET and have always received dividends. no voting rights, though, but with my small holdings that does not matter anyway:)
of course, if one would discount any dividends, there wouldn’t be that many attractive stocks on the market…
Xavi
If you hold ordinary shares in a Thai company and you are not a Thai national, then you would not be eligible for any dividends, many of my friends and colleagues circumvent this rule by using their spouse or children as effective ‘nominees’. Still carries some risk though if the wife decides to run off with the gardener for example…
Pon
This truly defines Thailand’s viewpoint to non-locals.
Half of me agrees with it the other half hates it.