SET lifted temporary measures on daily ceiling & floor limits, stocks & unit trusts now back to normal at +/-30% limit, foreign shares at +/-60%. Dynamic price band now back to 10% from the last execution price while short selling is only allow for stocks inside SET100, uptick rule applied same way.
TH logged 10.7m tourist arrivals ytd (end of Apr 15), 660k travelers visiting during Songkran festive, surged short haul travelers from Chinese & Indian tourists and long-haul tourists from EU on the back of spring break boosted arrivals.
Chinese EEC investment disappoints: Investors from China are bringing in their own construction materials, labour and contractors. The benefit to Thai real estate from Chinese industrial investment may be limited to land sales in industrial estates and other areas within the Eastern Economic Corridor (EEC), as Chinese investors often bring their own materials, labour and contractors. Bangkok Post
B5bn fund propels motor show sales: The newly established 5-billion-baht government fund has begun to lift domestic auto sales, helping to drive total vehicle bookings at the recent Bangkok International Motor Show. Bangkok Post
Initiative to regenerate insurance: Regulator to unveil open data ecosystem. The Office of the Insurance Commission (OIC) is preparing to launch an open insurance system, unlocking the industry in the digital era with a transparent, secure, and standardised data ecosystem. Bangkok Post
Authorities tout Map Ta Phut carbon sandbox plan: Authorities are pushing ahead with better carbon data management in industrial estates to increase investment in the Map Ta Phut sandbox, jointly carried out by the World Bank and the Industrial Estate Authority of Thailand (IEAT). Bangkok Post
Govt sets sights on US gas: Hopes more LNG will lower trade gap. Thailand plans to buy an additional 1 million tonnes of liquefied natural gas (LNG) worth US$500 million (about 16.6 billion baht) from the United States over the next five years as part of efforts to ease the trade imbalance that led Washington to impose a high tariff on Thai exports. Bangkok Post
Bhumjaithai told to sort out casino differences: The chief government whip has urged the Bhumjaithai Party to solve internal disagreements over the casino issue and emphasised the importance of maintaining government unity amid growing political tensions between coalition members. Bangkok Post
Firms call for greater EV incentives: New tax cut covers commercial vehicles. The state tax exemption for companies buying commercial electric vehicles should promote EV usage, but more measures are needed to speed up the transition to ecofriendly vehicles, say companies in the sector. Bangkok Post
The SET insists several high-dividend stocks on the exchange are a good long-term choice amid low interest rates.: Sixteen listed companies have delivered an average dividend yield of more than 5% over the past three years, according to the Stock Exchange of Thailand (SET), suggesting such stocks are a “viable longterm investment option” in a low interest rate environment. These companies’ threeyear average yields range from 5.43% to as high as 17%, nearly three times higher than the current average 12-month fixed deposit interest rate offered by local commercial banks. Bangkok Post
