Investment
Bt15 Billion Expected to be Circulated During World Cup
The operator of the 7-11 convenience stores and a World Cup souvenir licensee expect spending during the upcoming World Cup in Thailand to reach 15 billion baht through the increased sales of souvenirs. P.P.W. Interactive has joined with CP All to launch a line of World Cup souvenir products under the brand “Football Connect.
The operator of the 7-11 convenience stores and a World Cup souvenir licensee expect spending during the upcoming World Cup in Thailand to reach 15 billion baht through the increased sales of souvenirs. P.P.W. Interactive has joined with CP All to launch a line of World Cup souvenir products under the brand “Football Connect.
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Bt15 Billion Expected to be Circulated During World Cup
A severe drought and a decline in rice prices in early 2010 do not bode well for agricultural production and consumption, although increased employment in manufacturing will partly offset the impact to agriculture.
Government consumption will likely contract due to the phase-out of consumption measures of the first fiscal stimulus package. Investment is expected to recover, as capacity utilization rises and deferred maintenance, machine replacements and limited expansion of existing plants take place. In addition, there are indications that construction investment, long subdued, may be picking up.
In Vietnam, households use to held their savings in cash or real estate. With the opening of the stock market, you have seen a tremendous shift of funds into the capital market.
Many Thai companies don’t even really need to be in the market, with only a limited need to raise capital.
The modern Thai capital market can essentially be divided into two phases, beginning with “The Bangkok Stock Exchange” which was privately owned, followed by the establishment of “The Securities Exchange of Thailand”.
The inception of the Thai stock market began as far back as July 1962, when a private group established an organized stock exchange as a limited partnership. The group later became a limited company and changed its name to the “Bangkok Stock Exchange Co., Ltd.” (BSE) in 1963.
Despite its well-intended foundation the BSE was rather inactive. Annual turnover value consisted of only 160 million baht in 1968, and 114 million baht in 1969. Trading volumes continued to fall sharply thereafter to 46 million baht in 1970, and then 28 million baht in 1971. The turnover in debentures reached 87 million baht in 1972, but stocks continued to perform poorly, with turnover hitting an all time low of only 26 million baht. The BSE finally ceased operations in the early 1970s.
It is generally accepted that the BSE failed to succeed because of a lack of official government support and a limited investor understanding of the equity market.
Business
Asian Financial Forum (AFF) Features 2,800+ Government, Finance and Business Leaders
Co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), the two-day Asian Financial Forum (AFF) came to a successful conclusion today at the Hong Kong Convention and Exhibition Centre. (more…)
China
Asian Infrastructure Investment Bank opens for Business
The inaugural meeting of the Asian Infrastructure Investment Bank’s Board of Directors was convened in Beijing on January 17, 2016. The Board of Directors is made up of 12 Directors, of which 9 Directors represent regional members and the others non-regional members. Mr. Jin Liqun, President of the AIIB, chaired the meeting.
The inaugural meeting of the Asian Infrastructure Investment Bank’s Board of Directors was convened in Beijing on January 17, 2016. The Board of Directors is made up of 12 Directors, of which 9 Directors represent regional members and the others non-regional members. Mr. Jin Liqun, President of the AIIB, chaired the meeting. (more…)
Banking
Beloved panda was wartime ambassador warming hearts of people
Ming the panda gets behind the camera for photographer Bert Hardy in 1939 in London Zoo. In the chair is Hardy’s son Mike. Getty Image She was black, white and furry, far from home, and loved having her tummy tickled, especially by princesses.
Ming the panda gets behind the camera for photographer Bert Hardy in 1939 in London Zoo. In the chair is Hardy’s son Mike. Getty Image She was black, white and furry, far from home, and loved having her tummy tickled, especially by princesses.
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Beloved panda was wartime ambassador warming hearts of people