Thai shares plunged over US bailout jittery

The Stock Exchange of Thailand composite index fell 0.79 per cent, or 4.75 points, to 569.54 on Tuesday amid market jittery over uncertain outcome of the U.S. massive rescue plan for the financial sector.
The market closed barely recovered from a big fall of 2.94 per cent, or 17.70 points, to a 5-year low record of [...]

Export growth falls for first time in August

Thailand’s annual export grows slower for first time in August, leaving two straight months trade deficit account, hit by sluggish shipment to the U.S., China and other Asia countries, said central bank senior director Titanun Malikamas.
Mr. Titanun said the export growth fell sharply to 15.5 per cent in August from 43.9 per cent growth in [...]

Bank Thai likely to acquire by Malaysia’s CIMB

Sale of Bank Thai’s 2,800 million shares to Malaysia’s CIMB Group will have conclusion by November, according to Finance Minister Suchart Thadathamrongvej.
Mr. Suchart said he is considering allowing CIMB Group to acquire 42.13 per cent stakes in the ailing Thai Bank.
“I am to make the decision myself after HM the King’s endorsement of the new [...]

From rag to finmin

“I am the first child of a very poor family,” newly appointed finance Minister Suchart Thadathamrongvej told reporters at a news conference on first day in duty: “My father is a shoe repairer. When I was a kid I used to row a boat helping my illiterate mother selling noodle. I was a bus conductor [...]

Thai stock market is expected to continue rising in the next week trading in line with regional and the global markets. U.S.’s bailout measure holds positive stance in restoring investors’ confident. Brokers were told to monitor the return of foreign investors to buy back good fundamental shares after previously short selling.

Central bank chiefs from 20 countries held convention in Bangkok to discuss measures in coping with the U.S. subprime crisis. Thai central bank governor Tarisa Watanagase assured the collapse of Lehman Brothers has no huge impact on Thailand financial market.

Stock closed higher over ease in US mortgage crisis fear

The Stock Exchange of Thailand composite index rose 4.07 per cent on Friday to 624.86 points as market shed fear over global mortgage crisis.
Gainers far outnumbered decliners 333 to 49 with 61 remained unchanged amid heavy trade of 18,175.87 million baht.
The market has recovered from 600 level on Thursday and briefly hitting peak of 628.64 [...]