Daikin launches “Buy 1 Get 3” campaign to extend care and support to consumers #SootinClaimon.Com

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https://www.nationthailand.com/business/40002009

Daikin launches “Buy 1 Get 3” campaign to extend care and support to consumers


“Buy 1 Get 3” campaign to extend care and support to consumers with free Covid-19 insurance for 2 persons with every purchase of Daikin air purifier that comes with Streamer technology

Daikin launches "Buy 1 Get 3" campaign to extend care and support to consumers

Mr. Sarawut Tempattarasak, Corporate Planning Assistant General Manager, Siam Daikin Sales Co., Ltd., said that the firm is fully aware of the gravity of the current COVID-19 situation in Thailand that causes devastating effects and worries in the daily life of Thai consumers. Therefore, Daikin is offering “Buy 1 Get 3” promotion that offers COVID-19 insurance for 2 persons with purchase of Daikin air purifier to extend their concern and care to the consumers for them to brave through the crisis safely.

Daikin launches Daikin launches

Buyers of Daikin air purifier MCK55TVM6, MC55UVM6 and MC40UVM6 at normal prices (exclusive of project prices and purchase of display units) between 4-30 June 2021 receive COVID-19 insurance from Southeast Insurance. Assured sum for first positive test result of COVID-19 is 50,000 baht. One purchase of Daikin air purifier is eligible for one comprehensive COVID-19 insurance policy that ensures 2 persons.

Daikin air purifiers are equipped with Streamer technology, Daikins’s patented technology that eliminates SARS-CoV-2 and brings fresh, clean air to everyone in the family, especially during Work From Home period where most consumers spend more time at home. Also, as they venture outside during the time of pandemic, Daikin also extend the care and support against COVID-19 with the comprehensive insurance that comes with the promotion.

The promotion is available through participating dealers and department stores only. Consumers can register to receive COVID-19 insurance and submit required documents via this link or QR code. Once the credentials are verified, a confirmation will then be sent via SMS and email according to contact information provided in the registry. The insurance valid until 31 May 2022 after 14-day waiting period. For more information, please visit https://www.daikin.co.th/promotions/.

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Mr. Sarawut also added that medical personnel also get 1,000-baht cash back from “You Take Care of Thai Citizens, We Take Care of You” promotion. Simply send required documents via LINE: Daikin Thailand to receive the cash back according to terms and conditions. For more information, please go to https://www.daikin.co.th/promotions/daikin-support-medical-personnel/.

Published : June 14, 2021

Baht expected to move sideways amid pressure from dollar and foreign fund flow #SootinClaimon.Com

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https://www.nationthailand.com/business/40002005

Baht expected to move sideways amid pressure from dollar and foreign fund flow


The baht opened at 31.08 to the US dollar on Monday, unchanged from its closing rate on Friday. The Thai currency is likely to move between 31.05 and 31.15 during the day and between 30.90 and 31.30 this week, Krungthai Bank market strategist Poon Panichpibool said.

Baht expected to move sideways amid pressure from dollar and foreign fund flow

He predicted that the baht would tend to move sideways.

Poon said the two factors that could weaken the baht were the dollar’s direction and funds flow of foreign investors into Thailand.

The market strategist said the dollar could possibly fluctuate in keeping with the Fed’s viewpoint on quantitative easing.

In addition, he said that the dollar would be supported by the weakening of the pound due to the Covid-19 crisis in the UK.

Regarding foreign funds flow, Poon said that investment by foreign investors would depend on their confidence in Thailand, especially in the mass Covid-19 vaccination drive.

Published : June 14, 2021

By : The Nation

Delays in vaccination drive due to shortages could dampen SET optimism #SootinClaimon.Com

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https://www.nationthailand.com/business/40002004

Delays in vaccination drive due to shortages could dampen SET optimism


The Stock Exchange of Thailand (SET) Index rose by 1.22 points, or 0.07 per cent, to 1,637.78 on Monday morning. The volume of total transactions was THB16.73 billion with an index high of 1,642.80 and a low of 1,636.30.

Delays in vaccination drive due to shortages could dampen SET optimism

The SET Index closed at 1,636.56 on Friday, up 11.29 points or 0.69 per cent. Transactions totalled THB106.11 billion with an index high of 1,636.92 and a low of 1,628.14.

Krungsri Securities predicted the SET Index would fluctuate between 1,630 and 1,650 amid hopes of a Thai economic recovery as a mass vaccination drive commenced nationwide.

The index also gained positive sentiment from expectations that the US Federal Reserve would maintain its interest rate and continue the quantitative easing policy.

However, news of many hospitals in Thailand postponing the vaccination drive and signs of overbought stocks could pressure the index, Krungsri Securities said.

It recommended that investors buy:

▪︎ PTT, PTTEP, PTTGC, TOP, IVL, BANPU, PSL and TTA, which benefit from a global economic recovery.

▪︎ BCH, CHG, BDMS, MINT, CENTEL, ERW, AOT, CPALL, HMPRO, CPN, CRC, AAV, AMATA and WHA, which would benefit from the country’s reopening.

▪︎ KCE, IRPC, STA and STGT, expected to be listed on the SET50 Index in mid-June.

▪︎ AAV, BLA, ICHI, PSL, PTL, SINGER, STARK, STGT and SYNEX, expected to be listed on the SET100 Index in mid-June.

Published : June 14, 2021

By : The Nation

Gold continues last weeks downward trend #SootinClaimon.Com

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https://www.nationthailand.com/business/40002000

Gold continues last weeks downward trend


The price of gold in Thailand dropped by THB100 per baht weight in morning trade on Monday due to the strengthening dollar after the US showed strong improvement in its economic data.

Gold continues last weeks downward trend

Also, the price was pressured by mass sell-offs of the precious metal after its price had risen sharply.

The Gold Traders Association report at 9.25am showed the buying price of a gold bar at THB27,450 per baht weight and selling price at THB27,550, while gold ornaments were priced at THB26,954.48 and THB28,050, respectively.

At close on Saturday, the buying price of a gold bar was THB27,550 per baht weight and selling price THB27,650, while gold ornaments were THB27,060.60 and THB28,150, respectively.

The price had fallen by THB200 per baht weight last week.

Spot gold price on Monday fell further to US$1,866 (THB58,011) per ounce compared to Friday when it had dropped by $18.6 to $1,879.6 per ounce, the lowest in a week.

Published : June 14, 2021

By : The Nation

Thai Credit Retail Bank educates and finances micro SMEs #SootinClaimon.Com

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https://www.nationthailand.com/business/40001975

Thai Credit Retail Bank educates and finances micro SMEs


Thai Credit Retail Bank is pushing its Tang To Know-how programme to equip micro small and medium enterprises (SMEs) with equal and sustainable growth opportunities.

Thai Credit Retail Bank educates and finances micro SMEs

The economic situation and the Covid-19 pandemic are widely affecting all sectors and one of them is the small entrepreneur, or micro SME. Although it is a relatively large group, the individual size of the business is small, hence it is difficult to access financial services, the bank said.

“Illegal lenders” is a solution that small entrepreneurs often choose, paying high interest rates on loans, resulting in growing debt.

Thai Credit Retail Bank educates and finances micro SMEsThai Credit Retail Bank educates and finances micro SMEs

“We were able to see that a large portion of Thailand’s population fell outside the coverage of banking and financial institutions who focused more on targeting less risky customers,” said Roy Agustinus Gunara, managing director of the bank. “But we felt the pain of this segment and Thai Credit focused its efforts towards serving the underserved needs of a relatively large, ignored segment of Thai consumers, in order to help them gain equal access to financial services,”

Thai Credit Retail Bank launched Tang To Know-how, a financial literacy programme for small entrepreneurs, especially merchants’ group. Participants in the Tang To Know-how programme are able to be inspired about their potential and the possibilities for their businesses and actually take the pertinent steps towards making their dreams a reality, Gunara said.

“Thai Credit is working with the University of Thai Chamber of Commerce to ensure that the curriculum is rational, logical and methodical. Our partnership with UTCC also provides participants with peace of mind that the courses they are taking part in, are validated by a respected academic institution,” Gunara said.

In 2021, the programme curriculum has been upgraded to academic standards, accredited by the Faculty of Accountancy, the University of Thai Chamber of Commerce, to solve the problems of household debt and bad debt in businesses, which affect the country’s economic growth.

The content consists of fundamental marketing and management, digital banking, creating and driving sales channels, basics of financial management and record keeping, preparation for applying for a bank loan, working capital and profit management etc.

In the past, more than 98 per cent of over 30,000 participants who joined the programme stayed financially disciplined, enabling them to manage their debt effectively and build strong business credit, Gunara said.

The programme, which is free of charge, has conducted 1,161 sessions in all regions of the country.

Thai Credit Retail Bank educates and finances micro SMEsThai Credit Retail Bank educates and finances micro SMEs

When asked about the next step of the Tang To Know-how programme, apart from organising training sessions every year, Gunara said: “For Thai Credit Retail Bank, it’s not about breadth, it’s about depth. We will indeed grow the Tang To Know-how programme, but more important than simply scaling and trying to spread our reach, we want to do whatever we can to ensure that customers and non-customers alike who go through the programme, ultimately becoming more empowered. Rather than being a crutch, Thai Credit Retail Bank wants to be an enabler for our customers to grow their businesses.

“In the future, we want to be the centre of education and content provider for our customers, and we want to be able to promote their business.”

Published : June 14, 2021

By : The Nation

Maine tries to shift the cost of recycling onto companies instead of taxpayers #SootinClaimon.Com

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https://www.nationthailand.com/business/40001990

Maine tries to shift the cost of recycling onto companies instead of taxpayers


TRENTON, Maine – At the height of tourist season, the recycling bins at this coastal town used to swell with glass and plastic, office paper and piles of cardboard from the local boatyard. But the bins are gone, and their contents now join the trash, destined either for an incinerator to generate electricity or a landfill.

Maine tries to shift the cost of recycling onto companies instead of taxpayers

Trenton is one of many Maine towns that had to cut back or close their recycling operations after events both global and local. In 2018 China, which used to take much of America’s plastic waste, banned most of those imports. Last year, a plant in Hampden, Maine, that promised to provide state-of-the-art recycling for more than 100 municipalities shut down.

With mountains of boxes and bubble wrap from online pandemic shopping now going in the trash, lawmakers are trying to make Maine the first state to shift some of the costs of its recycling onto companies – not taxpayers. If the bipartisan bill passes, Maine will join several Canadian provinces, including neighboring Quebec, and all European countries, which have for decades relied on so-called extended producer responsibility programs, or EPR, for packaging.

“It’s good that the bottom fell out,” said Rep. Nicole Grohoski, D-Ellsworth, the bill’s Democratic sponsor, whose district includes Trenton. She doesn’t believe the old system of shipping products halfway around the world to China made sense as countries try to reduce their carbon footprints.

“We have to face this problem and use our own ingenuity to solve it,” Grohoski said.

The proposed legislation, which is vehemently opposed by representatives for Maine’s retail and food producing industries, would charge large packaging producers for collecting and recycling materials as well as for disposing of non-recyclable packaging. The income generated would be reimbursed to communities like Trenton to support their recycling efforts. EPR programs already exist in many states for a variety of toxic and bulky products including pharmaceuticals, batteries, paint, carpet and mattresses. At least a dozen states, from New York to California and Hawaii, have been working on similar bills for packaging.

“Ten years ago, this would have been unthinkable,” said Dylan de Thomas, vice president of external affairs at the Recycling Partnership, who said he is seeing far more openness to EPR bills from such corporate giants as Coca-Cola and Unilever than in the past.

“It’s a reflection of the pressure they are seeing from corporate investors,” said de Thomas, who anticipates there may be similar shifts in national policies.

“That’s the big enchilada,” he said.

EPR programs for packaging, which accounts for about 40 percent of the municipal waste stream, have worked well in other countries, said Scott Cassel, CEO of the Product Stewardship Institute, who said benefits include new jobs as well as reinforcing the circular economy – or continual reuse of resources.

“These are tried-and-true strategies,” he said. None of these first bills will be perfect. But this is a path that we need to start down in the U.S.”

In Maine, the bill’s opponents raise concerns about the logistics retailers may face policing the new policies and the potential for food costs to rise for consumers who are just emerging from the pandemic. They cite a study from Toronto’s York University, which analyzed New York’s EPR bill and estimated an additional $36 to $57 per month in grocery costs for the average family of four. EPR advocates contest those findings, saying there is little evidence of significant costs ending up with consumers in other countries.

For many rural Mainers who don’t enjoy the benefits of free curbside waste collection, the debate over recycling seems irrelevant. They haul their own trash to transfer stations to avoid the $6 weekly charge for having it collected.

“I’ve never been one to recycle,” said Penny Lyons, a Trenton resident, although her family has a stash of bottles and other beverage containers on a flatbed trailer that can be turned in for cash. Her husband, who works in car sales, is able to dispose of their solid waste at work, she said.

Chocolate maker Kate McAleer, who owns chocolate maker Bixby &. Co, said that to follow federal food safety guidelines her company uses metalized film that is a challenge to recycle but protects against pests, air, sunlight and tampering. Changing that would have an impact on her products’ shelf life.

She doesn’t believe legislators understand the complexity of food safety. “I think they think there are solutions that there aren’t,” Bixby said.

Christine Cummings, executive director of the Maine Grocers and Food Producers Association, said her primary concern is “the unknowns” for businesses in a state that sits at the end of distribution routes and relies heavily on incoming goods.

“What is this going to do on our supply chain?” she asked.

Grohoski dismisses such concerns.

“We won’t be out on a limb for long,” she said, anticipating that if her bill passes, other states will soon follow suit.

In the meantime, some communities are paying a premium to continue recycling programs by shipping materials south to Portland, the state’s biggest city. Others are devising ways to process and sell recyclable materials.

In Unity, Maine, about 90 miles north of Portland, Steve Wright and Jeff Reynolds are running an eight-town sorting operation, feeding paper and plastics into giant green balers and glass into a machine that grinds bottles into a glistening powder that can be used for insulating boxes around lithium batteries or with aggregate to make driveways.

Each of the surrounding towns pays in according to its population – Unity has 2,000 residents – and individuals from further away can join for an annual fee of $30.

The pandemic has increased the piles of cardboard, particularly from pet owners leery of going inside stores, Wright sad..

The operation is powered by 40 solar panels and has room to expand – particularly if the EPR goes through.

“We have to move now,” said Rep Stanley Paige Ziegler, D-Montville, whose district includes Unity and who has worked alongside Grohoski to advance the EPR bill.

Sarah Nichols, Sustainable Maine director at the Natural Resources Council of Maine, sees the bill as the logical next step for a state that has led the way in environmental policies. Maine passed one of the first bottle bills in the 1970s and in 2004 the first laws requiring manufacturers to pay the entire cost of recycling computers and televisions. In 2019, the legislature passed the nation’s first statewide ban on Styrofoam food containers that will soon go into effect.

“Maine is seen as a national leader in environmental policy,” Nichols said. “That’s why people move here and visit. It’s part of our state’s personality.”

Nichols points out that Department of Environmental Protection estimates show it can cost 67 percent more to recycle than dispose of packaging. Taxpayers pay at least $16 million annually to manage packaging material through recycling or disposal – costs they have no control over.

Nichols argues the EPR bill would give manufacturers an incentive to reduce packaging and design packaging that is more easily recycled.

Old recycling habits die-hard at the transfer station in Southwest Harbor, with its stunning views toward the forested slopes of Acadia National Park.

Residents drive up to pitch their waste into bays still bearing green signs reminding them of the old days when they sorted their waste: Glass, tin, aluminum and plastic in one; magazines, catalogues and other paper goods in another.

The baler that used to package up paper hasn’t been used for a couple of years, according to the site’s owner, Mark Worcester. Instead, Worcester is sending out a 25-30 ton container of trash – sometimes two – every day, usually to be incinerated for electricity.

“We get tons and tons of cardboard,” Worcester said.

On a busy Saturday morning, car after car pulled up loaded with packaging materials, folded ready for the recycling that would not happen.

“It’s a reflex,” said Jon Zeitler, as he broke down a box and chucked it into the bay that used to be for paper goods.

“Mentally, I have to,” said Jonathan Quebben as he, in turn, pitched his cardboard in.

Susan Raven, a third-grade teacher, said she has made a point of telling her students how to be responsible custodians of the earth. But it’s hard for them to put that into practice, she said, as she pulled out of her car’s trunk the plastic boxes her family of four always used to sort their recycling and then pitched it all into the trash.

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“We can’t break the habit,” she said.

Published : June 14, 2021

By : The Washington Post · Frances Stead Sellers

U.S. water and power are shockingly vulnerable to cyberhacks #SootinClaimon.Com

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https://www.nationthailand.com/business/40001958

U.S. water and power are shockingly vulnerable to cyberhacks


When the Los Angeles Department of Water and Power was hacked in 2018, it took a mere six hours. Early this year, an intruder lurked in hundreds of computers related to water systems across the U.S. In Portland, Oregon, burglars installed malicious computers onto a grid providing power to a chunk of the Northwest.

U.S. water and power are shockingly vulnerable to cyberhacks

Two of those cases — L.A. and Portland — were tests. The water threat was real, discovered by cybersecurity firm Dragos.

All three drive home a point long known but, until recently, little appreciated: the digital security of U.S. computer networks controlling the machines that produce and distribute water and power is woefully inadequate, a low priority for operators and regulators, posing a terrifying national threat.

“If we have a new world war tomorrow and have to worry about protecting infrastructure against a cyberattack from Russia or China, then no, I don’t think we’re where we’d like to be,” said Andrea Carcano, co-founder of Nozomi Networks, a control system security company.

Hackers working for profit and espionage have long threatened American information systems. But in the last six months, they’ve targeted companies running operational networks like the Colonial Pipeline fuel system, with greater persistence. These are the systems where water can be contaminated, a gas line can spring a leak or a substation can explode.

The threat has been around for at least a decade — and fears about it for a generation — but cost and indifference posed obstacles to action.

It isn’t entirely clear why ransomware hackers — those who use malicious software to block access to a computer system until a sum of money has been paid — have recently moved from small-scale universities, banks and local governments to energy companies, meatpacking plants and utilities. Experts suspect increased competition and bigger payouts as well as foreign government involvement. The shift is finally drawing serious attention to the problem.

The U.S. government began taking small steps to defend cybersecurity in 1998 when the Clinton administration identified 14 private sectors as critical infrastructure, including chemicals, defense, energy and financial services. This triggered regulation in finance and power. Other industries were slower to protect their computers, including the oil and gas sector, said Rob Lee, the founder of Dragos.

One of the reasons is the operational and financial burden of pausing production and installing new tools.

Much of the infrastructure running technology systems is too old for sophisticated cybersecurity tools. Ripping and replacing hardware is costly as are service outages. Network administrators fear doing the job piecemeal may be worse because it can increase a network’s exposure to hackers, said Nozomi’s Carcano.

Although the Biden administration’s budget includes $20 billion to upgrade the country’s grid, this comes after a history of shoulder shrugging from federal and local authorities. Even where companies in under-regulated sectors like oil and gas have prioritized cybersecurity, they’ve been met with little support.

Take the case of ONE Gas Inc. in Tulsa, Oklahoma.

Niyo Little Thunder Pearson was overseeing cybersecurity there in January 2020 when his team was alerted to malware trying to enter its operational system — the side that controls natural gas traffic across Oklahoma, Kansas and Texas.

For two days, his team was in a dogfight with the hackers who moved laterally across the network. Ultimately, Pearson’s team managed to expel the intruders.

When Richard Robinson at Cynalytica fed the corrupted files into his own identification program, ONE Gas learned it was dealing with malware capable of executing ransomware, exploiting industrial control systems and harvesting user credentials. At its core were digital footprints found in some of the most malicious code of the last decade.

Pearson tried to bring the data to the Federal Bureau of Investigation but it would only accept it on a compact disc, he said. His system couldn’t burn the data onto a CD. When he alerted the Department of Homeland Security and sent it through a secure portal, he never heard back.

Robinson of Cynalytica was convinced a nation-state operator had just attacked a regional natural gas provider. So he gave a presentation to DHS, the Departments of Energy and Defense and the intelligence community on a conference call. He never heard back either.”We got zero, and that was what was really surprising,” he said. “Not a single individual reached back out to find out more about what happened to ONE Gas.”

The agencies didn’t respond to requests for comment.

Such official indifference — even hostility — hasn’t been uncommon.

The 2018 break-in to the L.A. water and power system is another example.

These weren’t criminals but hackers-for-hire paid to break into the system to help it improve security.

After the initial intrusion, the city’s security team asked the hackers to assume the original source of compromise had been fixed (it hadn’t) while hunting for a new one. They found many.

Between the end of 2018 and most of 2019, the hired hackers discovered 33 compromised paths, according to a person familiar with the test who wasn’t authorized to speak publicly. Bloomberg News reviewed a report produced by the hackers for Mayor Eric Garcetti’s office.

It described 10 vulnerabilities found during their own test, along with 23 problems researchers had discovered as early as 2008. (Bloomberg News won’t publish information that hackers could use to attack the utility.) The person familiar with the operation discovered that few, if any, of the 33 security gaps have been fixed since the report’s submission in September 2019.

It gets worse.

Soon after the hackers produced the report, Mayor Garcetti terminated their contract, according to a preliminary legal claim filed by the hackers hired from Ardent Technology Solutions in March 2020. The company alleges the mayor fired the hackers as a “retaliatory measure” for the scathing report.

Ellen Cheng, a utility spokeswoman, acknowledged that Ardent’s contract was terminated but said it had nothing to do with the report’s substance. She said the utility frequently partners with public agencies to improve security, including scanning for potential cyber threats.”We want to assure our customers and stakeholders that cybersecurity is of the utmost importance to LADWP and that appropriate steps have been taken to ensure that our cybersecurity is compliant with all applicable laws and security standards,” Cheng said in a statement.

Garcetti’s office didn’t respond to a request for comment.

The case of the Oregon network — the Bonneville Power Administration — is no more encouraging.

The testing went on for years beginning in 2014 and involved an almost shocking level of intrusion followed by a pair of public reports. One published in 2017 admonished the agency for repeatedly failing to take action.

By 2020, two-thirds of the more than 100 flaws identified by the Department of Energy and the utility’s own security team hadn’t been resolved, according to interviews with more than a dozen former and current Bonneville security personnel and contractors and former members of the Department of Energy cyber team, in addition to documents, some accessed via Freedom of Information Act request.

Doug Johnson, a spokesperson for Bonneville, didn’t respond to requests for comment on whether the vulnerabilities have been resolved, including some detailed in documents reviewed by Bloomberg in 2020.

Dragos estimated in its 2020 cybersecurity report that 90% of its new customers had “extremely limited to no visibility” inside their industrial control systems. That means that once inside, hackers have free rein to collect sensitive data, investigate system configurations and choose the right time to wage an attack.

The industry is finally focused on fighting back.

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“If the bad guys come after us, there has to be an eye-for-an-eye, or better,” observed Tom Fanning, chief executive officer of Southern Co., at a conference this week. “We’ve got to make sure the bad guys understand there will be consequences.”

Published : June 13, 2021

By : Syndication Washington Post, Bloomberg · Kartikay Mehrotra

Thai stock market exceeds expectations with 11-point rise #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40001930

Thai stock market exceeds expectations with 11-point rise


The Stock Exchange of Thailand (SET) Index closed at 1,636.56 on Friday, up 11.29 points or 0.69 per cent. Transactions totalled THB106.11 billion with an index high of 1,636.92 and a low of 1,628.14.

Thai stock market exceeds expectations with 11-point rise

In the morning session, Krungsri Securities expected the SET Index on Friday to fluctuate between 1,615 and 1,635 points amid hopes of a Thai economic recovery after mass vaccination launched nationwide.

The index also gained positive sentiment from expectations that the US Federal Reserve will not raise the interest rate at its June 15-16 meeting despite inflation worries after the US Consumer Price Index rose in May.

“The index, however, will be under pressure due to volatility in foreign fund flows and signs of overbought stocks,” Krungsri Securities said.

The 10 stocks with the highest trade value today were AOT, RCL, BANPU, TIDLOR, KBANK, GUNKUL, TTA, HANA, KCE and CPF.

Other Asian indices were mixed:

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Japan’s Nikkei Index closed at 28,948.73, down 9.83 points or 0.034 per cent.

China’s Shanghai SE Composite Index closed at 3,589.75, down 21.11 points or 0.58 per cent, while the Shenzhen SE Component Index closed at 14,801.24, down 92.35 points or 0.62 per cent.

Hong Kong’s Hang Seng Index closed at 28,842.13, up 103.25 points or 0.36 per cent.

South Korea’s KOSPI closed at 3,249.32, up 24.68 points or 0.77 per cent.

Taiwan’s TAIEX closed at 17,213.52, up 54.30 points or 0.32 per cent.

Published : June 11, 2021

By : The Nation

Volatile foreign funds likely to temper positive sentiment in Thai bourse #SootinClaimon.Com

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https://www.nationthailand.com/business/40001915

Volatile foreign funds likely to temper positive sentiment in Thai bourse


The Stock Exchange of Thailand (SET) Index rose by 7.06 points, or 0.43 per cent, to 1,632.33 on Friday morning. The volume of total transactions was THB14.42 billion with an index high of 1,635.22 and a low of 1,631.17.

Volatile foreign funds likely to temper positive sentiment in Thai bourse

The SET Index had closed at 1,625.27 on Thursday, down a point or 0.06 per cent. Transactions totalled THB105.96 billion with an index high of 1,636.22 and a low of 1,623.57.

Krungsri Securities predicted that the SET Index on Friday would fluctuate between 1,615 and 1,635 points amid hopes of a Thai economic revival after the mass vaccination drive took off nationwide.

The index also gained positive sentiment from wide expectations that the US Federal Reserve would not raise its interest rate during the meeting on June 15-16 despite the rise in the country’s Consumer Price Index in May.

“The index, however, would be under pressure due to the volatility in foreign funds flow and signs of overbought stocks,” Krungsri Securities said.

It recommended that investors buy:

▪︎ PTT, PTTEP, PTTGC, TOP, IVL, BANPU, PSL and TTA, which benefit from a global economic recovery.

▪︎ BCH, CHG, BDMS, MINT, CENTEL, ERW, AOT, CPALL, HMPRO, CPN, CRC, AAV, AMATA and WHA, which would benefit from the country’s reopening.

▪︎ KCE, IRPC, STA and STGT, expected to be listed on the SET50 Index in mid-June.

▪︎ AAV, BLA, ICHI, PSL, PTL, SINGER, STARK, STGT and SYNEX, expected to be listed on the SET100 Index in mid-June.

Published : June 11, 2021

By : The Nation

Gold soars by THB200 as Fed expected to maintain interest rate #SootinClaimon.Com

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https://www.nationthailand.com/business/40001913

Gold soars by THB200 as Fed expected to maintain interest rate


The price of gold in Thailand surged by THB200 per baht weight in morning trade on Friday, amid expectations that the US Federal Reserve would not raise its policy interest rate despite rise in inflation.

Gold soars by THB200 as Fed expected to maintain interest rate

The Gold Traders Association report at 9.24am showed the buying price of a gold bar at THB27,850 per baht weight and selling price at THB27,950, while gold ornaments were priced at THB27,348.64 and THB28,450, respectively.

At close on Thursday, the buying price of a gold bar was THB27,650 per baht weight and selling price THB27,750, while gold ornaments were priced at THB27,151.56 and THB28,250, respectively.

Spot gold price on Friday was US$1,900 (THB59,085) per ounce compared to Thursday when it rose by 90 cents to $1,896.4 per ounce.

Hong Kong gold price on Friday rose by HK$170 to $17,570 (THB70,432) per tael, the Chinese Gold and Silver Exchange Society reported.

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Published : June 11, 2021

By : The Nation