#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007865

In today’s world, start-ups are playing such a major role both internationally and domestically that they could change the very face of the global economy.

These new ventures support the IT business, which has rapidly expanded and generated a large amount of income. Google, Facebook and Youtube, for instance, began life as start-up businesses in the US.

However, not many start-up companies have seen sustained growth: as many as 90 per cent have failed to survive in the first three years.

Start-ups have the potential to reach the “unicorn” level, where they can be valued at more than US$1 billion (THB33 billion).

Despite the Covid-19 pandemic, many businesses both inside and outside the country have soared to become unicorns.

Related news:

• Thailand Startup In Post Covid Era 2022
• Startup : Business model that changes the world
• How Thai startups can “survive” and become “successful”

Here is a list of the top 10 most influential unicorn start-ups in 2021:

Published : October 23, 2021

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007843

Total spending through the government’s “Khon La Khrueng” (Let’s Go Halves) co-shopping subsidy scheme came in at 105.44 billion baht via 25.32 million members as of October 21, the Finance Ministry said on Friday.

This is the third phase of the scheme.

Under the scheme, members can buy food, beverage and basic necessities at half the price when paying through the Pao Tang application at participating shops. The total subsidy is capped at 3,000 baht per person, who can spend up to 150 baht per day.

“Of the total spending via Khon La Khrueng, 53.58 billion came from registrants and 51.85 billion was covered by the government,” Finance Ministry spokesman Pornchai Theerawet, who is also Fiscal Policy Office director, said.

‘Let’s Go Halves’ phase 3 spending exceeds THB100 billion

“The scheme will run until December 31, and people can register at www.คนละครึ่ง.com between 6am and 10pm daily until the 28 million limit for registrants is reached.”

Meanwhile, the other shopping stimulus scheme, “Ying Chai Ying Dai” (Spend More, Get More) recorded total spending of Bt2.7 billion through 479,293 participants as of October 21.

Under this scheme, eligible registrants are granted an e-voucher of up to 7,000 baht that can be used via the Pao Tang application at participating shops. People can sign up for this scheme at www.ยิ่งใช้ยิ่งได้.com between 6am and 10pm every day until the 1 million registrants limit is reached.

This campaign will also run until the end of December.

Related Stories

Third phase of shopping subsidy scheme to cover 16 million people

Cabinet okays another round of ‘Let’s Go Halves’ scheme

Shopping stimulus scheme hit by low registrations on first day

Published : October 22, 2021

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007836

Ministry of Agriculture and Cooperatives is planning to connect the Northern railway with China’s Yuxi–Mohan railway to expand trade routes to China, Asia and Europe.

“We are working to connect the northern train route at Chiangkhong Customs Checkpoint in Chiang Rai province with the Yuxi–Mohan railway, also known as the Yumo railway,” Alongkorn Polabutr, adviser to the agriculture minister on Thursday. “The project will open up new trade routes in several regions including all provinces of China, East and Central Asia, the Middle East, Russia and Europe.”

The Yumo railway is a railway under construction in Yunnan Province of southwest China. The line is slated to run 503.9 km. from Yuxi in central Yunnan to Mohan, a town in Mengla County on the border with Laos in the Xishuangbanna Dai Autonomous Prefecture of southern Yunnan. Once connected to the railway to be built in Laos, the Yumo railway would become part of the Kunming-Singapore railway and carry traffic across the Greater Mekong Subregion.

The ministry also planned to use the Khorgos Gateway Dryport in Kazakhstan as a distribution hub for agricultural and food products from Thailand, as well as implementing low-cost air cargo system at international airports in Northern provinces to distribute Thai products to global markets. 

“The railway connection project, along with the Northern Thailand Food Valley programme, are part of the initiative to promote agriculture, industry and export in the Northern region given by Minister of Agriculture and Cooperatives Chalermchai Sri-on,” added Alongkorn.

Related Stories

Trains to arrive next month for trial run of Laos-China railway

Construction progress of China-Laos Railway on schedule despite pandemic.

PM confirms Laos-China railway to open on December 2

Published : October 22, 2021

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007816

The Stock Exchange of Thailand (SET) Index closed at 1,643.42 on Thursday, up 5.87 points or 0.36 per cent. Transactions totalled 71 billion baht with an index high of 1,646.50 and a low of 1,639.16

The index gained for the second day running after rising by 7.16 points or 0.44 per cent on Wednesday.

In the morning session, Krungsri Securities forecast the SET Index on Thursday would fluctuate between 1,630 and 1,650 points.

It explained that the index gained positive sentiment from rising crude price of above US$83 per barrel, plus speculations in stocks whose third-quarter performance is expected to improve.

However, it advised investors to beware of institutions’ mass sell-offs of shares to adjust their portfolio and escape risks during three day holidays as it would pressure the index.

The 10 stocks with the highest trade value today were KBANK, BBL, PTT, BANPU, SPALI, SCB, LH, PTTEP, AOT and SCC.

Related stories:

• Baht expected to drift sideways due to Thai stocks, gold price
• Thai gold price rises amid US inflation
• SET expected to fluctuate amid mixed sentiment

Other Asian indices were mixed:
Japan’s Nikkei Index closed at 28,708.58, down 546.97 points or 1.87 per cent.
China’s Shanghai SE Composite closed at 3,594.78, up 7.78 points or 0.22 per cent, while the Shenzhen SE Component closed at 14,444.86, down 7.39 points or 0.051 per cent.
Hong Kong’s Hang Seng Index closed at 26,017.53, down 118.49 points or 0.45 per cent.
South Korea’s KOSPI Index closed at 3,007.33, down 5.80 points or 0.19 per cent.
Taiwan’s TAIEX Index closed at 16,889.51, up 1.69 points or 0.010 per cent.

Published : October 21, 2021

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007802

The price of gold rose by THB150 in morning trade on Thursday.

A9.25am report from the Gold Traders Association showed the buying price of gold bar at THB28,150 per baht weight and selling price at THB28,250, while the buying and selling price of gold ornaments is THB27,636.68 and THB28,750, respectively.

At close on Wednesday, the buying price of gold bar was THB28,000 per baht weight and selling price THB28,100, while gold ornaments were THB27,500.24 and THB28,600, respectively.

The spot gold price on Thursday morning was hovering around US$1,788 (THB59,665) per ounce after Comex gold at close on Wednesday rose by $14.4 to $1,784.9 per ounce due to support from the appreciation of the US dollar and buying gold as a safe-haven asset amid concerns about US inflation.

Related news:

• SET expected to fluctuate amid mixed sentiment
• Baht expected to drift sideways due to Thai stocks, gold price
• New Bitcoin ETF creates more options for crypto leverage

The price of gold in Hong Kong, meanwhile, surged by HK$70 to $16,540 (THB70,999) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : October 21, 2021

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007798

The baht opened at 33.35 to the US dollar on Thursday, unchanged from Wednesday’s closing rate.

The Thai currency is likely to move between 33.25 and 33.45 during the day, Krungthai Bank market strategist Poon Panichpibool predicted.

Poon predicted that the baht would drift sideways. A factor that will cause the baht to strengthen is that the market is in a risk-on state which will also cause the dollar to weaken. Gold selling will also cause the baht to strengthen if the price goes up nearly 1,800 dollars per ounce.

However, foreign investment especially stocks might cause the baht to fluctuate. The baht will weaken if investors sell Thai stocks. In contrast, the baht will strengthen if investors buy Thai stocks. 

Foreign investors are trading stocks this week until basic economy factors are clearly better and companies financial results were better than expected which analysts will decrease the valuation of Thai stocks because they are currently expensive.

The key resistance level for the baht would be from 33.50 to 33.60 to the dollar, which is the level at which exporters might sell the US currency.

Related News

Baht fluctuates in line with gold price as investors offload some stocks

Baht strengthens on back of weaker dollar

Baht weakens as foreign investors wary of domestic risk factors

The baht’s key support level would be from 33.10 to 33.20, the level some importers are waiting for so they can buy dollars, he added.

The market is in a risk-on state because companies financial results were better than expected. Investors were also not worried about inflation while the US Federal Reserve officials speculated that the inflation will be high only temporary. Most Fed officials revealed that Fed might use more tight monetary policies if the inflation is at a high level longer than expected in 2022.

Moreover, an alternative asset such as bitcoin hit a new all-time high, which reflects the risk-on state of the market.

Published : October 21, 2021

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007796

Krungsri Securities forecast the Stock Exchange of Thailand (SET) Index on Thursday would fluctuate between 1,630 and 1,650 points.

It explained that the index gained positive sentiment from rising crude price of above US$83 per barrel and speculation in stocks whose third-quarter performance is expected to improve.

However, it advised investors to beware of institutions’ mass sell-offs of shares to adjust their portfolio and escape risks during three day holidays as it would pressure the index.

It also recommended buying of the following companies’ shares as an investment strategy:

▪︎ PTT, PTTEP, TOP, PTTGC, SPRC and BCP, which benefit from rising oil price and gross refining margin.

▪︎ BANPU, LANNA, GULF, CHG, BCH, BDMS, KCE, PSL and TTA, whose third-quarter profit is expected to grow.

Published : October 21, 2021

By : THE NATION