Gulf donates 6,000 KN95 masks to Naval Medical Department #ศาสตร์เกษตรดินปุ๋ย

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https://www.nationthailand.com/business/30388620?utm_source=category&utm_medium=internal_referral

Gulf donates 6,000 KN95 masks to Naval Medical Department

May 27. 2020
By The Nation

Gulf Energy Development Plc has donated 6,000 KN95 medical masks to the Naval Medical Department, to support medics in their long-term battle against the Covid-19 outbreak.

The move follows Gulf’s recent donations of KN95 masks to King Chulalongkorn Memorial Hospital and Phramongkutklao Hospital.

The latest donation was made by Gulf representatives Boonchai Thirati (third left), executive director; Boonchai Jeamjitjaroong (second left), head of communications; and Yanisa Wattanakumnuan (far left), vice president for Community Relations. Receiving the KN95 masks on behalf of the Naval Medical Department were Admiral Chatchai Srivorakan (fourth left), assistant Commander-in-Chief, Royal Thai Navy; and Vice Admiral Wichai Manassiriwittaya (fifth left), director of the Naval Medical Department.

Zyxel’s multi-gigabit switch promises flexible network speeds, full use of Wi-Fi 6 potential #ศาสตร์เกษตรดินปุ๋ย

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https://www.nationthailand.com/business/30388612?utm_source=category&utm_medium=internal_referral

Zyxel’s multi-gigabit switch promises flexible network speeds, full use of Wi-Fi 6 potential

May 27. 2020
By The Nation

Zyxel Networks, a leader in delivering secure, AI and cloud-powered home and business solutions, on Wednesday (May 27) launched the new XS1930 series 10/12-port multi-gigabit smart managed switch, designed to help small and medium businesses (SMBs) achieve greater network flexibility and take full advantage of the latest Wi-Fi 6 technology.

Although the roll-out of the new Wi-Fi 6 standard boasts a lot of benefits for businesses, including faster speeds and better connectivity, it also puts a greater strain on existing bandwidth capabilities. “Multi-gigabit network switches are key to delivering a reliable network backbone to help companies unlock the full potential of Wi-Fi 6 when they’re ready for the upgrade,” the company said.

“Most gigabit switches typically only provide either 1G or 10G link speeds, limiting flexibility when looking to add 2.5G or 5G devices for new applications,” the company said.

Zyxel said its latest multi-gigabit switch, the XS1930 Series, supports variable speeds — from 100M, 1G, 2.5G, 5G to 10G — to best suit the applications and devices that require various network speeds in SMB offices.

“When upgrading to the XS1930, businesses can use their existing cables to best utilise the previous network investment and also be well prepared for future network expansion,” Zyxel said.

“The XS1930 series features the industry’s first five-colour LED design, which flashes one colour per speed to help network administrators easily identify the actual network performance. This makes it easier to recognise port speed by colours, with the maintenance indicators much more intuitive and user-friendly,” Zyxel said.

The growing adoption of mobile, Internet of Things and Wi-Fi 6 devices and their diversified applications have also raised the bars of power requirements on the network backbone.

“The XS1930-12HP supports the latest IEEE 802.3bt (PoE++) standard, with a large power budget of up to 375W to accommodate the high-power requirement needed by most Wi-Fi 6 devices, Zyxel said.

“SMBs now face an increasing demand of wireless bandwidth for daily operations, and the migration to Wi-Fi 6 further accelerates this trend. Upgrading to a better performing Wi-Fi network without compromising the solid backbone services can be challenging, and our new multi-gigabit switches are designed to bring the network performance you need with investment protected,” said Crowley Wu, vice president of Zyxel Networks’ Networking SBU.

With the high bandwidth and large power budget that the XS1930 switch offers, it can operate at 28-50 dBA – which is almost silent, making it ideal for small offices, boutique hotels, hostels or public-facing businesses, Xyxel said.

The XS1930 series includes two models — the XS1930-10 with eight multi-gig ports and two fiber uplinks, and the XS1930-12HP with eight multi-gig PoE ports, two multi-gig ports and two fiber uplinks.

THAI case accepted by bankruptcy court #ศาสตร์เกษตรดินปุ๋ย

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https://www.nationthailand.com/business/30388608?utm_source=category&utm_medium=internal_referral

THAI case accepted by bankruptcy court

May 27. 2020
By The Nation

Thai Airways International’s request for restructuring under the bankruptcy law was accepted by the Central Bankruptcy Court on Wednesday (May 27).

The court ordered the ailing carrier to announce the filing twice in at least one national newspaper, no more than seven days apart.

Copies of the documents submitted by THAI to the court must also be sent to creditors, registrars of shareholders, the Legal Execution Department, the Securities and Exchange Commission and the Stock Exchange of Thailand, according to Section 90/9 of the Bankruptcy Act BE2483 (1940).

The first hearing will be held on August 17 at 9am, said the court.

It added that creditors of the airline who disagreed with the restructuring process should file a letter of opposition at least three days before the first hearing begins.

THAI has outstanding debts of about Bt245 billion.

Investors hold off on setting up new companies in current situation #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30388619?utm_source=category&utm_medium=internal_referral

Investors hold off on setting up new companies in current situation

May 27. 2020
By THE NATION
The month of April only saw 3,996 companies being registered, marking a 34 per cent drop month on month and 33 per cent drop year on year, the Department of Business Development’s director general Vuttikrai Leewiraphan said.

The department has reportedly attributed this decline to the Covid-19 fallout, which is forcing investors to wait until the situation improves.

The top three newly registered businesses in April were construction, property and management consultation.

Meanwhile, April also saw 817 companies dissolved, down 14 per cent from March and 17 per cent from the same period last year. The top three dissolved businesses were construction, real estate and restaurants.

Between January and April, 23,411 new companies were registered, with a total capital of Bt80.142 billion, down 12 per cent from the same period last year, while the number of dissolved companies was 3,986 with a total capital of Bt18.24 billion, down 7 per cent.

News of third phase of easing measures buoys SET #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30388613?utm_source=category&utm_medium=internal_referral

News of third phase of easing measures buoys SET

May 27. 2020
By The Nation

The Stock Exchange of Thailand (SET) Index closed 9.02 points or 0.68 higher at 1,345.11 today (May 27). The volume of total transactions was s Bt78.673 billion with an index high of 1,345.53 and a low of 1,328.07.

A stock analyst at Krungsri Securities expects the index to rise to 1,345 points over hope for an economic recovery after several countries have been easing lockdown measures.

The price of crude oil also rose after several countries launched stimulus measures to deal with the Covid-19 impact.

“Investors expect the government to announce a third phase of easing restrictions by the end of this week,” the analyst said.

However, he added, the index will come under pressure from tension between US and China in relation to the mainland enforcing a new national security law in Hong Kong as well as a tight SET valuation.

The top 10 stocks with the highest trade value today were AOT, CPF, STA, MINT, KBANK, CBG, BAM, TRUE, CPALL and SCB.

As of 4.30pm, the price of crude oil dropped by US$0.25 or 0.73 per cent to $34.10 per barrel, while gold dropped by $9.90 or 0.58 per cent, to $1,695.70 per ounce.

The US indices were on the rise, while European and Asian indices had a mixed day:

Japan’s Nikkei Index closed at 21,419.23, up 148.06 points, or 0.70 per cent.

China’s Shanghai SE Composite Index closed at 2,836.80, down 9.74 points, or 0.34 per cent, while Shenzhen SE Component Index closed at 10,682.70, down 132.73 points, or 1.23 per cent.

Hong Kong’s Hang Seng Index closed at 23,301.36, down 83.30 points, or 0.36 per cent.

South Korea’s KOSPI Index closed at 2,031.20, up 1.42 points, or 0.070 per cent.

Taiwan’s TAIEX Index closed at 11,014.66, up 17.45 points, or 0.16 per cent.

Bank shares rise as investors make most of drop in value #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30388602?utm_source=category&utm_medium=internal_referral

Bank shares rise as investors make most of drop in value

May 27. 2020
By The Nation

The share price of banks rose on Wednesday (May 27) now that investors have started buying again, Nuttachart Mekmasin, assistant managing director research at Trinity Securities, said.

In morning trade at the Stock Exchange of Thailand (SET), the price of TMB shares rose by 3.74 per cent or Bt0.04 to Bt1.11 per share; Bangkok Bank (BBL) rose by 2.54 per cent or Bt2.50 to Bt101, Kiatnakin Bank (KKP) rose by 2.42 per cent or Bt1 to Bt42.25, and Bank of Ayudhya (BAY) rose by 2.31 per cent or Bt0.50 to Bt22.10.

Nuttachart said investors have started buying stocks in banks because the price has dropped by 37 per cent, followed by property stocks, which have dropped by 19 per cent.

“We advise investors to buy bank stocks because the price is cheap and its price-to-book-value ratio is 0.45 times,” he said.

He specifically recommended investors to buy BBL stocks as the company can reserve debt of up to 200 per cent and most of its customers are large companies.

“Many companies are borrowing from banks as they are finding it difficult to raise funds in the bond market,” he added. “We expect BBL stocks in the next 12 months to rise to Bt158 per share.”

Gold loses glitter as stock markets rise #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30388586?utm_source=category&utm_medium=internal_referral

Gold loses glitter as stock markets rise

May 27. 2020
By The Nation

The price of gold dropped sharply by Bt150 per baht weight in morning trade on Wednesday (May 27), the Gold Traders Association reported.

As of 9.22am, buying price of gold bar was Bt25,700 per baht weight and selling price Bt25,900, while gold ornaments were priced at Bt25,241.40 and Bt26,400, respectively.

The Gold Spot Index price on Wednesday morning moved to around US$1,712 (Bt54,559) per ounce after the price dropped sharply by $29.9 to $1,705.6 per ounce at close on Tuesday.

Investors were selling gold as safe haven asset after the global stock indices rose in response to progress in the development of a Covid-19 vaccine and several countries easing their lockdown measures.

Meanwhile, the Hong Kong gold price dropped by HK$130 to $15,830 (Bt65,073) per tael.

Thai stocks buoyant amid hopes of further easing of lockdown #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30388585?utm_source=category&utm_medium=internal_referral

Thai stocks buoyant amid hopes of further easing of lockdown

May 27. 2020
By The Nation

The Stock Exchange of Thailand (SET) Index opened at 1,341.34, up 5.25 points, or 0.39 per cent, on Wednesday morning (May 27).

A stock analyst at Krungsri Securities expected the index to rise to 1,345 points before falling on hopes of an economic recovery after several countries eased lockdown measures.

Meanwhile, the price of crude oil increased after several countries issued economic stimulus measures to deal with the Covid-19 impact.

“Investors expect the Thai government to announce the third phase of lockdown easing within the end of this week,” the analyst said.

However, the index would be under pressure from tensions between US and China on enforcing a new national security law in Hong Kong as well as the tight SET valuation.

He recommended investors buy:

● Energy stocks which will benefit from rising crude oil price, such as PTT, PTTEP, TOP, PTTGC, IRPC and SPRC.

● Stocks which will benefit from the third phase of lockdown easing, such as MAJOR and SPA.

● Stocks which have been added to the MSCI calculation – AWC, BAM and KTC.

U.S. new-home sales unexpectedly rose in April to 623,000 rate #ศาสตร์เกษตรดินปุ๋ย

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https://www.nationthailand.com/property/30388563?utm_source=category&utm_medium=internal_referral

U.S. new-home sales unexpectedly rose in April to 623,000 rate

May 27. 2020
A contractor stands on lumber scaffolding while working on a home under construction in the Norton Commons subdivision in Louisville, Ky.., on March 23, 2020. MUST CREDIT: Bloomberg photo by Luke Sharrett.

A contractor stands on lumber scaffolding while working on a home under construction in the Norton Commons subdivision in Louisville, Ky.., on March 23, 2020. MUST CREDIT: Bloomberg photo by Luke Sharrett.
By Syndication Washington Post, Bloomberg · Prashant Gopal · BUSINESS, US-GLOBAL-MARKETS 

New-home sales in the U.S. unexpectedly increased in April after swooning a month earlier, suggesting the housing market is starting to stabilize.

Purchases of single-family houses climbed 0.6% from March to a 623,000 annualized pace, government data showed Tuesday. The median forecast in a Bloomberg survey of economists called for a drop to a 480,000 rate of sales. The median sale price fell 8.6% from a year earlier to $309,900.

Even with the gain, sales are unlikely to rebound to pre-coronavirus levels, said Alex Barron, an analyst with the Housing Research Center in El Paso, Texas.

“We’re still trying to understand what is the new normal,” Barron said. “Is it sales down 20% from the 2019 level or down 40%?”

Mortgage rates near all-time lows may be starting to put a floor under the housing market, helping explain a recent increase in builder sentiment. At the same time, soaring unemployment and tighter credit standards may limit the strength of the recovery in housing.

Three of four U.S. regions showed stronger home sales in April than a month earlier, reflecting 2.4% gains in the South and Midwest, the Commerce Department’s report showed. Purchases climbed 8.7% in the Northeast and dropped 6.3% in the West.

The government’s data measure signed contracts to buy homes.

CP to help sell SME products through 7-Eleven stores and online #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30388580?utm_source=category&utm_medium=internal_referral

CP to help sell SME products through 7-Eleven stores and online

May 27. 2020
By THE NATION

SMEs will be able to sell their products in 7-Eleven stores nationwide under an agreement between Small and Medium Enterprises Development Bank (SME D Bank) and CP All Plc, operator of the convenience store chain.

The SMEs can also tap the online channel at [www.ShopAt24.com], the bank’s managing director, Natnaree Ratthapat, said.

“The retail channels will include selected 7-Eleven stores nationwide, website [www.ShopAt24.com] — which has over 5 million visitors per month — and home shopping via the 24 Catalog magazine,” she added.

“The products will range from cosmetics, healthcare, personal care and food items. We will focus on promoting products that have suitable certifications to ensure the customers’ confidence in quality and safety, such as the FDA approval, GMP and Halal certificates.”

Interested SME operators can contact SME D Bank or call centre 1357 from May 27 until June 12.

Meanwhile, Suwit Kingkaew, senior vice president of sustainable development at CP All, said that the company was looking forward to helping SME operators during the Covid-19 crisis by selling their products and providing advice on product development to increase sales.

“In the past, the company has placed more than 20,000 products manufactured by SMEs in 7-Eleven shops, which helped more than 50,000 operators and farmers,” he said. “We expect that this programme will further help create sustainable growth among Thai SMEs and help the economy recover from the Covid-19 crisis as quickly as possible.”