Krungsri expects the MPC to hold interest rates at 2.50% until the end of 2024.


Bangkok, Krungsri Global Markets Indicates that the value of the baht has moved slightly to 36.70 baht/US dollar after the MPC maintained interest rates. It is expected that the MPC will hold interest rates at 2.50% until the end of 2024.

Global Markets Group Bank of Ayudhya Public Company Limited revealed that after the committee Monetary Policy (MPC) by the Bank of Thailand (BoT) voted 6 to 1 to maintain the policy interest rate at 2.50% per year. It was found that after the announcement of maintaining the interest rate The baht moved slightly to 36.70 baht per US dollar. Overall this year, the value of the baht has weakened by 7.3%, which the MPC stated that the baht has weakened relative to the dollar. This is a result of expectations about the Fed’s monetary policy outlook. and domestic factors

The next meeting of the Monetary Policy Committee will take place on August 21, 2024. From the attitude of this meeting, A majority of the Committee viewed that the current level of the policy interest rate was
consistent with economic growth and inflation trends. including long-term economic and financial stability Meanwhile, we will keep a close eye on the recovery of the export sector and various government measures, reinforcing the implementation of monetary policy in an Outlook Dependent manner, which supports Krungsri’s view. Global Markets said the MPC will hold the policy interest rate at 2.50% for the rest of this year. If various trends do not change significantly.

Source: Thai News Agency

TCG responds to government measures with a guarantee limit of 50,000 million baht to support SMEs.


Bangkok, TCG responds to government measures. Moving forward with the PGS Guarantee Project, Phase 11, with a credit limit of 50,000 million baht, supporting vulnerable groups – BCG is confident in helping more than 77,000 entrepreneurs get loans, ready to launch a campaign to waive credit guarantee processing fees at the Thai SME Empowerment Expo, 19-23 June. This is

Mr.

Sittikorn Direksuntorn, Director and General Manager . The Small Industry Credit Guarantee Corporation (TCG) revealed that the Cabinet meeting on June 11, 2024 resolved to approve the PGS Credit Guarantee Project, Phase 11 (TCG Sustainable SMEs), with a credit limit of 50,000 million baht. Guarantee fees Average not more than 1.75% per year throughout the project. Free initial fee for the first 2 years (government support) to help SMEs gain easier access to capital, confident in helping more than 77,000 SMEs get loans, stimulating the economy through a loan guarantee mechanism. Reduce financial risk and access loans in the system Accordin
g to government policy, add funds to SMEs for sustainability under this project.

Aiming at 4 main target groups: 1. Vulnerable groups 2. Environmentally friendly business group (BCG), 3. New entrepreneur group/New Gen (NEW GEN), and 4. IGNITE THAILAND group covering legal entities. and individuals and small groups (Micro SMEs) who lack collateral or insufficient collateral. This project aims to increase liquidity. and reduce financial costs It is expected to stimulate the overall economy and create more than 60,000 million baht in loans, generate more than 200,000 million baht in economic benefits, and create more than 300,000 jobs. After this, TCG will expedite the signing of the memorandum. Cooperation agreement between TCG and partner financial institutions to continue accepting applications for loan guarantees

Recently, TCG has prepared a campaign for SME entrepreneurs at the Thai SME Power Expo organized by the Ministry of Commerce. Between 19-23 June 2024 at Queen Sirikit National Convention Center. E
xcept for the guarantee processing fee Loan Guarantee Project For each financial institution, Phase 7 is for the first 200 SMEs attending the event who submit a guarantee request by September 30, 2024, along with providing financial advice. Invest in a franchise Special rate loan guarantee Preparing for loan applications throughout the event. In addition, TCG has increased convenience for SME entrepreneurs to come in and check their financial health. Ready to book an appointment to receive free financial consultation! At LINE OA TCG First: @tcgfirst or call for more details at TCG Call Center Tel. 02-890-9999.

Source: Thai News Agency

OIC opens license issuance system ‘Agent-Broker-Casualty Assessor’ through E-Licensing


Bangkok, The OIC opens the licensing system. ‘Agent-Broker-Casualty Assessor’ through E-Licensing

The Office of the OIC recognizes the importance of changes in the modern world with behavioral changes in daily life. By applying technology to be able to work anywhere, anytime and on any device. In order to increase efficiency in the agent licensing service system. insurance broker and casualty assessors, the OIC has developed a platform Insurance agent/broker licensing service system and casualty assessors electronically (E-Licensing) fully integrated by applying technology to be able to link together the OIC Office’s database system related to insurance intermediaries, such as training information, examination information, financial systems, and linking with the base system. Other external government data such as population registration data with the Department of Provincial Administration Legal entity registration information with the Department of Business Development To reduce steps and increase flexibil
ity and accuracy in the work process between departments.

E-Licensing is the development of work processes. Since providing information Applying for a license Requesting license renewal The delivery of information as required by the Office of the OIC is expeditious. Including paying fees with more convenience The objective is to support the modification of the process related to the licensing of insurance intermediaries. And it facilitates insurance intermediaries to submit applications and/or documents in electronic form. The E-Licensing system can provide services through web applications and mobile applications. Chan (Mobile Application)

In addition, the general public can access information of insurance intermediaries that have been licensed by the registrar in a complete, accurate, and convenient manner. You can check the information of the insurance middleman through the website by yourself, such as the license information of the insurance middleman. License status Name of the seller’s agency, etc.

A
t present, the OIC Office has activated the E-Licensing system. From January 2, 2024, in terms of methods of use and channels of use through the said E-Licensing system, insurance intermediaries Insurance companies and the public can study additional details from the user manual and video clips introducing various uses, as well as public relations documents. At the OIC Office website (www.oic.or.th), OIC Office Facebook (oicthailand), Mobile Application (OIC middleman For Sure), Line Official (@oicconnect) and OIC hotline 1186.

Source: Thai News Agency

BoT orders UOB to expedite resolution of customer data transfer problem from Citibank


Bangkok, The BoT orders UOB to expedite solutions to the problem of transferring customer data from Citibank, canceling the payment apportionment system. By the end of June, contact center employees will be added.

Miss Suwanee Jesadasak, Assistant Governor Financial Institution Supervision Line The Bank of Thailand (BOT) revealed that the BoT has instructed UOB to closely follow up on progress in resolving problems that arose after the data transfer from Citibank and urged UOB to expedite. Solve problems that occur Both in terms of providing contact center services that are difficult to contact. Problems from using the UOB TMRW App and problems from the automatic payment allocation system of UOB Bank. The bank has hastened to correct this by canceling the payment apportionment system. By the end of June, customers will be able to choose to pay the balance on each card according to their needs. As for the interest incurred from this problem, the bank will waive it for customers. Customers therefore do not ne
ed to take any action. UOB has already started communicating the cancellation of the said system on the bank’s social media platform. and will gradually send direct messages to customers via SMS.

As for the case of the UOB contact center that is difficult to contact, The bank has greatly increased the number of employees. To answer questions and recommend solutions to problems for customers through various channels, the BoT holds weekly meetings to follow up on progress with the bank.

However, if customers still encounter problems, they can file a complaint through the UOB contact center. Or make a complaint through the BoT at number 1213.

Source: Thai News Agency

The MPC is expected to maintain interest rates at 2.50% today with a non-unanimous vote.


Bangkok, The MPC is expected to maintain the interest rate at 2.50% today with a non-unanimous vote. Analysts point out that even if interest rates are cut, it will not hurt the economy. Because the main problem arises from the structure of the Thai economy. Chinese products hit the market Factories gradually closed

Mr. Poon Panitchpibun, money market strategist, Krungthai GLOBAL MARKETS, Krung Thai Bank, revealed that the baht opened this morning at 36.72 baht/dollar, slightly stronger from closing the previous day at 36.75 baht/dollar last night. The baht moved sideways in line with the directionless movement of the US dollar. Including the price of gold Because market players are waiting to learn more new factors. Especially the US inflation rate. And the results of the Federal Reserve (Fed) meeting are expected to be at the level of 36.60-36.80 baht/dollar in the period before the market gradually receives important US data reports. and the results of the Fed’s FOMC meeting

As for domestic factors, tod
ay the market will wait to see the results of the Monetary Policy Committee (MPC) meeting, with the view that the MPC will maintain interest rates at 2.50% with a unanimous 5-2 vote and that the market will Pay attention to your perspective. MPC on economic outlook (Will there be further adjustments to economic forecasts?) and signaling the outlook for monetary policy. In addition to the above factors Political issues, such as the consideration of the dissolution of the Progressive Party It is another factor that the market is keeping an eye on as well.

‘If the MPC signals readiness to reduce interest rates or surprise the market By reducing interest rates (Seeing that the chance of this happening is very low), it may not be difficult to pressure the fluctuating baht to depreciate,’ Mr. Poon said.

Mr. Thawatchai Assawapornchai, Deputy Managing Director Securities Analysis Department of ASL Securities stated that most markets expect that both the Fed and the MPC will cut interest rates only once this year. I
n the second half of the year, the MPC will not reduce interest rates today. which is an overview of the board’s consideration The MPC will look at inflation. Maintaining stability of the baht Not depreciating too much Including the Thai economy expanding below its potential. Which at the moment is a structural problem. income inequality Relocation of various factories leaving Thailand, import-export, and products from China entering the market. By this issue If interest rates are reduced, it is not a direct solution to the problem. Overall, the stock market declined apart from foreign economic problems. Political problems There is also the effect of economic signals that miss the target. This year it is still expected that Thai GDP will expand by 2.6 percent.

Source: Thai News Agency

SET organizes SET in the City 2024 on 15-16 June 2024.


Bangkok, SET organizes SET in the City 2024, packed with financial and investment knowledge from experienced gurus, 50 seminars and workshops. Upgrade your investment skills 15-16 June at Samyan Mitrtown.

The Stock Exchange of Thailand (SET) organized the event SET in the City 2024 ‘Find opportunities in the stock market. Build your investment portfolio to grow,’ a comprehensive investment event of the year. Suitable for both beginners and professionals. Meet 50 seminars, investment workshops. In-depth and to the point, listen to perspectives from 50 leading speakers as well as 50 booths from brokers, asset management companies and experts who will come to provide investment services.

Saturday, June 15th, invite newbies to learn before investing with a seminar on the topic ‘Money Mindset: Prepare before investing’ by Omsiri Weerakul and Ken, Money Buffalo page and Session for newbies by aom money 2, topic ‘Breaking the wall of thinking Conquer a Million’ and ‘Create a Growth Mindset: What kind of investmen
ts should you make to make your portfolio grow?’ In addition, learn ‘Passive Income: Investing to create parallel income’ with Mayuree Chovikrant, Yuanta Securities (Thailand), etc.

Sunday, June 16, invites beginners and professionals to learn how to invest in Thai stocks, foreign stocks, and TFEX, along with organizing portfolios to diversify risk. with a seminar topic ‘Looking at the opportunities of the Thai stock market’ by Pichet Sithi-Amnuay, President of the Thai Securities Companies Association and Paiboon Nalintarangkun, President of the Investment Analysts Association, and a special session by ‘Thuntun Man’ ‘Thai Top Theme: Focusing on Thai stocks, which groups go Continued’ by Sianmi Tiwa, Mr. Bom Sorraphol, Kasikorn Securities, along with Fund Managers and top securities analysts. There is also a topic: ‘Create opportunities to make profits in foreign stocks’ and the topic ‘Organize your portfolio, create profits, and diversify risk.’ gold’ etc.

Throughout the 2 days, investors also encountered
the Showcase stage, demonstrating trading tools, along with a workshop on tools for trading, including trading in TFEX – gold – tools to help select stocks. online investing app Including the launch of the AomWise application for saving and investing for the new generation along with demonstrations for trial use at the event. Open the concept of creating a portfolio Ready to receive investment advice and planning at the booth from securities companies, mutual funds and the stock exchange group. The event will be held on 15-16 June 2024 from 10:00 a.m. – 7:00 p.m. at Samyan Mitrtown Hall, 5th floor, Samyan Mitrtown. Register in advance and receive it for free! #investnow bag at www.setinvestnow.com/setinthecity

While DBS Vickers Securities (Thailand) Co., Ltd. or DBSV attended the SET in the city 2024 event on 15-16 June 2024 at Samyan Mitrtown Hall, 5th floor, by Mr. Wichanon Wongchaikhanakorn, Senior Director of the Digital Business Department, said that at the SET in the city 2024 event, the company provid
es foreign securities trading services via mobile phone “DBSV mTrading Thailand”. Customers can invest in up to 9 markets in 7 markets. Countries include Singapore, Hong Kong, Japan, Australia, America, Canada and England. Designed for all investors. There is a special promotion at the event. Those who open a trading account will have a Gift Voucher with souvenirs given to them.

‘So that you don’t miss it. Every important moment of investing in the world market and trade with confidence Worry-free with information and complete investment assistance tools, both technical and fundamental In-depth information, target prices, along with analyst opinions (consensus) from analysts around the world. and many other services,’ Mr. Wichanon said.

The Stock Exchange of Thailand has continuously organized the SET in the City event. To provide knowledge and information on investment products that investors can apply to meet their future financial goals. This year’s SET in the City is organized under the theme ‘Look for
opportunities in the stock market. Build an investment portfolio to grow.’ What will the investment trend be like in the second half of the year? Updated investment trends from experts Many investment options, including Thai stocks, foreign stocks, TFEX mutual funds, and Digital Tokens.

The event will be held on Saturday the 15th and Sunday the 16th of June from 10:00 a.m. – 7:00 p.m. at Samyan Mitr Town Hall, 5th floor, Samyan Mitr Town. Over the course of 2 days, there will be 50 seminars and workshops for both beginners and beginners. and pro Complete with investment options and tools, listen to perspectives from 50 leading speakers and gurus as well as 50 booths from securities companies, mutual funds companies and the stock exchange group. that will give advice and investment planning

Source: Thai News Agency

BOI joins hands with HSBC Create investment opportunities in Thailand


Bangkok, BOI and HSBC Thailand announces strategic cooperation to create investment opportunities in Thailand, pushing Thailand to be an investment center in the ASEAN region.

The Board of Investment (BOI) and HSBC Thailand signed a memorandum of understanding to push Thailand towards an investment hub in Southeast Asia. and promote foreign direct investment (FDI) to strengthen the capabilities of both organizations. Through comprehensive investment consulting in Thailand along with HSBC’s digital financial platform Come help facilitate foreign investors’ access to investment opportunities and business expansion in Thailand.

Mr. Narit Theodsatheerasak Secretary-General of the Board of Investment (BOI) said that Thailand is considered one of the most outstanding countries in the ASEAN region. With potential and readiness in many areas that facilitate investment. Both in terms of good infrastructure Personnel with expertise and advanced skills Including proactive support measures from the government. This is
considered a factor that helps attract foreign investment. In the past, the government and BOI have moved forward with measures to promote investment in various fields. Including continuous investment inducement activities This has resulted in significant investment in important projects by large foreign companies. In the past year 2023, Thailand recorded the highest investment figures in 9 years, with the value of investment promotion applications exceeding 848,000 baht. million baht, growing 43 percent compared to the same period last year. It is foreign direct investment (FDI) of more than 663 billion baht, an increase of more than 72 percent. The BOI believes that the flow of foreign investment will continue to grow. In the first quarter of 2024, there were a number of applications for investment promotion. 724 projects, an increase of 94 percent, total investment value of 228,207 million baht, an increase of 31 percent compared to the same period of 2023, reflecting the confidence of foreign investors in
Thailand. The BOI is confident that signing an alliance with HSBC this time will enhance its ability to reach, understand and be able to coordinate with foreign investors. To accelerate attracting more investment into Thailand in the future. Through this partnership, HSBC will leverage its global network of business clients. and insights about investing in Thailand. In addition, HSBC will organize roadshow activities in key markets such as China, Hong Kong, India, Saudi Arabia, ASEAN, Europe and the United Kingdom, among others, to promote the country as a regional investment hub.

The cooperation between the BOI and HSBC will be a part of helping to drive foreign investment. Especially in the current situation where large global companies have a desire to expand their business and look for new opportunities, today ASEAN is considered an outstanding region. And Thailand is one of the ASEAN countries that is suitable to be a new investment base for the global market. BOI is confident that HSBC’s global network
It will help strengthen and accelerate investment in 5 industrial groups according to BOI’s strategy: electric vehicles, semiconductors, digital, bio-industry and clean energy. and support the establishment of regional offices in Thailand To expand access to a wider group of investors The BOI and HSBC will work closely together to drive investment through various activities to achieve jointly set goals.

Mr. Narit also mentioned Japanese car manufacturers. ‘Subaru-Suzuki’ withdrew investment in Thailand and announced the closure of the factory and discontinued production, saying that as of today, Thailand is still the source of investment in the automotive industry and attracts investment in the EV industry the most in the ASEAN region. The government will transition to the electric vehicle industry, where 5 years ago Japanese automakers invested 20 billion baht in Thailand and in the next 5 years there will be approximately 150,000 Japanese investments in Thailand. million baht and will invest in hybrid cars
and EVs. In addition, Chinese electric car manufacturing companies have already come to invest in Thailand, such as BYD, Great Wall Motors and Chang An by BYD and Chang An We will begin producing electric cars in Thailand next year. From this investment, we can see that Thailand is still a source of automobile investment in the ASEAN region. both car parts and electric car batteries This year, two more companies will invest in producing electric vehicle batteries. It is expected that there will be investment in the electric vehicle industry. Up to 800 billion baht in automobile parts and electric vehicle batteries has requested investment approval from the BOI. The approved projects will be invested within 1-3 years.

Mr. Giorgio Gamba, Chief Executive Officer HSBC Thailand said Thailand is one of the key markets in which international businesses want to invest. HSBC Global Connections research indicates that 37 percent of the companies in the sample currently have operations in Thailand. This skilled workfor
ce is a factor that makes Thailand an attractive market. This is followed by a growing digital economy and middle-income population. Moreover, Thailand has long been an important manufacturing base for the region. and remains an important part of the world’s supply chain. Thailand is currently the largest automotive producer in ASEAN. The production amount accounts for 50 percent of all countries in the region. As a result, Thailand is a potential destination for large-scale investment from major economies in the region and around the world. Especially the electric vehicle (EV) industry

for HSBC is one of the largest international banks in the world. which operates in 62 countries and territories and is Thailand’s first commercial bank with more than 135 years of experience in doing business in Thailand. We therefore believe in the organization’s potential to connect Thailand with investors around the world. Through offering comprehensive financial solutions and an innovation platform for digital finance, th
e Bank is ready to support the BOI in various roadshow activities and develop new trade and investment cooperation, especially in target industries such as intelligent electronics and the digital economy

The HSBC report also points out that 18% of international businesses that do not currently operate in Thailand plan to expand into Thailand within the next two years, reflecting that Thailand remains a market that investors around the world are interested in and see as having potential. Being the investment center of the region.-

Source: Thai News Agency

Thai stocks closed this morning down 0.37 points.


Bangkok, Stock Exchange of Thailand Closed this morning at 1,315.73 points, down 0.37 points (0.03%), trading value approximately 26,010.46 million baht.

Morning trading The index fluctuates, waiting to see many factors. The lowest level was 1,311.04 points and the highest level was 1,320.51 points.

Source: Thai News Agency