Page 2 - Jay Mart News Today

SET-listed Jay Mart, a holding firm engaged in IT retail, finance and technology, plans to create a utility token for launch next year for the suki restaurant brand Suki Teenoi operated by BNN Restaurant Group.

Starting with a single retail shop selling electrical appliances 32 years ago, Jay Mart has become a listed holding conglomerate engaged in retail IT, finance and technology, with business partnerships set to expand in order to foster synergy and drive growth.

RECAP: Asian markets fell yesterday as optimism that had fuelled earlier buying gave way to nervousness ahead of a US jobs report that could determine Federal Reserve rate hike plans.

SET-listed Jay Mart, a holding firm engaged in IT retail, finance and technology, aims to reach a 500-billion-baht market capitalisation by 2024, up from 200 billion baht, driven by technological power, new business models, and financial products.

Thailand's smartphone market is expected to experience flat growth or even decline this year due to the economic slump and a weaker baht, but flagship 5G smartphones, loans and trade-in programmes could help prop up the segment, according to IT product distributors.

Rabbit Life Insurance (Rabbit Life), a life insurance firm under BTS Group Holdings (BTS), aims to rank among the top 10 life insurance businesses within the next three years by leveraging its customer base and big data.

Two SET-listed firms -- renewable energy developer Gunkul Engineering and IT retailer Jay Mart -- are bolstering their joint venture, JGS Synergy Power, through a share swap worth 500 million baht each to tap into increasing demand for rooftop solar panels.

Amid a slow economic recovery, the collective wealth of tycoons on the 2022 Forbes list of Thailand’s 50 richest fell nearly 6% to US$151 billion as compared to a year ago.

Amid a slow economic recovery, the collective wealth of tycoons on the 2022 Forbes list of Thailand’s 50 richest fell nearly 6% to US$151 billion as compared to a year ago.

The value of cryptocurrencies has plunged over recent days, with Bitcoin -- the largest coin by market cap -- sinking to its lowest point since 2020.