Shares recover in volatile week for dollar, crypto
published : 22 May 2021 at 04:00
Recap: Global shares rose yesterday amid optimism fed by strong US economic and earnings reports, while Covid restrictions receded in some countries. The upturn capped a volatile week in which worries about inflation and an early US interest-rate hike pushed the dollar near a three-month low, the cryptocurrency market tanked while gold and silver shone as safe-haven assets.
The SET index moved in a range of 1,529.69 and 1,570.37 points this week before closing yesterday at 1,552.44, up by 0.19% from the previous week, in daily turnover averaging 90.25 billion baht.
Retail investors were net buyers of 4.95 billion baht, institutional investors bought 1.73 billion and brokerage firms purchased 1.49 billion baht worth of shares. Foreign investors were net sellers of 8.18 billion baht.
The Straits Times
Mr Sarath Ratanavadi is the latest Asian energy billionaire to invest in technology-linked assets.PHOTO: GULF.CO.TH
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Tycoon s $17 Billion Bid for Telecom Giants Draws Skeptics yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Sarathâs bid for InTouch draws skeptics
published : 21 Apr 2021 at 16:59
1 Gulf Energy Development chief executive officer Sarath Ratanavadi plans a buyout of Intuoch Holdings Plc, which controls AIS. (Photo: Gulf Energy Development)
Sarath Ratanavadi, Thailandâs second-richest man, is trying to diversify his empire with a bold bet on digital technology that may cost as much as 53 billion baht.
He’ll have to do more to convince skeptics that the math adds up.
While shares of Mr Sarath’s Gulf Energy Development Plc (Gulf) have climbed 7.6% since the company proposed buying control of Thailand’s biggest wireless operator and its parent on Monday, some analysts and investors are worried the cost of added debt won’t be worth the payoff. The acquisitions would combine a group spanning power plants, ports and toll roads with telecom companies that specialisze in digital services.
Malaysia begins marketing its first sustainability Sukuk
Bloomberg
Malaysia has started marketing its first sustainability Sukuk, adding to a growing number of countries turning to debt financing for environmental projects.
The Southeast Asian nation is marketing US dollar-denominated Islamic finance securities in 10-year and 30-year parts, and the shorter tenor is a sustainability offering, a person familiar with the matter said.
The deal might price as soon as today, said the person, who asked not to be identified as the details are private.
Sustainable debt issuance rose 29 percent last year to a record US$732 billion, BloombergNEF figures showed.
Indonesia sold green debt that complies with religious principles in 2018, making it the first country in the world to issue such securities, a UN Development Programme report said.