Newsfeed
SET rises in October
The Stock Exchange of Thailand Index increased 3.4 per cent month-on-month to close at 1,394.94 points at the end of October, following the US Federal Reserve's decision to leave its interest rates unchanged and the likely launch of further stimulus by the European Central Bank and China’s central bank. Since the start of the year, the SET Index has fallen 6.9 per cent, with a 4.57 per cent drop in market capitalisation, to Bt13.22 trillion.
New chairman at KTB
Krungthai Bank’s board of directors has appointed Somchai Sujjapongse as chairman of the board and director, effective yesterday, replacing Areepong Bhoocha-oom, who resigned. The move has been approved by the Bank of Thailand.
GMM Grammy recovers
GMM Grammy posted a total revenue of Bt7.32 billion in the first nine months, growing by 10 per cent year on year, with a net profit of Bt143 million, compared with losses last year of Bt1.869 billion.
