Thailand’s SET Index closed at 1,373.92 points, decreased 7.07 points or 0.51% with a trading value of 35.3 billion baht. The analyst stated that the Thai stock market moved in an opposite direction from regional markets as it lacked positive factors to drive the market. Meanwhile, the cabinet dismissed the proposal for wage increase, while considering the measure to limit electricity price, resulting in a selloff in power generator stocks.
The analyst stated that the US inflation data and Fed’s resolution will guide the market tomorrow.
PTT Oil and Retail Business is planning to bring back its plan to build a budget hotel within its own gas stations, according to OR’s Chief Executive Officer Mr. Disathat Panyarachun in an interview with Bangkok Post.
In an interview with Bangkok Post, the CEO expected these budget hotels to have 50-100 rooms while offering a variety of goods and services near the area, including F&B, convenience stores and laundry, not to mention wellness, healthcare and beauty business that the company is planning to add.
Mr. Disthat did not disclose the budget for this plan, but noted that the amount should become clearer in June next year.
Thailand’s industrial sentiment increased for the first time in five months in November, boosted by an increase in tourism, consumption and exports with a help from new government measures, according to the report by the Federation of Thai Industries (FTI) on Tuesday.
Exports also improved following a recovery in demand of trading partners overseas, which boosted Thai manufacturing, said FTI after the report of the industrial sentiment index rising to 90.9 in November from 88.4 in the previous month.