Investment

Thailand's investment pledges jump 70% in H1, China tops FDI – Yahoo Canada Sports

Published

1 year ago

July 10, 2023

BANGKOK (Reuters) – Thailand’s investment applications between January and June jumped 70% from a year earlier, driven by foreign investors’ projects in the electronics, food, and auto sectors, the government said on Monday.

In the first six months of 2023, applications totalled 364.4 billion baht ($10.37 billion) and foreign direct investment surged 141% on-year to 304 billion baht, the Board of Investment (BOI) said in a statement.

China was the biggest investor, with projects worth 61.5 billion baht, while Singapore and Japan followed with 59 billion baht and 35.3 billion baht, respectively, it said.

The higher first-half pledges were helped by the automotive and related parts industry, which saw 80 investment projects worth 19.6 billion baht, the BOI said.

Thailand, already a major regional auto manufacturing hub, is promoting electric vehicles (EVs) as it also aims to become a hub for EV manufacturing in Southeast Asia.

Investments in EV production approved so far include projects by China’s BYD and Great Wall Motor.

Other manufacturers have also announced investment plans in Thailand, including China’s Changan Automobile and GAC AION New Energy Automobile, which are expected to file investment applications in the second half of the year, the BOI said.

($1 = 35.13 baht)

(Reporting by Satawasin Staporncharnchai; Editing by Kanupriya Kapoor)

Adblock test (Why?)

Source link

Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

1 week ago

October 16, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

Source link

Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

2 weeks ago

October 11, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

Source link

Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

Published

2 weeks ago

October 10, 2024

Anne Joseph

TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

Source link