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SEC imposes hefty fine on Prasert Prasarttong-Osoth and 2 associates for shares manipulation

13 Sept 04:05 Key points summarised by AI

The SEC fined billionaire Prasert Prasarttong-Osoth, his daughter, and an associate 499.95 million baht for manipulating Bangkok Airways shares.
The trio continuously bought and sold shares between November 2015 and January 2016, creating market misunderstanding and distorting share value.
Their actions violated multiple sections of the Securities and Exchange Act, leading to the significant civil punishment.
In addition to the fine, the individuals will be disqualified from holding executive or board positions in registered companies.

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.