Business

Has the level of happiness in Thailand deteriorated?

The level of happiness in Thailand has reduced over the past few years, according to a number of indices and surveys. With the COVID-19 pandemic taking its toll on the…

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Chinese President Xi Jinping in Beijing on October 9, 2021. (Photo by Noel Celis / AFP)

Australia accuses China of undermining world trade

Australia delivered a withering denunciation of China’s trade policies Thursday, accusing Beijing of undermining the World Trade Organization and foot-dragging on promised economic reforms.  During a usually routine WTO review…

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Customers take a photo with staff members wearing “Squid Game” costumes at Strawberry Cafe in Jakarta, Indonesia, October 15, 2021. REUTERS/Ajeng Dinar Ulfiana

Megahit “Squid Game” puts focus squarely on Netflix’s overseas growth

Oct 19 (Reuters) – The success of the South Korean dystopian drama series “Squid Game” has led investors to bet on Netflix Inc’s plans to explore more international content to…

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Cyberfraud revives debate on ways to make online banking safer

Amid the increasing push towards a digital economy, cybersecurity is back in focus after thousands of people fell victim to cyberfraud. At least 40,000 people suffered losses estimated at over…

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An electronic display showing the China GDP indexes is seen on a street in Shanghai, China October 16, 2021. REUTERS/Aly Song

China’s economy stumbles on power crunch, property woes

BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers…

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City of Pataya during the lockdown in September 2021. (Photo by Thai PBS)

Human resources and inequality, main issues needing serious attention

Thailand needs to develop its human resources, improve the quality of its education, and get serious about addressing the inequality gap, says economist, Dr. Somjai Phagaphasvivat. He said that dealing…

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Financial help rolled out for flood-affected customers of Thailand’s state-run banks

State-run banks have rolled out financial measures to help private individuals and businesses affected the current flooding, according to Pornchai Theeravet, director of the Finance Ministry’s Fiscal Policy Office. The…

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Photo by Ozan KOSE / AFP

Bitcoin tops $60,000, nears record high, on growing U.S. ETF hopes

LONDON/HONG KONG (Reuters) – Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund…

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Laem Chabang Port in Chonburi province. (Photo by EEC)

Tourism, investments expected to take off as Thailand reopens on Nov 1

Business leaders are expecting an influx of foreign tourists and investors when Thailand reopens its doors to the world on November 1. “Reopening Thailand will open up many opportunities,” said…

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Thai household economy improves but remains fragile for rest of the year

Thailand’s household economy has improved but will remain fragile for the rest of the year, due to a combination of flooding, rising energy prices and uncertainty over the COVID-19 pandemic,…

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AP Photo/Vincent Thian

IMF warns pandemic darkening prospects in developing countries

Washington (AFP) – The ongoing hit from the Covid-19 pandemic and the failure to distribute vaccines worldwide is worsening the economic divide and darkening prospects for developing nations, the IMF said Tuesday….

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Taxi drivers waiting for customers at Bangkok Railway Station, more commonly known as Hua Lamphong, in Bangkok. (Photo by Lillian SUWANRUMPHA / AFP)

Ride-hailing services enter uncharted territory after new regulations take effect

Legalized ride-hailing taxi services, which start next month, will offer more choices, but both consumer satisfaction and drivers’ welfare are dependent on many variable factors in the post-COVID-19 scenario. Technology…

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AP Photo/ Gemunu Amarasinghe, File

Thailand’s Multidimensional Poverty Index lowest in ASEAN

Thailand’s Multidimensional Poverty Index (MPI) is 0.002, the lowest among all the ASEAN countries, according to a new report released by the United Nations Development Programme (UNDP) and the Oxford…

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e-tax e-service
(Photo by Claudio Schwarz)

Almost 100 global platforms ready to pay e-tax

Amid a sharp decline in tax collections due to COVID-19, Thailand’s newly levied e-service tax has emerged as a welcome source of revenue for the exchequer. The 7 percent value-added…

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Thai cabinet approves six new special economic zones in EEC for future industries

The Thai cabinet has approved the establishment of six special economic promotion zones in the Eastern Economic Corridor (EEC) in eastern Thailand, with the aim of attracting investments of over…

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Zero net emissions by 2050: a huge challenge for airline industry

How can passengers take 10 billion flights a year without contributing to global warming? The question of “greening” the international aviation sector by 2050 constitutes a colossal task whose stakes — and…

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S&P Global retains Thailand’s credit rating at BBB+ with stable outlook

S&P Global Ratings (S&P) has retained Thailand’s sovereign credit rating for 2021 at BBB+, with a stable outlook, as it was last year, according to Government Spokesman Thanakorn Wangboonkongchana. Regarding…

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Pandora Papers expose world leaders’ offshore entities, Thai tycoon families among listed

More than a dozen heads of state and government, from Jordan to Azerbaijan, Kenya and the Czech Republic, have used offshore tax havens to hide assets worth hundreds of millions…

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A general view shows the Evergrande Center building in Shanghai on September 22, 2021. Hector RETAMAL / AFP

Thai government advised to prepare for financial fallout from China’s ‘Evergrande’ crisis

Thailand’s former finance minister and Kla Party Leader Korn Chatikavanij has strongly advised the Thai government to take precautionary steps to protect against any fallout from China’s Evergrande crisis. In…

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File photo. The “Phuket Sandbox” programme for visitors fully vaccinated against the Covid-19 coronavirus has remained closely-watched, economically and politically. Jack TAYLOR / AFP

Thailand’s new tourism promotional slogan for next year unveiled

The Thai government plans to promote tourism next year under the new slogan “Visit Thailand 2022, Now Even More Amazing Thailand Has It All”, together with investments as well as…

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Increase in public debt ceiling raises questions on government’s competence

Finance Minister Arkhom Termpittayapaisith recently announced that the government needed to increase the public debt ceiling to 70 percent of gross domestic product (GDP) from 60 percent. The remarks came…

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World Bank’s lowers Thailand’s GDP growth forecast for this year to 1%

World Bank has slashed Thailand’s gross domestic product (GDP) projection for 2021 to just 1%, from 2.2% originally forecast, due to the impacts of the COVID-19 pandemic, said Mr. Kiatipong…

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(Photo by the Airports of Thailand)

Government makes bold move to woo wealthy, highly skilled foreigners

Labor experts and investors are throwing their support behind the government’s move to lure one million wealthy expats and highly skilled professionals on long-stay visas, but netizens are worried about…

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Thai exporters advised to adjust to meet new challenges next year to stay competitive

Thai exporters cannot continue to rely on the benefits they have been enjoying so far this year, to which a two-digit export growth has been attributed, but will have to…

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Mladen ANTONOV / AFP

Reopening of Bangkok, 4 other provinces likely delayed to November 1

The reopening of Bangkok, Chiang Mai, Chonburi, Phetchaburi and Prachuap Khiri Khan, initially scheduled for October 1st in the second phase of opening to fully vaccinated and COVID-negative international arrivals…

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Photo by Jack TAYLOR / AFP

Thai cabinet approves 3rd phase of co-payment scheme, cuts number of subscribers

Thailand’s cabinet approved the rollout of the third phase of the 50:50 co-payment scheme and the “Ying Chai Ying Dai” (The More You Spend, the More You Get) program today…

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Commercial property and residential condo buildings are pictured in Bangkok on March 10, 2020. Alex OGLE / AFP

Restrictions on foreign residents’ land ownership in Thailand to remain

Long-staying foreigners can own at most 49% of a condominium building and cannot own land in Thailand, but can rent land on a long-term basis under a special law, such…

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SRT launches special train service to Buri Ram to celebrate meatball festival

The State Railway of Thailand launched special train services yesterday for anyone, especially fans of K-pop idol Lalisa “Lisa” Manoban, wanting to celebrate the meatball festival in the north-eastern province…

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Registration for 3rd “Rao Tiew Duay Kan” tourism program starts Sep 24

Thailand’s Ministry of Tourism and Sports is set to launch the third phase of the “Rao Tiew Duay Kan” (We Travel Together) tourism promotion program on September 24th, by enabling…

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Workers make Chinese flags at a factory in Jiaxing, Zhejiang province, China September 25, 2019. REUTERS/Stringer/File Photo

China applies to join Pacific trade pact to boost economic clout

BEIJING, Sept 16 (Reuters) – China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the commerce ministry said, as the world’s second-biggest economy…

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Mladen ANTONOV / AFP

Bangkok postpones reopening to visitors from abroad to October 15

Bangkok will postpone its reopening to fully vaccinated and COVID-negative visitors from abroad, scheduled for October 1st, to October 15th, as the authorities want at least 70% of the city’s…

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Vegetables grown on abandoned taxis help drivers survive

Staple vegetables, such as chili, eggplant and cucumber, are now being grown on the roofs, in the tires and in the trunks of abandoned taxis and you probably don’t need…

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Several incentives approved to attract long-staying foreign investors, wealthy foreigners

Today (Tuesday) Thailand’s cabinet approved, in principle, a measure to attract “high potential” foreigners, including wealthy retirees and specialists, to stay long term in the country in a bid to…

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Photo by Jack TAYLOR / AFP

Five Thai provinces are set to reopen to foreign tourists on October 1

Bangkok, Chon Buri, Phetchaburi, Prachuap Khiri Khan and Chiang Mai are set to reopen to foreign arrivals on October 1st, following the successful implementation of the first phase of the…

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Thais flock to Hua Hin as lockdown eased, reopening to foreign tourists cautioned

More Thai people have been travelling to the coastal town of Hua Hin, in Prachuap Khiri Khan province, since the partial easing of COVID-19 restrictions. The proposed reopening to foreign…

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Government employees wait for the opening of the Chivo digital wallet machine, which will exchange cash for Bitcoin cryptocurrency, at Las Americas Square in San Salvador, El Salvador, Tuesday, Sept. 7, 2021. Starting Tuesday, all businesses will have to accept payments in Bitcoin, except those lacking the technology to do so, according to a law approved by the congress. (AP Photo/Salvador Melendez)

Early stumble as El Salvador starts Bitcoin as currency

SAN SALVADOR (AP) — El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele said…

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Photo by Ozan KOSE / AFP

In world first, bitcoin becomes legal tender in El Salvador

San Salvador (AFP) – El Salvador on Tuesday becomes the first country in the world to accept bitcoin as legal tender, despite widespread domestic skepticism and international warnings of risks for consumers….

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Chinese Vice Premier Liu He attends the closing session of the Chinese People’s Political Consultative Conference (CPPCC) at the Great Hall of the People in Beijing, China May 27, 2020. REUTERS/Thomas Peter/Pool/Files

China’s Liu He assures business of support, amid regulatory crackdown

BEIJING (Reuters) – China’s Vice Premier Liu He vowed the government would keep supporting the private sector amid growing concern a regulatory crackdown on a wide range of industries was hurting businesses. Liu said, “guidelines and policies for supporting the private economy have not changed… and will…

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Photo by Jack TAYLOR / AFP

Thailand’s Hua Hin seeks to reopen to foreign arrivals from October 1

Following in the footsteps of the Phuket “sandbox” scheme, Thailand’s resort town of Hua Hin is seeking to reopen to foreign arrivals on October 1st, with the expectation that as…

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1.6 billion baht generated in 2 months of ‘Phuket Sandbox’ as COVID spreads

1.6 billion baht has been generated from the “Phuket sandbox” scheme, which began on July 1st, amidst aworsening COVID-19 outbreak on the resort island, where over 200 cases per day…

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Economic recovery hinges on whether relaxation of lockdown is sustainable

The government has started to ease some lockdown restrictions from September 1. Department stores have been allowed to reopen most of their services after being closed for a month. Restaurants…

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FILE PHOTO: The logo of Google is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File Photo

Thailand to start collecting tax from foreign tech firms

BANGKOK (Reuters) – Thailand will start collecting value added tax (VAT) from foreign technology companies and expects to raise at least 5 billion baht ($154.70 million) in additional revenue each…

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Photo by STEPHEN SHAVER / AFP

Thailand’s private sector tells government – ‘No more lockdown restrictions’

The joint committee of Thailand’s three private sector organizations has told the government not to re-impose lockdown restrictions, but to accelerate vaccinations to cover 70% of the country’s population before…

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Visitors wearing face masks look at souvenir shops in a neighborhood popular with tourists in central Beijing, Tuesday, Aug. 3, 2021. (AP Photo/Mark Schiefelbein)

Asian tourism sees ups, downs in 2nd year of pandemic

From the Great Wall to the picturesque Kashmir valley, Asia’s tourist destinations are looking to domestic visitors to get them through the COVID-19 pandemic’s second year. With international travel heavily…

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Photo by Mladen ANTONOV / AFP

CCSA to consider limited easing of restaurant dine-in restrictions

Thailand’s Ministry of Public Health will seek approval from the Centre for COVID-19 Situation Administration (CCSA), at its meeting this Friday, of guidelines for restaurants and other eateries in COVID-19…

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Photo by Ozan KOSE / AFP

Bitcoin jumps above $50,000 for first time since May

Hong Kong (AFP) – Bitcoin broke back above $50,000 on Monday for the first time in three months as investors piled back into the cryptocurrency on bargain-buying. The unit climbed around…

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(Photo by Yuri CORTEZ / AFP)

PayPal to let UK users buy, hold and sell cryptocurrency

PayPal on Monday said it will this week begin to allow users in Britain to buy, hold and sell cryptocurrency through the online payment platform for the first time. The…

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(Photo by Tim Mossholder)

Thailand’s economy staring at recession at year-end

The Thai economy rebounded in the second quarter, growing by 7.5 percent year on year, after a 12.1 percent contraction during April-June last year. The high economic growth in the second…

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(Photo by rupixen.com)

Thai consumer spending in foreign currencies increases 200%

Thai consumer spending in foreign currencies increased 200% during the second quarter year on year, according to a multi-currency wallet platform Youtrip. The data also shows most spending was on…

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Longan growers seek help from Thai government as prices hit rock-bottom

Thailand’s longan growers are asking for help from the government after China has temporarily suspended purchases of the sweet and succulent fruit since August 13th, claiming that Thai exports were…

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AP Photo/Gemunu Amarasinghe, File

Thai asphalt giant implicated in Venezuela sanctions case

CLEVELAND (AP) — A major Thai asphalt company has been implicated for money laundering in a criminal complaint against a Miami businessman accused of violating U.S. sanctions for doing maintenance…

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(Photo by SAEED KHAN / AFP)

Class action suit filed by massage parlours, spas seeking compensation for lockdown losses

A group of 172 massage parlour and spa operators filed a class action lawsuit with the Civil Court today (Tuesday) against the Finance Ministry and the government, demanding compensation for…

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Cutback in deposit insurance a challenge for banks and account holders

Many depositors may have to think hard about the safety of their cash deposits in commercial banks after deposit insurance was slashed to a maximum of Bt1 million from Bt5…

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AP Photo/Charles Krupa, File

Pfizer, Moderna seen reaping billions from COVID-19 vaccine booster market

NEW YORK (Reuters) – Drug makers Pfizer Inc, BioNTech and Moderna Inc are expected to reap billions of dollars from COVID–19 booster shots in a market that could rival the $6 billion in annual sales for flu vaccines for years to come, analysts…

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Photo by Lillian SUWANRUMPHA / AFP

Domestic tourism urged to be promoted as backup plan to overseas arrivals

The Thai Hotels Association is urging the government to come up with measures to promote domestic tourism, because it is unsure that the plan, earlier announced by Prime Minister Prayut…

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Weaker baht may not help economy if COVID not contained

The baht has seen a steady slide for weeks amid a surge in COVID-19 infections and deaths recently. The baht fell to 33.39 to the US dollar at one point…

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More financial support approved in Thailand’s “Dark Red” provinces

The Thai cabinet, on Tuesday, approved a 33.47 billion baht budget to help about 6.69 million unemployed and freelance workers affected by the government’s partial lockdown restrictions, imposed in the…

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Thai research body predicts a million jobless by year end if pandemic persists

Thailand’s economic think-tank, the Thailand Development Research Institute (TDRI), predicts that the number of unemployed in the kingdom will reach one million by the end of this year, if the…

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Thailand’s ‘modern trade’ confidence at lowest point in 3 years due to pandemic

Thailand’s “modern trade” confidence index in the second quarter of this year hit the lowest point in the past three years, at 45.3, as retail businesses are being hit hard…

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More financial help approved for businesses, employees in “Dark Red” provinces

The Thai cabinet, today (Tuesday) approved the allocation of another 30 billion baht to help businesses and employees in the 16 provinces recently added to the COVID-19 “Dark Red” category…

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A textile factory in Pathum Thani. (Photo by Lillian SUWANRUMPHA / AFP)

Thailand’s manufacturing at risk as workers get infected with COVID

The COVID-19 crisis has continued to aggravate in Thailand with new cases rising at an alarming rate, exceeding over 15,000 a day in the last few days. The impact on businesses and people…

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International Monetary Fund headquarters(IMF) building in Washington, DC. (Photo by MANDEL NGAN / AFP)

IMF officially approves increased lending capacity

The board of governors of the International Monetary Fund on Monday greenlit increasing the institution’s lending capacity by $650 billion, the last step in approving an initiative to boost aid…

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Bangkok’s Chinatown street food stalls, gold shops see worst trade in years

The Thai capital’s once bustling Chinatown is now uncharacteristically quiet, with many businesses suffering from the impacts of the raging COVID-19 pandemic. The 9pm to 4am curfew in Bangkok and…

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Khao San Road, a once popular tourist strip in Bangkok. (Photo by Jack TAYLOR / AFP)

Virus surge kills chance of early economic recovery for Thailand  

Thailand’s economic recovery looks set to be delayed further, with many research houses revising down their growth forecasts for this year. The economy contracted 6.1 percent last year amid the…

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IMF sees 6% world growth, warns developing nations falling behind

The global economy will expand by six percent this year, but disparities between nations are widening as advanced economies accelerate while developing countries fall behind, the IMF said Tuesday.  While…

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Bitcoin soared 10 percent to top $38,000 on July 26, 2021. (Photo by Ozan KOSE / AFP)

Amazon eyes cryptocurrency but not poised for Bitcoin

New York (AFP) – Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year, but acknowledged an interest in cryptocurrency….

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Thailand’s 40 CEOs reject ‘Wuhan’ model, call on PM to control pandemic, provide compensations

40 of Thailand’s leading CEOs have called on the government to get the COVID-19 pandemic under control, compensate people who have been adversely impacted by it, boost the economy and…

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Photo created by lifeforstock – www.freepik.com

Thailand’s household debt in Q1 at 90.5% of GDP and increasing – BoT

Thailand’s household debt, for the first quarter of this year, soared to 14.1 trillion baht, accounting for 90.5% of gross domestic product (GDP), and is increasing due to a fall…

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This picture shows the Olympic rings and Olympic Stadium in Tokyo on July 20, 2021, ahead of the Tokyo 2020 Olympic Games. (Photo by Behrouz MEHRI / AFP)

Thai athletes enter Tokyo Olympic ‘bubble’ with 3 gold medals in sight

Thailand is targeting at least one gold medal as 41 Thai athletes launch their campaigns at the Tokyo Olympics, which start on Friday (July 23) under a sealed COVID-19 “bubble”. A Thai…

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This Aug. 13, 2020, photo shows a logo for Netflix on a remote control in Portland, Ore. Netflix reported its worst slowdown in subscriber growth in eight years as people emerge from their pandemic cocoons. But it has an answer to that: Video games. On Tuesday, July 20, 2021 the streaming giant announced plans to begin adding video games to its existing subscription plans at no extra cost. The confirmation of the long-anticipated expansion came in conjunction with the release of its latest earnings report. (AP Photo/Jenny Kane)

Netflix confirms move into video games as its growth slows

SAN RAMON, Calif. (AP) — Netflix reported its worst slowdown in subscriber growth in eight years as people emerge from their pandemic cocoons. So it’s adding a new attraction to…

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Adoption matters most in crypto trade, with giant techs expected to join the craze – Bitkub.com CEO

Adoption matters most in the cryptocurrency and blockchain industries, while giant techs “of the caliber of Google, Amazon, and Apple” are expected to diversify their assets into cryptocurrency, said Bitkub.com…

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GSB to help 750,000 financially-troubled debtors with debt moratoria

Thailand’s state-owned Government Savings Bank (GSB) will help ease financial the burden for more than 750,000 mostly small debtors, through debt a moratorium scheme, said GSB Director Withai Rattanakorn today…

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A child sits at a table in front of closed shops at Pratunam market in Bangkok. (Photo by Mladen ANTONOV / AFP)

Private sector skeptical over lockdown success, without mass screening, vaccinations

Federation of Thai Industries (FTI) chairman Supant Mongkolsuthree has expressed doubt that the Centre for COVID-19 Situation Administration (CCSA)’s decision to tighten lockdown measures in 13 “Dark Red” provinces will…

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Covid-19 pandemic highlights the importance of financial literacy

Financial misery has engulfed both individuals and small businesses as a result of the economic fallout from the coronavirus pandemic and the lockdowns and restrictions that have accompanied it. SMEs,…

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Thailand Deputy Prime Minister Somkid Jatusripitak delivers a speech during the opening ceremony of World Economic Forum on Mekong region in Hanoi on October 25, 2016. (Photo by STR / AFP)

Is ‘economics tsar’ Somkid Jatusripitak preparing to make a comeback?

Famed as Thailand’s top “economics tsar”, former deputy prime minister Somkid Jatusripitak has served both elected governments and a junta regime during his long and colorful career. Somkid, 68, abruptly quit…

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Thai banks offer 2-month debt moratorium for SMEs hit by semi-lockdown

Small and medium-sized businesses in areas of Thailand under semi-lockdown and control measures will be granted a debt and interest moratorium for July and August, as part of a new…

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New stock-trading tax a big gamble for COVID-depleted Thailand

The Finance Ministry is under pressure to boost tax revenue as Thailand has run fiscal deficits for several years, resulting in high public debt. The COVID-19 crisis has worsened the situation,…

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AirAsia to buy Gojek’s Thai business for $50 mln in shares

Malaysian budget carrier AirAsia Group said it will buy Indonesian ride-hailing and payments firm Gojek’s Thailand business in a stock swap, giving Gojek a 4.76% stake in the airline’s lifestyle…

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Pre-pandemic global employment levels not expected until 2023 – OECD

The world’s employment levels will not return to pre-COVID-19 levels until at least 2023, the Organisation for Co-operation and Economic Development (OECD) said on Wednesday (July 7) as it unveiled…

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Industrial sector confidence index for June lowest in 12 months

The industrial confidence index for June has fallen again for the third consecutive month, to the lowest point of 80.7 in 12 months and from 82.3 in May, according to…

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7,347 hotel bookings on Phuket in July, as 15 local COVID-19 infections logged

7,347 people have booked their hotel rooms for stays during July, as part of the Phuket “sandbox” project, which began on July 1st and enables fully vaccinated foreign tourists to…

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(Photo by Paul Faith / AFP)

Pandemic drives sea freight prices to record high

Container shipping prices have reached record highs some 18 months after the outbreak of the coronavirus pandemic which disrupted maritime logistics chains and drove demand sky-high. “We are basically running…

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Photo by PORNCHAI KITTIWONGSAKUL / AFP

Thailand’s household debt in Q1 2021 is highest in 18 years – Kasikorn Research

Thailand’s household debt in the first quarter of 2021 increased to 14.13 trillion baht, representing 90.5% of gross domestic product (GDP), compared to 89.4% of GDP for the fourth quarter…

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This file photo dated 05 September, 1997 shows exchange rates at the Bangkok Bank. (Photo by GARY WAY / AFP)

Financial crisis to silent crisis: 24 years after the baht’s freefall

Thailand’s currency collapsed on July 2, 1997, as market speculation forced the country to abandon its fixed exchange rate and the central bank depleted its coffers to protect the baht….

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Photo by OLIVIER DOULIERY / AFP

Facebook wins antitrust dismissal, surges to $1 trillion value

A US judge on Monday dismissed the blockbuster antitrust action against Facebook filed last year by federal and state regulators, helping lift the value of the social media giant above…

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฿7.5bn allotted to help Thai workers and businesses hit by partial lockdown

Thailand’s Centre for COVID-19 Situation Administration (CCSA) has set aside 7.5 billion baht, from the Social Security Fund and government borrowing, to compensate individuals and businesses affected by the month-long…

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Thailand’s delicate balancing act of combatting COVID-19 and reviving economy

Thais are deeply worried about the government’s plan to reopen the country and resume normal business operations by October, as daily infections and deaths rise again amid a bumpy vaccine…

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People dine separated by dividing screens at a street food corner in Bangkok’s Chinatown on January 10, 2021, (Photo by Mladen ANTONOV / AFP)

฿1-2bn Baht per day loss expected due to new restrictions – Commerce Chamber

One to two billion Baht in revenue will be lost per day, resulting in an economic contraction of about 0.1%-0.3%, amid a new round of COVID-19 restrictions beginning today (Monday)…

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Sandbox or quicksand? Thailand on edge as Phuket prepares to welcome back foreign tourists

Despite growing public concern over surging COVID-19 infections, the Phuket Sandbox scheme is set to roll out on July 1. From next month, fully vaccinated foreigners are welcome to fly…

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People walk in a street food market in Bangkok on June 9, 2020. (Photo by Mladen ANTONOV / AFP)

Lackluster response to Thailand’s “Ying Chai Ying Dai” stimulus scheme

Only about 310,000 Thais have joined the Finance Ministry’s “Ying Chai Ying Dai” (The More You Spend, the More You Get) stimulus scheme, launched on Monday in the hope of…

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(Photo by Krit Phromsakla Na SAKOLNAKORN / THAI NEWS PIX / AFP)

‘Secret’ security spending under fire as Thai budget prioritises defence over health

The opposition is targeting a “secret budget” worth more than Bt1 billion while vetting the Bt3.1-trillion budget for the 2022 fiscal year. The budget bill passed its first parliamentary reading…

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(Photo by Aamir QURESHI / AFP)

Tinder adds new features as love seekers stay virtual

Dating app Tinder on Tuesday added more ways for people to get to know each other from afar before meeting in a world changed by the pandemic. “People want to…

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400,000 join Greenpeace’s campaign to stop Thailand joining CPTPP

Members of Greenpeace Thailand gathered in front of Government House on Tuesday, to present the 400,000 signatures it has gathered in opposition to the government’s plan to join the Comprehensive…

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Small toy figurines are seen on representations of the Bitcoin virtual currency displayed in front of an image of China’s flag in this illustration picture, April 9, 2019. REUTERS/Dado Ruvic/Illustration

Bitcoin tumbles 10% in wake of deepening China crackdown

LONDON/TOKYO (Reuters) – Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China‘s expanding crackdown on bitcoin mining in thin liquidity for the…

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Photo by LOIC VENANCE / AFP

Eight airlines given slots to fly to Krabi from end of October

Eight airlines have been given slots to fly into Thailand’s southern resort province of Krabi during the cold season, from October 31st to March 26th, said Director-General of Thailand’s Department…

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Global shipping industry faces labor shortage amid India COVID-19 surge

The global shipping industry is facing a severe labor shortage amid travel restrictions sparked by the COVID-19 surge in India which provides 14.6 percent of international seafarers to the sector,…

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Bangkok street vendors allowed 2 years at allocated spots, urge government to rebuild confidence

Bangkok street vendors can now enjoy continuing doing their businesses at allocated spots specified by local authorities, after a Bangkok Metropolitan Administration (BMA) committee tasked with maintaining the orderliness of…

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Photo created by lifeforstock – www.freepik.com

Thai Central Bank instructed to review interest rate caps on personal loans

Prime Minister Prayut Chan-o-cha has instructed the Bank of Thailand (BoT) to review the caps on interest rates charged for personal loans, which include credit cards, ready cash cards, vehicle…

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File photo

Thai Airways seeks new capital to resume operations after rehabilitation plan approval

Financially-strapped Thai Airways International (THAI) is seeking 50 billion Baht worth of capital from both the government and private financial institutions to boost its liquidity, so the struggling airline will…

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3,000 restaurants apply for loans over past week in new government scheme

About 3,000 restaurants in Thailand have applied for loans over the past week, under a new scheme co-initiated by the Commerce Ministry and five state financial institutions, to help struggling…

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