Business

Registration rush for co-payment scheme crashes “Pao Tang” app

The “Pao Tang” application system crashed this morning (Friday) as subscribers scrambled to reconfirm their registrations for the fifth phase of the 50:50 co-payment scheme, under which each will receive…

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Applications for Phase 5 of Thailand’s co-payment scheme open this Friday

Old and new subscribers to the government’s 50:50 co-payment scheme will be able to reconfirm or apply for their subscription this Friday under Phase 5 of the scheme, via the…

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A lottery vendor waits patiently for buyers in Bangkok.

Hardscrabble lottery vendors hit by digital revolution

Small lottery vendors across the country are now dreading the expansion of digital lottery tickets – which are sold not just through major private electronic platforms but also on the…

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How the US rate hike impacts the baht and Thailand’s economy

The US is the world’s largest economy and the US dollar is widely used worldwide, as a result, the actions and decisions of the US Federal Reserve (Fed) have a…

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Thai cabinet approves Eastern Economic Corridor free trade zone

The cabinet approved a proposal from the EEC (Eastern Economic Corridor) Policy Committee today (Tuesday) to upgrade the status of the EEC from a “special economic zone”to a “free trade…

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Electricity rate for August frozen to ease burden on low-income households

The Ministry of Energy and the Energy Regulatory Commission agreed, at their joint meeting yesterday (Monday), to freeze the electricity rate for August after Prime Minister Prayut Chan-o-cha expressed concern…

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NBTC board urged to ditch True-DTAC merger plan

Thailand’s opposition Move Forward party is urging the National Broadcasting and Telecommunications Commission (NBTC) to block the planned merger between two mobile phone service operators, True Corporation (True) and Total…

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Thai telecom regulator wants more study of True-DTAC merger plan

The board of the National Broadcasting and Telecommunications Commission (NBTC) wants a more comprehensive study of the planned merger between True Corporation (True) and Total Access Communication (DTAC) before it…

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Lessons to learn from Zipmex’s troubles and the crypto market turmoil 

The role of a digital asset exchange is to serve as a marketplace where investors can buy and sell their cryptocurrencies and other digital assets, while the revenue of the…

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A closer look at the new education bill that will shape the future of Thailand 

The National Education Bill is set to enter the Parliament for further deliberation in September, sparking new hope for some but concern for others.  The passage of this bill is…

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Thai cabinet exempts locally-assembled and produced EVs from customs duties

The electric vehicle industry in Thailand was given a shot in the arm today (Tuesday) when the cabinet decided to exempt from customs duties battery electric vehicles (BEVs), which are…

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Zipmex ordered to resume trading, withdrawals, following worrying freeze

Thailand’s Securities and Exchange Commission (SEC) has ordered Zipmex, Thailand’s second largest cryptocurrency exchange after Bitkub, to resume trading and digital asset withdrawals within three days after an official announcement…

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NBTC urged to accelerate consideration of True-DTAC merger plan

Thailand’s Charoen Pokphand Group (CP) and Norway’s Telenor are urging the National Broadcasting and Telecommunications Commission (NBTC), Thailand’s telecom and broadcasting regulator, to speed up the issuance of conditions to…

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Photo by Ozan KOSE / AFP

Bitcoin recovers after falling on news Tesla sold 75% of its holdings

NEW YORK, July 20 (Reuters) – Bitcoin rebounded after a brief sell-off late on Wednesday sparked by news that electric carmaker Tesla Inc (TSLA.O) had sold about 75% of its…

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Lacklustre trade as ex-farm egg prices increase

Trade at chicken farms in Bangkok’s Rom Sai-Bang Bon area was lacklustre today (Wednesday), the first day that the price of ex-farm chicken eggs increased by 20 satang to 3.40…

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What the weakening baht means for Thailand’s economy

The plunging value of the baht appears ominous and raises worrying questions about its impact on the Thai economy. On Friday (July 15), the baht fell to 36.73 to the US dollar, its…

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Thailand’s trade deficit for June amounts to 40 billion baht as currency weakens

Thailand’s trade deficit for the month of June was over 40 billion baht, partly due to a 19% increase in the value of imports, especially energy. The figure includes a…

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Image Credit: thaiairways.com

THAI seeks court approval for its revised rehabilitation plan

Thai Airways International submitted a petition to the Central Bankruptcy Court on July 1st, seeking to revise its rehabilitation plan, after the flag carrier improved its performance, with an expectation…

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Thai crypto market feels the pains of global meltdown

Cryptocurrency trading in Thailand has followed global trends and witnessed a steep plunge, as investors sell off financial assets, including equities and bonds. With many countries bogged down by high…

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Transport Ministry may postpone 2nd bid for Orange Line train project

Thailand’s Ministry of Transport may postpone the second round of bidding for the Orange Line train project, scheduled for July 27th, pending consultation with the Office of the Attorney-General (OAG)….

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PTT, Bangchak to cut petrol prices by 3 baht/litre from Friday

PTT Public Company and Bangchak Corporation have agreed to reduce the prices of benzine products at their gas stations by three baht per litre, in line with a drop in…

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Thai business magnate and senior chairman of CP Group, Dhanin Chearavanont, arrives at the Wat Thepsirin Buddhist temple in Bangkok for the funeral ceremony of Leicester City’s Thai owner and duty-free mogul Vichai Srivaddhanaprabha on November 3, 2018. – Vichai, 60, and four other people died in a horrific helicopter accident moments after they departed the Leicester City’s pitch a week ago, bringing an abrupt end to the fairytale life of Thailand’s fifth-richest man. (Photo by Lillian SUWANRUMPHA / AFP)

Chiaravanont clan tops Forbes Thailand’s rich list again this year

This year’s 10 richest families in Thailand were revealed by Forbes Asia today (Thursday), most of the rankings remain unchanged from last year. The richest family in Thailand are still…

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The severe fallout from the pandemic and the sudden collapse of the tourism industry — which accounts for about 20 percent of Thailand’s gross domestic product (GDP) — has weakened the baht, pushing it to a five-year low. (Photo by Kiratikorn Naksompop Blauw)

Baht’s current slide is a grim reminder of its crash 25 years ago 

On July 1, at some point during the day, the baht fell to 35.66 to the dollar, its weakest in five years. It closed at 35.63 at the end of…

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AIS to acquire stakes in two internet service providers

Advanced Info Service Plc (AIS) has announced its decision to acquire Triple T Broadband Plc (TTTBB) and invest in the Jasmine Broadband Internet Infrastructure Fund (JASIF) for a total of…

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Ray of Hope for Thai and Regional Traders

The COVID-19 pandemic has caused serious damage to economies around the world and even though the worst of the outbreaks appear to be over, countries are currently having to battle…

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Inflation poses biggest challenge to economic recovery

Low-income groups and small businesses are now getting squeezed by high inflation and potential interest rate hikes. The situation may make it necessary for the government to continue its support…

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International headwinds offset Thai economy’s gains

Despite the fast-rising inflation driven largely by food and energy costs, some economic research houses have recently revised upward or at least maintained their economic growth projections for Thailand for…

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Inflation hitting food manufacturers and food sellers hard

Inflation is taking a toll on food manufacturers and restaurant owners, forcing them to adapt to keep their businesses afloat even as consumers cut back on expenses. Soaring energy bills…

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Foreign actors to be exempt from paying income tax in Thailand

The Thai government has decided to waive personal income tax collection from foreign actors when working on films shot in Thailand in the next five years, in a fresh bid…

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Thai Army lifts boycott on Lazada online shopping platform

The Royal Thai Army (RTA) has lifted its boycott of online retail giant Lazada, imposed on May 9th following a sales promotional video uploaded to TikTok, which was deemed by…

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Should the BOT raise the policy rate and commercial banks by raising their lending and deposit rates, it would be a blow to borrowers, especially those with mortgage and car-hire purchase debt. (Photo by Jack TAYLOR / AFP)

How long can Thailand’s central bank swim against the tide?

The Bank of Thailand (BOT) has come under high pressure to react as domestic inflation has been climbing fast and other central banks, especially the US Federal Reserve (Fed), have…

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Court rejects petition to delay merger of DTAC and True

Thailand’s Central Administrative Court has dismissed a petition, seeking to put a hold an announcement by the National Broadcasting and Telecommunications Commission (NBTC) giving the green light to the merger…

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Closed Japanese restaurant voucher holders urged to file complaints

Customers who have pre-paid for buffet vouchers from the Japanese restaurant chain Daruma are being urged by a lawyer to file complaints with the Central Investigation Bureau at 3pm today…

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Studies show that, in the Asia Pacific region, one and a half years ago, the cost of an energy-sufficient diet was approaching one dollar per person per day. The cost of a healthy diet per person per day had exceeded 3.50 dollars. That makes healthy food unaffordable for many people when the poverty line is 2 dollars per day. (Photo by AFP)

Most important thing is to ensure no one is hungry

Food insecurity might not be an issue that many people in Thailand worry much about. The recent economic hardships from the impacts of COVID-19 and the conflict in Ukraine, which…

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Lottery vendors complain of unsold tickets after the launch of digital sales

Digital lottery ticket sales for the June 16th draw, by the Government Lottery Office, apparently adversely affected many lottery vendors, who found they had many unsold tickets yesterday, forcing some…

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Green Line could be a tough ride for Chadchart

Managing the controversial Skytrain Green Line shrewdly, bogged down as it is by controversies over high fares, court battle over debt and extension of concession, is going to be a…

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Rush to register cannabis and hemp cultivation overwhelms system

More than 100,000 people rushed to register to grow cannabis and hemp plants, through the Thai Food and Drug Administration’s (TFDA) website https://plookganja.fda.moph.go.th, and the “plookganja” application this morning (Thursday),…

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BMA authorised to manage troubled Green Line BTS train system – Interior Minister

The Bangkok Metropolitan Administration (BMA) has the full authority over the troubled Green Line train project, better known as the BTS system, including the controversial operating concession, fares and debts…

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Musk accuses Twitter of withholding data, says may withdraw bid

Elon Musk threatened Monday to withdraw his bid to buy Twitter, accusing it of failing to provide data on fake accounts, in the latest twist in the Tesla billionaire’s push to acquire the social network. Twitter has breached its “obligations…

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New Bangkok governor carries huge burden of expectations and promises

Pursuing an ambitious agenda, Chadchart Sittipunt, 56, is all set to become Bangkok’s first elected governor since the 2014 coup, after receiving a record-high mandate in the May 22 election….

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Thai government to sell ฿80 lottery tickets online to prevent overpricing

To prevent unscrupulous lottery vendors from taking advantage of consumers by overcharging for lottery tickets, sometimes by as much as 50 baht per ticket, Thailand’s Government Lottery Office (GLO) will…

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Top 3 trends at Thailand’s largest food exhibition underline the importance of sustainability

Sustainability, plant-based and clean label food products have dominated the THAIFEX-ANUGA ASIA 2022, Thailand’s top food exhibition and one of the region’s largest. No one was surprised to see that…

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Photo from AP

Cryptocurrency tax exempt for trades on approved exchanges until end of 2023

Investors who trade cryptocurrencies or digital tokens through properly registered exchanges will be entitled to a 7% VAT exemption on the transfer of the digital assets, retroactively from April 1st…

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Residential market remains fragile while housing prices to increase slightly

Thailand’s residential market is still facing several challenges that will prevent it from making a full recovery in the short term. Research indicates that such unfavorable factors as the pandemic…

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Thailand to begin talks on Indo-Pacific Economic Framework

The Cabinet has decided to join talks on the US’s newly proposed multilateral trade agreement, known as the Indo-Pacific Economic Framework for Prosperity (IPEF). According to the Thai government’s website,…

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Saudi Arabia to sell fertiliser to Thailand

Saudi Arabia has responded positively to Thailand’s request to buy fertiliser from the desert kingdom, to ease the shortage in the country, said Sanan Angubolkul, chairman of the Thai Chamber…

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Thailand’s Finance Ministry considers launch of new co-payment scheme phase

The Finance Ministry is now working on a possible launch of a 5th phase of the 50:50 co-payment scheme, aimed at easingthe financial burden of the rising cost of living….

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Court rejects call to shut down Mungkornfa platform amid lottery overpricing

The Criminal Court dismissed a petition from the Ministry of Digital Economy and Society (DES) today (Thursday) seeking to shut down websites run by the Mungkornfa online lottery platform, amid…

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Then U.S. President Donald Trump and Elon Musk are seen at the Firing Room Four after the launch of a SpaceX Falcon 9 rocket and Crew Dragon spacecraft on NASA’s SpaceX Demo-2 mission to the International Space Station from NASA’s Kennedy Space Center in Cape Canaveral, Florida, U.S. May 30, 2020. REUTERS/Jonathan Ernst

Musk says he would reverse Twitter ban on Donald Trump

(Reuters) – Billionaire Elon Musk said on Tuesday he would reverse Twitter‘s ban on former U.S. President Donald Trump when he buys the social media platform, the clearest signal yet of Musk‘s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of electric vehicle maker Tesla Inc, has…

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Is the gulf between crypto believers and skeptics unbridgeable?

Trading in cryptocurrencies has come under high pressure recently. The value of bitcoin, the most popular cryptocurrency among traders overseas and in Thailand, slumped to US$36,040.92 per bitcoin on May…

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Bitkub Online fined ฿15m over KUB’s listing violation

Thailand’s Securities and Exchange Commission (SEC) has announced the imposition of a 15-million-baht fine on Bitkub Online (BO) and five members of the company’s digital assets selection committee for violating…

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Social security for informal sector labour a pressing national priority

As we approach another Labour Day on May 1, many economists believe one of the priorities for the government is to expand social security so as to cover all workers…

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Thailand’s National Economic and Social Development Council foresees both potential and constraints in developing the metaverse business model in Thailand. It has outlined key points for consideration. (Photo by Martin Sanchez)

Is metaverse the way forward for Thailand?

Thailand has been setting its sights on the digital economy to serve as a new growth engine amid a slowdown in growth in the past several years since the 2014…

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A customer looks at shelves of food as people gathered to shop amid concerns over the COVID-19 coronavirus at a supermarket in Bangkok on March 16, 2020. (Photo by Jack TAYLOR / AFP)

Many consumer products in Thailand about to increase in price

Consumers in Thailand will be feeling the pinch of rising prices of a wide range of products, from instant coffee, cooking oil and instant noodles to condensed milk, shampoo and…

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Truckers rally in Bangkok seeking to keep diesel at ฿30 per litre

Truckers rallied in front of Government House today (Wednesday), demanding that the government extend the measures to keep diesel prices at 30 baht per litre, which are due to expire…

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Elon Musk’s twitter account is seen on a smartphone in front of the Twitter logo in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

From weed joke to agreed deal: Inside Musk’s $44 bln Twitter buyout

April 26 (Reuters) – Twitter Inc. and its advisers were not sure at first how seriously to take him. Elon Musk’s $54.20-per-share offer price for the social media company on…

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Tesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. 1, 2020. (Hannibal Hanschke/Pool Photo via AP, File)

Elon Musk buys Twitter for $44B and will take it private

Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he —…

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Amid sluggish economy, budget poses huge challenge to government

Unfavorable economic conditions are likely to pose tough challenges for current and future governments in managing the annual budget. The Prayut Chan-o-cha government plans to spend Bt3.185 trillion in fiscal…

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Extended families are no longer the norm in Thai society. Gone are the days when elderly parents can simply wait for aid from their grown-up children. (Photo by Danie Franco)

Fairly large nest egg needed to retire comfortably in Thailand

Unlike previous generations, people entering their senior years now and in the future will likely need to save a substantial sum of money for their retirement. Without savings, they risk…

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Thailand’s banks try to find their feet in fast-changing world

Thailand’s banking industry has waded through many economic crises in the last few decades, the latest being the COVID-19 pandemic. Despite their preparedness, new risks and challenges continue to test the…

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Fifty tonnes of unripe durian due for export impounded by Thai authorities

Thai agricultural officials impounded about 50 tonnes of durian at an export warehouse, in the eastern province of Chanthaburi province yesterday (Monday), after they found much of the fruit was…

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Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington, Monday, March 9, 2020. (AP Photo/Susan Walsh, File)

Suddenly, Twitter’s biggest stakeholder is Tesla’s Elon Musk

Tesla CEO Elon Musk has acquired a 9% stake in Twitter to become its largest shareholder while joining other critics in questioning the social media platform’s dedication to free speech…

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Loss-ridden insurance providers get licenses revoked after massive COVID claims

Thailand’s Finance Minister Arkhom Termpittayapaisith has revoked the business licenses of two financially-troubled Thai insurance companies, Southeast Insurance and Thai Insurance, effective today (Friday), following a massive amount of COVID-19…

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Zacary Egea, a former member of the Bolivarian National Police, shows his mobile while checking the status of his plant while playing the Plant Vs Undead video game in the Cuaricuao neighborhood in the Libertador municipality of Caracas on September 10, 2021. – According to a study by several universities, 96% of the population lives in poverty so video games that involve non-fungible tokens (NFTs) have unleashed a boom among the population that dreams with having a plant (Plant Vs Undead) that allows them to earn a bitcoin to get out of poverty. (Photo by Yuri CORTEZ / AFP)

Digital assets stare at uncertain future in Thailand as regulators clip their wings

Ending weeks of speculation, the Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC) on March 24 put in place new regulations governing the digital assets business, effectively…

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Thailand ships chicken products to Saudi Arabia for the first time since 2004

Thailand shipped the first consignment of chicken products to Saudi Arabia in 18 years on Monday, as diplomatic relations between the two countries are gradually restored following three decades of…

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How Klong Dan project gushed from pollution solution to corruption torrent to expensive lesson

The controversial Klong Dan wastewater treatment project has made headlines at regular intervals over the past three decades. News reports initially described the plant as a solution to water pollution,…

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A person uses a cell phone to pay with Bitcoins during the Latin Bitcoin conference (LABITCONF) in San Salvador, on November 18, 2021. (Photo by Sthanly ESTRADA / AFP)

Bank subsidiaries’ investments in digital assets to be capped at 3% of capital

The Bank of Thailand (BoT) is to issue a new regulation to limit investment in digital assets by business units of commercial banks to no more than 3% of their…

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In the third quarter of last year, household debt rose 4.2 percent year on year to Bt14.35 trillion, equivalent to 89.3 percent of gross domestic product (GDP), according to the National Economic and Social Development Council. (Photo by Towfiqu barbhuiya)

Thailand trapped in a household debt quagmire

Most Thai households have been bogged down by high debt even before COVID-19 struck in early 2020.  For many years, the average Thai worker has been struggling to make ends…

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Thailand to bar use of digital assets for payments for goods, services from April

Thailand’s Securities and Exchange Commission (SEC) has issued a set of regulations to be applied to digital assets operators, which take effect on April 1st, barring them from using digital…

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Cheap accommodation on Samui arranged for stranded Russian, Ukrainian tourists

Low-cost accommodation on Samui Island has been arranged for the many Russian and Ukrainian tourists stranded in Thailand due to the war in Ukraine. Up to 30 rooms at a…

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Thailand’s liquor vendors want 2-5pm alcohol sales ban revoked

Sixteen entertainment establishments are calling on the government to scrap a law, introduced by a military junta in 1972, which bans the sale of alcoholic beverages between 2pm and 5pm….

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Thailand’s housing prices expected to rise by 5-8 percent in April

House buyers are being warned that they may have to pay an additional 5-8% next month because of rising construction costs, driven by the conflict in Ukraine which has spurred…

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Alcohol may be served until 11pm at events in Bangkok from Tuesday

The Bangkok Metropolitan Administration (BMA) has announced the further easing of COVID-19 restrictions. Meetings, conferences and events can now be held in hotels, convention and exhibition centres and shopping malls…

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Photo courtesy of https://www.bumrungrad.com/

Bangkok’s Bumrungrad Hospital ranked country’s best in global survey

Bumrungrad International Hospital has been ranked Thailand’s best hospital, as listed in the World’s Best Hospitals 2022 by Newsweek magazine. The survey is based on data collected from over 80,000…

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File photo: A traditional Thai statue wears a face mask as a campaign for travellers to prevent the spread of Covid-19 coronavirus at the departure terminal of Suvarnabhumi International Airport in Bangkok before the new year last year. Jack TAYLOR / AFP

Russian tourist arrivals fall dramatically, many already stranded in Thailand

The number of Russian tourist arrivals in Phuket has decreased by 75%, while 3,000 Russian tourists are stranded on the resort island due to the international sanctions being imposed on…

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Thailand’s Prime Minister Prayut Chan-O-Cha attends a news conference with his Malaysian counterpart Ismail Sabri Yaakob at the Government House in Bangkok on February 25, 2022. (Photo by Jack TAYLOR / AFP)

Tightrope walk for Thai government as Ukraine invasion brings new challenges

The reverberations from Russia’s invasion of Ukraine are being felt around the globe. The war itself has severely disrupted the production and export of oil, gas, fertilizers, as well as…

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Minor SRT official credited with granting of retrial in long-running Hopewell saga

The Thai Prime Minister’s advisor Pirapan Salirathavibhaga, recently in charge of the three-decade-long Hopewell saga, which is a case between the Thai government on one side and Hopewell (Thailand) on…

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The average Thai family has only 1.3 children while it should have two or more, but many factors are behind the sliding birth rate, such as the modern lifestyle, the choice to remain single, or couples choosing not to have children. (Photo by Lillian SUWANRUMPHA / AFP)

Slumping birth rate poses urgent policy challenges for government

Thailand’s sliding birth rate, which hit a record low last year, is ringing alarm bells in the corridors of government. The long-term socioeconomic consequences of this phenomenon are being fully…

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Boeing aims to nearly double 737 MAX production by end-2023

SEATTLE/PARIS, March 4 (Reuters) – Boeing Co has preliminary plans to boost production of its cash cow 737-family narrowbody to around 47 per month by the end of next year,…

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A 3D printed oil pump jack is seen in front of displayed stock graph and “Oil Stocks” words in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/Files

Crude jumps, stocks slip, rouble crashes to record low on tough Russian sanctions

TOKYO, Feb 28 (Reuters) – Crude oil jumped while the rouble plunged nearly 30% to a record low on Monday after Western nations imposed tough new sanctions on Russia for…

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Prolonged Russia-Ukraine war could derail Thai economic recovery

The impact on Thailand’s economy from the Russia-Ukraine conflict will depend on how long the hostilities go on and whether they will escalate, economic observers have noted. In response to…

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Digital tokens to fund production of Thailand’s “Love Destiny 2” movie

Fans of all ages of the “Bupphesanniwat” (Love Destiny) hit TV series four years ago may get the chance to see the long-awaited “Bupphesanniwat 2” movie, as the Kubix Digital…

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Chatchai Payuhanaveechai as a Government Savings Bank (GSB) president in 2020.

Is Palang Pracharath roping in GSB ex-chief to buttress its economic team?

The government’s stumbles in tackling the economic problems that plagued the country due to the COVID-19 pandemic appears to have forced the ruling Palang Pracharath Party to reshuffle its economic team…

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Is a cheaper fare the solution to Bangkok’s Green Line standoff?

The ongoing conflict in the coalition government over whether to grant Bangkok Mass Transit System Plc (BTSC) extension of its BTS Skytrain concession has left many people frustrated. There is…

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Critics have complained for years that the Thai liquor market is monopolized by a handful of giant producers because Thai laws favor big investors. (Photo by YesMore Content on Unsplash)

Will new bill finally pop the cap on Thailand’s booze oligopoly?

Widely dubbed the “Progressive Liquor Bill”, a new draft law on excise tax is tipped to revolutionize Thailand’s alcohol industry if it sails through Parliament untouched. Thailand’s booze market is…

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Flower power takes a knock ahead Valentine’s Day

The Covid-19 pandemic and a slow economic recovery is set to make the Day of Love more expensive this year, posing a challenge for florists and gift shops in the…

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Thai business delegation to visit Saudi Arabia on Feb 26th to explore trade expansion

Thai business delegation to visit Saudi Arabia on Feb 26th to explore trade expansion

A high-level Thai business delegation will visit Saudi Arabia on February 26th, the first in many years, to promote trade and business between the two countries. Sanan Angubolkul, president of…

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The crypto tax will cover five sources of gains: sales or exchange of digital assets, crypto mining, receiving crypto as wages, getting digital assets as gifts or rewards, and benefits or investment returns from holding crypto and digital tokens. (Photo by olieman.eth)

The taxman comes calling for crypto investors

Investors are worried about their tax liability and the method of calculation after the Revenue Department issued on January 31 tax guidelines for individuals engaging in crypto and digital token…

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In this photo provided by the New York Stock Exchange, trader Michael Urkonis works on the floor, Thursday, Feb. 3, 2022. Stocks fell on Wall Street Thursday as Facebook parent company Meta plunged 26%, erasing more than $220 billion in market value, the largest drop in history. (Allie Joseph/New York Stock Exchange via AP)

A plunge in Facebook’s parent company weighs on tech stocks

A historic plunge in the stock price of Facebook’s parent company helped yank other tech stocks lower on Wall Street Thursday, abruptly ending a four-day winning streak for the market….

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New livestream business model sparks fierce debate, backlash

Doing business these days may not require capital investment or inventories for some traders, just a smartphone and persuasive talking skills. Take for example this garment trader, Wiranya Panda. She…

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Wordle, a word game played on mobile phones and tablets. REUTERS/Andrew Boyers/Illustration

Wordle buyout by New York Times draws backlash from fans

Feb 1 (Reuters) – The New York Times Co’s acquisition of Wordle has created uproar on social media, with fans expressing fears that the popular online word game, which is…

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Thailand restores quarantine-free entry – and this time the whole world is invited

From February 1, Thailand will fling its doors wide open to foreigners from every corner of the world, offering quarantine-free entry for those who are fully vaccinated and test negative…

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Experts play down expectations of rapid economic gains from Thai-Saudi diplomatic ties

The Thai government has claimed that the restoration of diplomatic relations with Saudi Arabia after 30 years will bring great benefits to the economy.  Several sectors, such as tourism, labour,…

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(FILES) In this file photo taken on July 19, 2021 this illustration photograph shows a physical banknote and coin imitations of the Bitcoin crypto currency, in Istanbul. – Bitcoin slid below $40,000 on January 10, 2022, falling to its lowest level since the end of September as the world’s leading cryptocurrency showed no end to its volatility. Bitcoin dropped to $39,663.18, having soared to a record high of over $66,000 in October. (Photo by Ozan KOSE / AFP)

Thai Revenue Department says no withholding tax on trade in cryptocurrencies

The Revenue Department has agreed to do away with the proposed 15% withholding tax, which was to be imposed on digital asset trades, and to allow losses to be deducted…

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AirAsia Airbus planes sit on the tarmac at a terminal in Sepang, Malaysia, Monday, Nov. 15, 2021. Malaysia’s AirAsia Group said Friday, Jan. 28, 2022, it has officially changed the name of its listed holding company to Capital A to reflect the diversity of its business portfolio as it seeks to grow its non-airline revenue. (AP Photo/Vincent Thian)

AirAsia renamed Capital A to show it’s more than an airline

KUALA LUMPUR, Malaysia (AP) — Malaysia’s AirAsia Group said Friday it has changed the name of its listed holding company to Capital A to reflect the diversity of its business…

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Former staff of fallen COVID insurer rally to demand overdue payments

A group of former employees of the now-defunct “The One Insurance” company rallied in front of Thailand’s Office of the Insurance Commission (OIC) since this morning (Thursday) to demand their…

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Ailing Thai insurance company confirms it is still operating

A major insurance company struggling with massive losses over COVID-19 compensations clarified today (Thursday) that it is still operating as usual, amid widespread concern among its clients, but insisted that…

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Thailand’s Civil Court launches its new e-commerce department on Thursday

A new department in the Civil Court, exclusively to handle online trade and e-commerce cases, was formally opened today to receive complaints from members of the public. Shopping online has…

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Regulator says insurer suffering massive loss over COVID claims cannot close down yet

Thailand’s Office of Insurance Commission (OIC) said that the financially-troubled Southeast Insurance Company cannot just shut down, as it has to receive a permission from the OIC first, amid concern…

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Tesla forecasts 2022 growth above 50%, despite supply chain challenges

Tesla Inc on Wednesday forecast vehicle deliveries would comfortably grow by more than 50% year-over-year in 2022 despite persistent supply chain issues that it expects to be alleviated only next…

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