Transport Minister Suriya Juangroongruangkit has insisted that, by September next year, the maximum fare on all electric train services in Bangkok and its vicinity will be capped at 20 baht….
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Transport Minister Suriya Juangroongruangkit has insisted that, by September next year, the maximum fare on all electric train services in Bangkok and its vicinity will be capped at 20 baht….
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The Tourism Authority of Thailand (TAT) claims that the “Maha Songkran World Water Festival 2024”, held at Sanam Luang and Ratchadamnoen Avenue between April 11th and 15th, was a great…
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Thailand sees a prospect of increasing Thai rice’s market share in the Philippines, as the country is expected to import about 4.1 million tonnes, an increase of about 200,000 tonnes,…
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The labour union of the Bank of Agriculture and Agricultural Cooperatives (BAAC) has voiced opposition to the government’s plan to borrow about 172 billion baht from the bank to fund…
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The Thai government may find itself bearing a higher cost of borrowing due to unfavorable conditions in the local debt market. More 34.3 billion baht of capital has flown out…
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After months of delay, Prime Minister Srettha Thavisin announced the official launch of the “digital wallet” scheme today, saying that the estimated 50 million Thai citizens aged 16 and older…
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Prime Minister Srettha Thavisin reiterated today that the “digital wallet” scheme will go ahead as planned and that about 50 million eligible people will receive the Bt10,000 state benefit in…
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Hotels rooms in Chiang Mai are currently about 70% booked, many of them by foreign tourists, despite the worsening PM2.5 problem, according to Patsin Sawetrat, director of the Tourism Authority…
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The Fuel Fund’s executive committee decided on Friday to increase diesel price by 50 satang to 30.44 baht per litre, effective tomorrow, according to Wisak Watanasap, director of the Office…
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The global diesel price jump of US$2.74/barrel in a single day yesterday has caused serious concern at the Energy Mnistry, to the extent that it may have to allow domestic…
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Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has maintained the economic growth projection for 2024 for Thailand at 2.8%-3.3% as it urges the government to cut interest rates,…
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The Cabinet endorsed the wage committee’s proposal today for an increase in minimum wage, to 400 baht/day, for employees of 4-star hotels in specific areas of 10 tourist provinces, effective…
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As Thailand desperately seeks solutions for PM 2.5 pollution and the rising amount of garbage, Finland has offered its expertise in the circular economy to support Thailand with its know-how…
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Since Srettha Thavisin formed the new coalition government in August last year, the prime minister’s additional role as the finance minister has faded into the background. In the past six…
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This Monday marks one month since the visa exemption agreement between Thailand and China took effect. According to Vichai Mongkolchaichawan, the vice president of the Thai-Chinese Chamber of Commerce, the…
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The first Cabinet reshuffle of the Srettha Thavisin government is expected to take place after the close of the current Parliamentary session on April 9. Among the frontrunners for the…
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Prime Minister Srettha Thavisin said today that there will be good news about the digital wallet scheme announced on April 10. Chairing a meeting today to discuss the scheme, he…
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What difference can virtual banks make in a financial market where depositors are not happy with the low interest rates offered by commercial banks while borrowers are fretting about higher…
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While Thailand aims to improve its economic performance, to be that of a high-income country by 2037, the government needs to overcome several major issues. A policy ensuring climate-resilient development…
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The Supreme Administrative Court has overturned the lower Administrative Court’s ruling by ordering it to accept for consideration the petition by five consumers, seeking the revocation of the telecom regulator’s…
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About 50 million Thai people, who are eligible to receive the 10,000 baht benefit under the digital wallet scheme, will receive the payments within the fourth quarter of this year,…
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No less than four draft laws on alcohol control will soon go before Parliament, but none appear to contain a middle path that will satisfy everyone. Two drafts, one proposed…
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Chairman of the Thailand Development Research Institute (TDRI), Dr. Somkiat Tangkitvanich, has advised the government not to interfere with the Bank of Thailand over the policy interest rate, warning that…
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Dubbed the “New Chinatown” of Bangkok, Pracharat Bamphen Road, dotted with Chinese hot pot restaurants and shops, is seeing sluggish trade and the closure of several mala or shabu restaurants….
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The Electricity Generating Authority of Thailand (EGAT) is to propose that the government changes the recalculation of the fuel tariff (FT) on electricity from every four months to once a…
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The Bank of Thailand started accepting applications for the opening of virtual banks in Thailand today, from companies or other business entities which have registered in advance. More than 200…
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Thailand’s economic growth forecast for 2024 is 2.6%. This is a reduction from 3.2%, as earlier projected, due to the fragile economic recovery, a slowdown in private investment, the weak…
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The crisis of high household debt is casting a dark shadow over Thai society: over a million people are on the edge of bankruptcy, some have committed suicide or crimes,…
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The Government Lottery Office (GLO) is set to launch the sale of digital lottery tickets through registered lottery dealers on March 17th, to provide buyers with another channel through which…
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Thailand’s six domestic airlines have sought permission from the Civil Aviation Authority of Thailand (CAAT) to add 104 flights to their schedules during the “Grand Songkran Festival”, to cope with…
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Thailand wants Hong Kong business operators to use Thailand as their trade and investment centre in the Southeast Asian region and to support Thailand’s efforts to develop its soft power…
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Thailand has partnered with the International Labour Organization (ILO) in a groundbreaking initiative to enhance positive work conditions. The newly signed four-year Decent Work Country Programme (DWCP) aims to improve…
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A Thai business delegation, comprising business leaders in the education, food, manufacturing and agricultural industries, has been impressed by the vibrancy and infrastructural projects in East Java, Indonesia. The lack…
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Energy Minister Pirapan Salirathavibhaga offered an assurance today that electricity charges for May-August will not be higher than they are now, as the Energy Regulatory Commission (ERC) is holding an…
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From May 1st, Thai commercial banks will charge their customers a 1% Dynamic Currency Conversion (DCC) fee for making cash withdrawals abroad. A similar fee will also be levied on…
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Most Thai industrialists admit that their businesses have been affected by the imports of cheap and substandard products, particularly electrical appliances, food, textiles, cosmetics and garments, according to the latest…
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In an exclusive interview with Thai PBS World, Bank of Thailand governor Sethaput Suthiwartnarueput talks to Suthichai Yoon about the Thai economy and interest rate policy. The central bank governor…
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Thai tourists are excited at the permanent visa-free agreement signed by Thailand and China, which would make travel for citizens of both countries easy, with large-scale implications for tourism. Chairat…
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The State Railway of Thailand will begin the construction of a station for the Thai-Chinese high-speed train project in Ayutthaya province this month, in parallel with the laying of the…
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TikTok, the online video-sharing platform, has become the most popular online shopping platform among Thais aged up to 29, according to a survey conducted by the Trade Policy and Strategy…
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The Bank of Thailand has issued a temporary measure allowing state-run banks of the Assets Management Company to establish joint asset management entities, to address the non-performing loans (NPLs) of…
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The tri-partite Wage Committee has approved, by a vote of 7:5, a new formula for the calculation of minimum wages, which is tentatively expected to come into force in April,…
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Exports are bringing cheer to Thailand’s gloomy economy, growing 10 per cent year on year in January, the highest in 19 months. The January results marked six consecutive months of export…
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The State Railway of Thailand (SRT) has agreed to adjust the design of a section of the Thai-Chinese high-speed train project, in response to complaints from people in Nakhon Ratchasima…
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The National Credit Bureau has raised the alarm over the prospect of about 610 billion baht in housing loans becoming bad debts, as it urges the government to come to…
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Thailand’s Cane and Sugar Board will propose that the government increases the incentives for sugarcane growers not to burn it before harvesting. Virit Viseshsindhu, secretary-general of the board, said that…
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Thailand and Kazakhstan are expected to sign a memorandum of understanding (MoU) in April to permanently exempt Thai and Kazakh citizens from requiring pre-travel visas for travel to each other’s…
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Thai exports have risen for six straight months, with export value for January increasing by 10%, to US$22.6 billion, while imports went up by 2.6%, to US$25.4 billion, resulting in…
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Thailand’s household debt remains worryingly high at almost 91 per cent of gross domestic product (GDP) as of the third quarter of last year, due largely to a debt overhang…
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Residents living around Thailand’s only commercial potash mine warn that Prime Minister Srettha Thavisin’s plan to transform the country into a leading potash producer risks inflicting devastating environmental impacts in…
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The Electric Vehicle Board has agreed to promote the use of commercial electric vehicles in Thailand, such as truck or buses, by making the purchase price tax deductible, according to…
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Thai Airways International has entered into a deal to acquire a fleet of 45 Boeing 787 Dreamliner aircraft, plus an option on another 80, with the deal also offering the…
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Prime Minister Srettha Thavisin has urged the Monetary Policy Committee (MPC) to call a special meeting to review its decision to maintain the policy rate at 2.5%, without waiting until…
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The National Economic and Social Development Council (NESDC) has urged the Bank of Thailand to review its policy rate, cut the credit card interest rate, from 8% to 5%, and…
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Foreign investors are reluctant to invest in the Eastern Economic Corridor (EEC) because of delays in some major infrastructure projects, among them the high-speed train linking U-Tapao, Suvarnabhumi and Don…
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The 5:2 vote by the Thai central bank’s Monetary Policy Committee (MPC) to hold the key policy rate at 2.50 per cent is a hint of an impending rate cut at…
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The Thai private sector should brace for a global economic reset, amidst the uncertainty over geo politics and the changing political landscape, which will lead to a multi-polar world order…
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Prime Minister Srettha Thavisin has reiterated the government’s determination to resolve formal and informal debt problems within the 4-year term of his administration. He said that the progress in tackling…
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Thailand’s biggest economic challenge is that its economy has been growing at slower pace, about 3% per annum, than Malaysia and China, at about 5% annually, because it lacks the…
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Valentine’s Day is expected to cost consumers more this year as inflation remains sticky. Yet despite the economic doldrums, they are planning to celebrate the official day of love with…
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A new UN report claims that, between 2001 and 2021, 30% of outspoken Thai activists experienced violence resulting in a loss of life, by the businesses against which they had…
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The Thai government’s controversial plan to raise 500 billion baht through an off-budget loan for the digital wallet scheme has run into another roadblock. The National Anti-Corruption Commission (NACC) recently…
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The Thai government is expected to announce new measures today to solve the debt problems of Thai people, after it was revealed that, by the end of last year, household…
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ASEAN and China are reported to have made substantial progress in the 5th round of the ASEAN-China free trade agreement (ACFTA) upgrade negotiations held between January 29th and February 2nd…
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The National Anti-Corruption Commission (NACC), has not approved or rejected the government’s beleaguered “digital wallet” scheme, but has expressed concerns that it may fall foul of the Constitution and fiscal…
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Thai society was shocked when well-known serial petitioner Srisuwan Janya, who has been a thorn in the flesh of the powers that be for years, was arrested on January 28…
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Thailand’s consumer price index has dropped for four months in a row, to 106.98 points in January this year, which is the lowest since February 2021, said Poonpong Naiyanapakorn, director…
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Prime Minister Srettha Thavisin said that the dumping of cheap Chinese-made elephant pants in the Thai market is a normal and opportunistic trade practice that should serve a lesson for…
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Thailand and Sri Lanka signed a free trade agreement (FTA) and more in Colombo yesterday, aimed at boosting bilateral trade. Prime Minister Srettha, who was in Sri Lanka to witness…
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The government claims an advantageous outcome of job creation and economic growth for the 1-trillion-baht land bridge project, which connects the Gulf of Thailand and Andaman Sea, but foreign investors…
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The Asian Infrastructure Investment Bank (AIIB) is interested in the huge land bridge project in southern Thailand, from an investment perspective, and in educational development, Prime Minister Srettha Thavisin said…
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The Thai government is grappling with a dilemma on how to deal with an unresolved maritime border issue with Cambodia amid political pressure at home, while also pursuing joint development of…
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Pheu Thai leader Paetongtarn Shinawatra has stated that, at this hour, Srettha Thavisin is the right man to lead Thailand. In an exclusive interview with Nikkei Asia last Friday, Paetongtarn…
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Budgetary provisions are under scrutiny as Thailand’s House of Representatives is currently in the process of vetting the much-delayed budget bill for fiscal 2024. The total outlay is 3.48 trillion…
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The government must think laterally and ahead, otherwise Thailand will become bogged down and will not move forward. This has been the case over the past ten years and the…
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The story about a large Chinese family in Henan paying US$140 (about 5,000 baht) a day to stay in a hotel suite for over 200 days rather than buy a…
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34.66% of respondents to NIDA Poll suggest that the government should scrap the digital wallet scheme, to distribute 10,000 baht to most Thai nationals 16 or older, and 68.85% say…
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The Soft Power Strategy Committee is to request about 270 million baht from the government for the promotion of this year’s Songkran Festival, in an attempt to make it part…
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Industry leaders are expressing optimism for 2024 even though Thailand’s tourism industry has not fully recovered to pre-pandemic levels either in terms of foreign tourist arrivals or revenues. Indications that…
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Thailand’s household debt is expected to soar to 16.9 trillion baht, or 91.4% of GDP, by the end of this year, with the value of non-performing loans (NPLs) in the…
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Thailand’s economic growth this year is expected to be about 2.8%, largely due to increasing exports and tourism. This compares favourably against 1.8% GDP growth last year, according to Pornchai…
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The Tourism Authority of Thailand (TAT) has predicted that almost a million foreign tourists will visit the kingdom during the Chinese New Year festival, which runs from February 8th to…
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Thailand’s central bank chief, under fire from the prime minister for not cutting rates, said slower-than-expected economic growth was not a crisis as portrayed by the government, nor would it…
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Prime Minister Srettha Thavisin offered his assurance to multiple groups opposing the land bridge mega project, saying that the feasibility study covers all aspects of the project, related industries and…
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The idea of a land bridge connecting the Gulf of Thailand and the Andaman Sea has been in the pipeline for a few years. Former transport minister Saksayam Chidchob had…
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Prime Minister Srettha Thavisin said yesterday Thailand should not continue to use low labour cost as an incentive to draw foreign investments and urged ASEAN countries to work together to…
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Thai Prime Minister Srettha Thavisin has kept Thais well-informed about his activities in Switzerland through numerous messages on his X account. He left Thailand for Davos to attend the World…
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Deputy Finance Minister Julapun Amornvivat admitted for the first time today that the launch of the digital wallet scheme, which was set for May, will be delayed. He vowed, nonetheless,…
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The cabinet agreed today to cut the excise tax on diesel by one baht per litre for three months, effective January 20 until April 19. Deputy Finance Minister Julapun Amornvivat…
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The cabinet agreed today to extend state price controls on five products until June 29, said Government spokesman Chai Wacharonke. The products are face masks, synthetic yarn (used in the…
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The Digital Wallet Committee has postponed today’s planned meeting, pending delivery of the National Anti-Corruption Commission’s (NACC) opinion on the scheme, Commerce Minister Phumtham Wechayachai said today. The secretary general…
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The Bank of Thailand has defended the recent decision by the Monetary Policy Committee to maintain the policy rate at 2.50%, claiming that the decision was based on the principle…
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Commerce Minister Phumtham Wechayachai will lead a trade delegation to the United States from January 17th to 22nd, in an attempt to expand the US market for Thai products. During…
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The number of people using the two extensions of BTS Green Line train service has dropped by about 20.5%, from 340,000 to 270,000 a day, since the Bangkok Metropolitan Administration…
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The Ministry of Interior, via the Provincial Administration Department, will begin nationwide informal debt mediations, as part of the “debt solving market place” program, at provincial halls and municipal offices…
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Prime Minister Srettha Thavisin has floated the idea of weekly meeting with Bank of Thailand Governor Sethaput Suthiwartnarueput, after both of them met at Government House yesterday to discuss the…
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Energy Regulatory Commission (ERC) has set the fuel tariff (FT) surcharge on electricity, for the January through April period, at 39.72 satang per unit and the electricity unit price at…
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The National Soft Power Strategy Committee has recognised 11 sectors and activities for promotion as elements of Thailand’s soft power. It has also approved a 3 billion baht budget to…
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The government has launched tax breaks to encourage consumer spending this year, in a bid to stimulate the economy. But will it work and who is going to benefit? From…
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The Council of State says the government can proceed with promulgating a loan bill to borrow Bt500 billion to fund the digital wallet scheme, Deputy Finance Minister Julapun Amornvivat said…
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