The cabinet is to consider four measures, proposed by the Energy Ministry, to help low-income earners, small and medium-sized enterprises weather economic hardship, weighed down by COVID-19. Endorsed by the…
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(Photo) Facebook/Finance Minister Uttama Savanayana
Thailand’s economic ministers approved the Finance Ministry’s economic stimulus package today. The measures include a 1,000 baht cash handout for two consecutive months, to be wired directly into the bank…
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The Internal Trade Department’s mobile retail outlets, offering face masks at bargain prices, were overwhelmed with customers who formed long lines at each of the 21 locations in Bangkok where…
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The OPEC club of oil-producing countries meets Thursday in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the…
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Thailand’s Finance Ministry will adjust the country’s growth rate projection for 2020 in April in the wake of several negative factors, including COVID-19 outbreaks in several countries, which have started…
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Thailand’s telecom regulator, the National Broadcasting and Telecommunications Commission (NBTC), raked in over 100 billion baht from its auctions today of 48 licenses for 5G frequencies in the 700MHz, 2600MHz…
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“Dream Town”, a mix of tradition and modern technology, in Hangzhou is designed to rival the US Silicon Valley.
The current coronavirus outbreak which has claimed more than 1,300 lives in China so far has certainly diverted attention from what Beijing wants the world to appreciate – the advances…
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FILE – In this Jan. 29, 2020, file photo, a shopper walks in a street market aimed for Chinese tourists in Bangkok, Thailand. The outbreak of new virus centered on the Chinese city of Wuhan is giving global business chills. Thailand’s central bank cut its benchmark interest rate to 1% from 1.25% on Wednesday to help the economy weather a series of setbacks, most lately the virus outbreak in China that has devastated its tourism sector. (AP Photo/Gemunu Amarasinghe, File)
BANGKOK (AP) — Central banks in the Philippines and Thailand have cut their benchmark interest rates as China’s neighbors seek ways to soften the impact of measures to contain a…
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Britain’s Foreign Secretary Dominic Raab, left, and Australian Foreign Minister Marise Payne pose for photographs ahead of a bilateral meeting at Parliament House in Canberra, Thursday, Feb. 6, 2020. (Lukas Coch/Pool Photo via AP)
CANBERRA, Australia (AP) — British Foreign Secretary Dominic Raab made his first overseas trip since Brexit on Thursday to faraway Australia, where he reaffirmed Britain’s desire for a free trade…
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The Monetary Policy Committee of the Bank of Thailand has voted unanimously to cut the policy rate by 25 basis points to 1%, which is the lowest in 20 years….
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About 500 employees of a company in Thailand’s western province of Kanchanaburi were abruptly notified by the management on Friday that they are being laid off, due to a shortage…
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Though a drastic drop in Chinese tourists to Thailand as a result of the coronavirus outbreak means a fall in tourism revenue, long-term relationship between Thailand and China is more…
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The Thai Government is set to roll out a new economic stimulus package, including another phase of the Chim-Shop-Chai (Eat-Shop-Spend) program, to stimulate domestic spending and investment by businesses in…
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The Industrial confidence index for December 2019 dropped to 91.7, from 92.3 the previous month, due to industrial operators’ concerns over domestic purchasing power and this year’s drought, which is…
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BEIJING (Reuters) – China reported four more cases of pneumonia believed to be caused by a new coronavirus strain, causing rising concern globally that a disease health officials do not…
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A farmer examines his melon plants
Suwit Traichok, a 60-year-old melon producer, was the pioneer of Thailand’s young smart farmers. Despite having a promising career and a decent salary in a well-established organization, Thai Airways International,…
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Investors are buying gold in short-term speculation that gold prices will rise further, due to the escalation of tensions between Iran and the United States, following the killing of General…
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Thailand’s Ministry of Energy has opened a ‘war room’ ahead of any escalation in tensions between the US and Iran, which may impact Thailand’s oil imports from the Middle East….
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The Office of Trade Policy and Strategy is will propose, to the Joint Public-Private Sectors Committee in mid-January, export value targets for this year in order to achieve the economic growth…
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The Bank of Thailand has played down the steady appreciation of the Thai baht currency, which strengthened to under ฿30 against the US greenback on Monday. Mr. Methi Supapong, the…
Read MoreMany people think that Halal are Islamic requirements related to food, but Halal covers much more than that. Halal products are in very high demand worldwide, including cosmetics, pharmaceuticals, and…
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Thailand’s economy is likely to increase around 2.7-3.0 percent, according to the predictions by several economic institutions. The limited expansion is a result of negative effect from the weaker global…
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Once dubbed as a sleeping partner, Thai commercial banks are set to experience numerous challenges next year. Apart from the slower economy, an entry of digital technology has prompted Thai…
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The final curtain will come down on Ploen Wan, one of Hua Hin’s most popular tourist attractions, at the end of this January due to financial difficulties. Tenants of the 50s-era…
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The 2020 holiday season may not be all that merry for businesses as Thais are expected to spend less due to gloomy economic sentiment and lower income. Bangkokians plan to…
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Sanitary napkin is always a sensitive subject because the wrong type of cotton pad can easily irritate women’s skins. Recently, this feminine care product became a political debate, sort of,…
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The Bank of Thailand’s Monetary Policy Committee (MPC) agreed unanimously on Wednesday to leave the benchmark interest rate unchanged at 1.25%, after its assessment that economic growth will be less…
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Thailand is considering the possibility of creating a free trade agreement (FTA) with the United Kingdom after Prime Minister Boris Johnson’s historic victory in the UK election last week, which…
Read MoreThe state-run Krung Thai Bank (KTB) has recently rolled out an economic stimulus program as a New Year’s gift, which includes an 800,000 baht Toyota sedan and gold necklaces for…
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The Cabinet on December 11 approved the minimum wage increase according to the proposal by the National Wage Committee. In spite of the promises made by political parties before the…
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Finance Minister Uttama Savanayana reaffirmed today that the Thai economy this year is just slowing down and is not in a critical situation, with the likelihood that it will pick…
Read MoreKasikorn Research Center revises down Thailand’s economic growth this year to 2.5 percent from the initial projection of 2.8 percent and projects the next year’s growth at 2.7 percent. Speaking…
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The cabinet today approved the Finance Ministry’s Super Savings Fund (SSF), in place of the Long-term Equity Fund (LTF), which will allow investors in the SSF to deduct 30% of…
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Din Thong Pottery ©Red Lable
Pichapach Khosabordee is the third generation of her family working at a famous traditional earthenware water-jar factory in Ratchaburi. She recalls the good old days when their business was selling…
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While most of Thailand’s neighbors have one or two unicorns to boast their success in digital transformation, Thailand is still looking for one. One of the reasons that a unicorn…
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Thanks to the Chim-Shop-Chai (Eat-Shop-Spend) stimulus package, the Government’s popularity has increased from 14.1% in October to 25.6% in November, according to Super Poll. Super Poll Research Office director Noppadol…
Read More(Photo) Facebook/Finance Minister Uttama Savanayana
In yet another attempt to boost the economic growth rate, from Q3’s 2.4%, the cabinet today rolled out three new stimulus packages to ease a backlog of 270,000 unsold condominium…
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The employment rate in the non-farming sector, for the third quarter of this year, has fallen by 2.3% whereas, in the farming sector, it has fallen by 1.8%, according to…
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Once perceived as a mere recreational pastime, e-sports will be included in the multi-sport 30th SEA Games for the first time this year, reflecting growing popularity of e-sports which has…
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A panel of nine Supreme Court judges today upheld the acquittal, delivered by the Supreme Court’s Criminal Division for Political Office Holders on fugitive former prime minister Thaksin Shinawatra, in…
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The board of Metropolitan Rapid Transit, owner of MRT lines in Bangkok and its suburbs, has agreed to reduce fares for travel, during off-peak hours and on public holidays, on…
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The third phase of the “Chim-Shop-Chai” (Eat-Shop-Spend) program has a special quota of 500,000 reserved for elderly people, in addition to the already fully subscribed quota for 1.5 million for…
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Most respondents to an opinion poll have high expectations that Prime Minister Prayut Chan-o-cha will take relief measures to address the high cost of living, which ranks top of the…
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Chinese shoppers set new records for spending during the annual “Singles’ Day” buying spree despite an economic slowdown and worries over the US trade war, with state media calling it…
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Thailand’s household economic condition index (ECI) for the third quarter of this year is likely to drop further due to an ongoing global economic slowdown, which has impacted the domestic…
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The Fiscal Policy Office of the Bank of Thailand voted 5:2 on Tuesday to slash the benchmark policy rate by 25 points to 1.25% with immediate effect in a bid…
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India’s Prime Minister Narendra Modi attends the 3rd Regional Comprehensive Economic Partnership (RCEP) Summit in Bangkok on November 4, 2019, on the sidelines of the 35th Association of Southeast Asian Nations (ASEAN) Summit. (Photo by Manan VATSYAYANA / AFP)
A day after opting out of the Regional Comprehensive Economic Partnership (RCEP), the Indian government said on Tuesday is was exploring a trade agreement with the US, according to the…
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Thailand’s Revenue Department is employing a ‘carrot and stick’ approach to persuade about three million income-earners and about 140,000 entrepreneurs, who have never paid income taxes, to pay up. Revenue…
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The United States has agreed to consider Thailand’s request for a review of the suspension of trade preferences for Thai exports, under the Generalized System of Preferences (GSP) program, in…
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Nippon Steel Steel Processing (Thailand) Company, in Rayong province, has announced a temporary suspension of its operations starting November 9th, citing a steady drop in sales. The Thai affiliate of…
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Thailand’s Department of Special Investigation (DSI) is considering whether to oppose a decision by the Office of the Prosecutors for Special Cases not to indict a real estate developer charged…
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Although the immediate impact from the US decision to suspend the Generalized System of Preferences (GSP) on Thai exports is limited, the prospects of Thailand’s outbound shipments to the US…
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Thailand’s Royal Forest Department is tightening controls on the trade in arum (Amorphophallus) roots and saplings after it was learned that some Chinese traders have stockpiled huge quantities to be…
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The prolonged trade war between the US and China has prompted a number of companies to move out of China to avoid the punitive tariffs and Vietnam has emerged as…
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Thailand is to ask the United States to reconsider removal of trade preferences for Thai exports under the Generalized System of Preferences, Commerce Minister Jurin Laksanavisit said today (Sunday). He…
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About 400 workers have been laid off, effective today (Friday), after the of SRF Industries (Thailand) Company’s tyre canvas production plant, in the Map Taput industrial estate in Thailand’s eastern…
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photo from Reuters
HONG KONG/LONDON (Reuters) – HSBC Holdings Plc (HSBA.L) and Standard Chartered Plc (STAN.L) are set to show early signs of strain from anti-government protests in Hong Kong, the single-biggest profit…
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While the other economic engines are losing steam, the government hopes to use the tourism sector to boost the country’s economic growth. Recently, the government announced additional measures to promote…
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Prime Minister Prayut Chan-o-cha will, this afternoon, preside over the signing of a public-private-partnership (PPP) contract between the State Railway of Thailand (SRT) and the Charoen Pokphand Group-led consortium for…
Read MorePhase 2 of the Government’s “Chim-Shop-Chai” (Eat, Shop, Spend) scheme attracted a massive response when it was launched this morning at 6am, with its quota of 500,000 subscribers being achieved…
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Nowadays, e-commerce presents a tremendous opportunity for aspiring entrepreneurs as they don’t have to invest a lot of money setting up a store or paying expensive rental fee. Technology disruption…
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Thai Airways International president Sumeth Damronchaitham has admitted, for the first time, that the national flag carrier is in deep financial crisis, to the extent that it may have to…
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China’s economy expanded at its slowest rate in nearly three decades during the third quarter as it was hit by the long-running US trade war and cooling domestic demand, data…
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Chinese Vice Premier Liu He accompanied by U.S. Trade Representative Robert Lighthizer, left, and Treasury Secretary Steven Mnuchin, greets the media before a minister-level trade meetings at the Office of the United States Trade Representative in Washington, Thursday, Oct. 10, 2019. (AP Photo/Jose Luis Magana)
WASHINGTON (AP) — President Donald Trump offered an upbeat assessment of U.S.-China trade talks and said he would meet at the White House on Friday with the leader of the…
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The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) agreed today to lower down the economic growth projection (GDP) to 2.7-3% from 2.9-3.3% due to weakening economic growth during…
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Bangkok, like other major cities around the world, is getting bigger, in terms of population. Bangkok has the highest population density in Thailand, with approximately 5.6 million people residing in…
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The escalation of the US-China trade war has prompted Chinese and Hong Kong investors to move to Thailand. In the first half of this year, they altogether sought approvals for…
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Bangkokians are expected to spend around Bt4.76 billion during the annual vegetarian festival this year. Although the figure is up 2.4 percent from last year, the growth is weaker than…
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Thais don’t only rely on charts and grafts when it comes to financial decisions, but also lucky charm or superstitious objects to encourage them to take risks. Of course, superstitious…
Read MoreThe falling Thai exports will hurt low-income workers the most as manufacturers are expected to hire less and cut overtime employment, affecting the purchasing power of these grassroot segment. The…
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Thailand is aiming to become a country with high average income in the next 17 years, Prime Minister Prayut Chan-o-cha told his audience at a hotel in New York yesterday….
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The Bank of Thailand has slashed the country’s economic growth projection for this year to 2.8% from 3.3% and the projection for next year from 3.7 % to 3.3%. The…
Read More(Photo) Facebook/Finance Minister Uttama Savanayana
Finance Ministry boasts positive feedback of “Eat, Shop, Spend” handout program or Bt1,000 cash giveaway, saying that more than 1 million people have signed up to participate in the program…
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A total of a million people have registered to join the government’s Chim-Shop-Chai (Taste-Shop-Spend) program, under which each of them will receive a 1,000 baht giveaway to be spent between…
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The first thing visitors approaching the small Danish island of Samso would notice are the white wind turbines rising out of the sea waters. And the closer they get, more…
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In today’s world the tremendous advances in digital technologies have allowed people to work from anywhere in the world; by the seaside, up a mountain or near the tranquil river,…
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Higher global crude oil prices following Saudi oil attacks may increase Thailand’s inflation rate this year by 0.3 percent, according to Kasikorn Research Center. The think tank made an assessment…
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Thailand’s Energy Policy Board has scheduled a special meeting on Tuesday to discuss measures to cushion the impacts from oil price increases on the cost of living, following drone attacks…
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The Federation of Thai Industries (FTI) is hoping that the Monetary Policy Committee of the Bank of Thailand will make another cut in the policy interest rate, currently set at…
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Besides being among the world’s happiest nations, Finland and Denmark have another thing in common: They are both equally ambitious to become the world’s first carbon-free country. Finland’s left-leaning coalition…
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(Photo by Tolga AKMEN / AFP)
(AFP) The Hong Kong Stock Exchange has bid almost £32 billion for its London rival in a shock move Wednesday to bring together two of the world’s largest financial hubs…
Read MoreMost poll respondents do not believe that Thailand’s economy will improve if the Constitution is amended because they are unrelated issues. Meanwhile, some insist that economic improvement rests with the…
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China’s exports fell by 1.0 percent on-year in August, official data showed Sunday, amid a bruising trade war with the US that has roiled markets in the world’s top two…
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(AFP) US and Chinese trade negotiators will resume talks in Washington in early October, Beijing said Thursday, after new punitive tariffs raised fears of a breakdown in the protracted negotiations….
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Thailand’s commercial banks have recently agreed, in principle, with the Bank of Thailand to set lending guidelines by limiting a borrower’s debt-to-service ratio (DSR) to 70%, for those earning up…
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(Photo) Korn Chatikavanich/Facebook
Former Finance Minister and Democrat list MP Korn Chatikavanich has voiced his concern over the financial crisis facing Thai Airways International and, at the same time, has objected to any…
Read MoreThailand’s economic growth rate for the second quarter of this year registered at 2.3%, compared to 2.8% for the first quarter, which is the lowest in 19 quarters, said Mr….
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(Photo) Thaiairways.com
Thai Airways International, the national flag carrier, appears to be in a deep financial crisis and may have to delay debt repayments or seek new loans. THAI president Sumet Damrongchaitham…
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(Photo) Millions of pro-democracy protesters have taken to the streets of Hong Kong over the past 10 weeks/AFP (File/Anthony WALLACE)
The political standoff in Hong Kong is not only fueling fears that Hong Kong may be heading for recession, but also that it may hurt Thailand’s economy. For example, Thailand’s…
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Prime Minister Prayut Chan-o-cha has given assurance that his government is not overspending by disbursing 310 billion baht as part of an economic stimulus package and that the money will…
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The economic cabinet on Friday agreed to set up a special panel, expected to be led by Deputy Prime Minister Somkid Jatusripitak, to drive the implementation and management of economic…
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Thailand’s Government Pension Fund (GPF) has joined 32 securities companies in declaring an ESG (environmental, social, governance) Collaborative Engagement and Negative List Guidelines, under which institutional investors will be held…
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Thais, nowadays, are indebted from an early age, and the level of their debt is maintained even as they approach retirement. A study by the Bank of Thailand reports that…
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The escalating trade war between the US and China may help drive a conclusion to the negotiation of the Regional Comprehensive Economic Partnership (RCEP) free trade agreement to ensure smooth…
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Thailand’s TMB and Thanachart banks announced Friday that they have signed a non-binding agreement to merge and become the country’s sixth largest lender. According to the statement, TMB will finance…
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The University of the Thai Chamber of Commerce predicts that Thai exports in 2019 will drop 0.6% year on year, the first contraction in four years. Dr. Aat Pisanwanich, Director…
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(Photo) Thailand’s Deputy Prime Minister and Commerce Minister Jurin Laksanawisit/Democrat Party Facebook page
Thailand’s Deputy Prime Minister and Commerce Minister Jurin Laksanawisit is scheduled to attend a ministerial conference on the Regional Comprehensive Economic Partnership (RCEP) in Beijing later this week, in a…
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Thailand’s business associations oppose the government’s plan to increase the national minimum wage to Bt400 per day and have suggested that an entry wage should be established instead, said Mr….
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Bank of Thailand Governor Veerathai Santiprabhob, in his speech entitled “Formulating for the Future of Corporate Governance”, delivered at the Finance and Beyond National Director Conference 2019 in Bangkok today…
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With a number of state-of-the-art payment methods on display at a FinTech event last week, there are questions over whether cash will soon be relegated to history amid the proliferation…
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