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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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 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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The Finance Ministry, Bank of Thailand and Securities and Exchange Commission (SEC) have agreed to a plan to regulate and limit the use of cryptocurrencies as a means of paying for…
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The Stock Exchange of Thailand (SET) was officially notified today (Wednesday) by Thai Group Holdings (TGH) of the decision of the board to close down one of its subsidiaries, Southeast…
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Pig farmers have agreed to cap the ex-farm price of live fattening pigs at 110 baht/kg until the end of February, to ease the financial burden on consumers, especially during…
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During nationwide searches last week, Thailand’s Livestock Development Department found that about 13.4 million kilogrammes of frozen pork were being stored in 539 cold storage facilities amid record-high pork prices,…
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Amid the rising cost of living and uncertain economic prospects, more people are starting to talk about the risk of stagflation, a scenario marked by high inflation and high unemployment…
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One of Thailand’s leading agro-industry and food businesses, Betagro, has dismissed a suggestion that they have been hoarding frozen pork at a cold storage facility checked by officials from the…
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The Thai cabinet has approved, in principle, two ministerial announcements aimed at attracting four specific groups of foreigners to stay in Thailand for up to ten years, in the hope…
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Thailand’s Gulf Energy Development PCL, or GULF, has entered into an agreement with Binance, the world’s largest digital assets exchange in terms of trading volume, to explore the setting up…
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While the Land of Smiles will be just as welcoming, from April it will also be charging every foreigner an entry fee of Bt300 if the government’s plan goes ahead….
Read MoreThe digital assets industry is up in arms over the Revenue Department’s plan to levy tax on capital gains or benefits derived from cryptocurrencies and other digital asset transactions. With…
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The government has decided to bring forward the 4th phase of the 50:50 co-payment economic stimulus scheme, from March 1st to February 21st, and new subscriber applications arescheduled to begin…
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Following the increase in the volume of online retail business, or e-commerce, Thailand’s Court of Justice is planning to set up a new department in the Civil Court, exclusively to…
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SINGAPORE, Jan 14 (Reuters) – Citigroup (C.N) has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) (UOBH.SI) for about $3.7 billion, bringing…
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For the third year in a row, Thailand’s and the global economic recovery will hinge on progress in fighting the COVID outbreak. Consumers, businesses, and policymakers will face five key…
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The Internal Trade Department will meet with representatives of chicken farmer, chicken egg trader and exporter associations on Thursday, to decide whether egg prices should be allowed to increase, as…
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Many food vendors in Thailand are complaining over skyrocketing pork prices, forcing them to increase the prices of their dishes by 5 baht a plate. Pork prices are currently 210-230…
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Thai Chamber of Commerce (TCC) Chairman Sanan Angubolkul disagrees with raising the COVID-19 alert level to the extent that business activities are locked down again, saying that such a decisive…
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The Thai General Insurance Association has predicted that more insurance companies may collapse next year, due to the surging number of claims for compensation for COVID-19 infections, if the Omicron…
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Health care, beauty services and E-commerce have been identified as three top-performing businesses for the coming year, as they were this year, in wake of the COVID-19 pandemic, according to…
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After the sharp economic contraction triggered by the pandemic in 2020, hopes were high that Thailand’s economy would stage a recovery in 2021. The COVID-19 outbreak in early 2020 had…
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Thai economists have expressed concern that an outbreak of the COVID-19 Omicron variant, if it drags on for a long period, will severely impact Thailand’s economic growth. Amornthep Jawala, assistant…
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In one of the most-watched acquisition deals of 2021, Siam Commercial Bank Pcl (SCBX) on November 2 announced it was taking a 51 percent stake in Bitkub Online Company for…
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The Finance Ministry is considering levying a financial transaction tax (FTT) on stock trading next year, but a decision will depend on economic conditions, Finance Minister Arkhom Termpittayapaisith revealed recently….
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Thailand’s residential market will gradually improve next year due to more balanced supply and demand and the easing of housing loan regulations, but the full recovery to pre-pandemic levels will…
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Trading in digital assets in Thailand saw high growth in 2021, on par with global markets, as large numbers of investors have entered the market. The low-interest rates offered by…
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Thailand took a major step towards legalizing casinos after the House of Representatives voted on December 2 to undertake a feasibility study on allowing gambling dens. Both the government and…
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The Social Security Office of Thailand (SSO) has agreed to provide a one-time 5,000 baht support payment to nightlife entertainers, including musicians, comedians and other performers, who have been left…
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Italian-Thai Development PCL issued a statement today (Wednesday) offering assurance that the imprisonment of its president, Premchai Karnasuta, for poaching and other offences will not affect the operations or management…
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After the recent relaxation of COVID-19 related restrictions, sales have gradually improved in restaurants and other businesses, but they are warning that reintroducing harsh measures or lockdowns could severely affect…
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HONG KONG (AFP): Asian markets broadly fell in morning trading Monday, tracking uncertainty over the Omicron variant of Covid-19 as well as disappointing US jobs data and the future of…
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Cryptocurrency holders are staring at an uncertain future, as the authorities are at a crossroads on how to regulate the use of digital assets amid their increasing popularity. Investors who…
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Thailand’s anti-CPTPP civil society organizations, claiming to represent 400,000 citizens, issued an open letter today (Thursday), addressed to Prime Minister Prayut Chan-o-cha, urging the government immediately to cease plans to…
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Central Retail Corporation, Thailand’s leading retail conglomerate, has announced the conclusion of a partnership deal with the Thai unit of Singapore-headquartered ride-hailing application Grab, Grab Taxi Holding (Thailand) Company Limited….
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Volatility and security risks mean that Thailand’s Central Bank remains unconvinced about the use of digital assets to purchase goods and services, as many shops have started allowing payment using…
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A hot debate has been raging in Thailand since the recent announcement of the plan to merge True Corporation, a subsidiary of conglomerate Charoen Pokphand Group, and Total Access Communication…
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(Reuters) – Twitter Inc Chief Executive Officer Jack Dorsey is stepping down from his role and Chief Technology Officer Parag Agrawal will now lead the company, the social networking site announced on Monday. The appointment of Agrawal, a 10-year veteran of Twitter, signaled a…
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Thailand’s Centre for COVID-19 Situation Administration (CCSA) decided today (Friday) to extend the country’s State of Emergency until January 31st and to remove the COVID-19 “dark red” zone status, spokesman…
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The proposed merger of telecom giants True Corporation Plc and Total Access Telecommunication Plc (Dtac) has drawn great public interest and sparked a debate on its impact on consumer welfare….
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Deputy Secretary-General of Thailand’s National Broadcasting and Telecommunications Commission (NBTC), Suthisak Tantayothin confirmed that, for the time being, customers of mobile phone services provided by True and Dtac will not be…
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CHICAGO, Nov 23 (Reuters) – Facing scarce year-end inventories and a shortage of workers, retailers are turning “Black Friday” into a month-long event. Walmart, the world’s largest retailer, said on…
Read MoreThe Thailand Consumer Council (TCC) is planning to submit a petition to the country’s telecom regulator against the planned merger between True and Dtac, two of the three major mobile…
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Thailand’s telecom regulator, the National Broadcasting and Telecommunications Commission (NBTC), has voiced concern that the merger of two telecom companies, True and Dtac, may lead to price collusion over service…
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Thailand’s Charoen Pokphand (CP) Group and Norway’s Telenor Group jointly announced an “equal partnership” for the US$ 200-million joint venture, with a focus on tech start-up investment today (Monday). The…
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Representatives of True Corporation and the Total Access Communication Company have been separately invited by the Office of the National Broadcasting and Telecommunications Commission (NBTC), Thailand’s telecom regulator, to clarify…
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The tourism industry is showing initial signs of recovery, but Thailand’s small businesses and households are still struggling to survive as uncertainty about COVID-19 gnaws at the local and global…
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Sanan Angubolkul, president of the Thai Chamber of Commerce, told an economic forum today (Saturday) that five regional chambers of commerce have been developing measures, to be complied into a…
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Norway-based Telenor and Thailand’s Charoen Pokphand Group (CP) are exploring a merger of their telecom units in Thailand, which could result in a new market leader in the country, overtaking…
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For many years, South Korea has been projecting its soft power on the global stage, mainly through successful export of its teledramas, the increasingly popular K-pop music, Korean movies, and…
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Thailand’s private sector is preparing to host the APEC Business Advisory Council in 2022 (ABAC 2022) under the concept of “Embrace, Engage and Enable” and using the traditional “Dok Loi”…
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New York (AFP) – Tesla CEO Elon Musk sold more than $6.9 billion worth of shares in the electric carmaker this week, according to regulatory filings released Friday. The 50-year-old South…
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DETROIT (AP) — After making a promise on Twitter, Tesla CEO Elon Musk has sold about 4.5 million shares of the electric car maker’s stock, raising over $5 billion. The…
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The Thai Ministry of Public Health signed a memorandum of understanding (MOU) today (Thursday) with the RxLeaf World Medica Company, to establish an international medical cannabis research centre, with the…
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The Thai Retailers Association has proposed that the government revive the “Shop Dee Mee Kuen” (shopping with refunds) scheme to encourage consumer spending during the last two months of the…
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The Thai cabinet today approved Thailand’s bid to join ASEAN-Canada FTA talks, in the hope of opening a trade gateway to North America. The cabinet agreed to let Thailand participate…
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The world cryptocurrency market is worth more than $3 trillion for the first time, according to calculations Monday, as mainstream investors increasingly jump on board. The value has reached $3.007 trillion (2.6 trillion euros), said CoinGecko, which tracks prices of more than 10,000…
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Thailand aims to become an international hub for the production and export of herbal products and cannabis/hemp-based medicines, to boost revenues for farmers and the country, said Deputy Government Spokesperson…
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The recent multibillion-baht acquisition of digital exchange Bitkub has stunned Thailand’s finance sector, especially the digital asset market. On November 2, Siam Commercial Bank announced its acquisition of a 51…
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The Thai Food and Drug Administration (TFDA) has approved 218 formulae for cannabis and hemp derived cosmetics, paving the way for their domestic production. Acting Deputy Secretary-General of the TFDA…
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A Thai Real Estate Information Centre’s (REIC) report shows an average of 114,668 second hand dwellings had been listed per month in the second quarter of 2021, along with some…
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Struggling national flag carrier Thai Airways International expects to make a profit in 2024 if the government’s policy of reopening Thailand to foreign arrivals proceeds smoothly, said Piyasvasti Amranand, chairman…
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With an economy almost entirely dependent on the tourist industry, Thailand is today lifting quarantine restrictions and allowing fully vaccinated foreign visitors from 63 countries and territories to enter in…
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Banks and big corporations have seen disruption of their business models, but they have adjusted their operations quickly enough to cope with radical changes in financial services. While Thai consumers…
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Thailand is betting on a future driven by electric vehicles (EVs), while big businesses have laid out ambitious plans to become carbon neutral in the next couple of decades. The…
Read MoreCommercial banks in Thailand have put in place measures to protect their credit and debit card holders from cyber fraudsters who, between October 1st and 17th, stole about 130 million…
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The world’s largest and highest ferris wheel opened to the public in Dubai on Thursday (October 21) with a lavish drone and firework show. Located on the Bluewaters Island, the…
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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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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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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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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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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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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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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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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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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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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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