Business

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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According to tax officials, those who engage in coin mining also will be subject to taxation on the sale of coins. (Photo by Quantitatives.io)

Thailand plans to regulate, limit cryptocurrency payment for goods, services

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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COVID-19 causes closure of loss-ridden major insurance company

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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Ex-farm price of fattening pigs capped at ฿110 per kg until end of February

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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13.4 million kilos of frozen pork found in over 500 cold storage facilities last week

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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Research shows most people fear that the inflationary situation will continue for more than a year. (photo by @helloimnik)

Is Thailand facing the risk of stagflation?

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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Major food group denies hoarding pork, as officials check storage facilities nationwide

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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A tourist enjoys the view of the Hong islands from the infinity pool of a resort on Koh Yao Yai island in the Andaman Sea on November 23, 2020. (Photo by Mladen ANTONOV / AFP)

Cabinet approves plans to attract long-stay foreigners to Thailand

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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Photo by Ozan KOSE / AFP

Gulf Energy, Binance to explore setup of digital assets exchange in Thailand

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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Thailand’s entry fee will be imposed on every foreigner landing on Thai soil, including expats and migrant workers. However, it will be waived for foreign workers who have to cross the border daily. (Photo by Mladen ANTONOV / AFP)

Thailand’s new entry fee – boon or bust for tourism?

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….

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According to tax officials, those who engage in coin mining also will be subject to taxation on the sale of coins. (Photo by Quantitatives.io)

Taxing cryptocurrency trading — an uncharted course

The 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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Fourth phase of Thailand’s co-payment scheme to begin February 21st

 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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E-commerce department to be set up in Thailand to fight online fraud

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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People withdraw money from the United Overseas Bank (UOB) automated teller machine (ATM) in Singapore on August 5, 2009. Singapore’s United Overseas Bank (UOB) announced on August 5 that their second quarter net profit plunged 21.7 percent year on year but said it was upbeat about the future as the global economy picks up. AFP PHOTO/ROSLAN RAHMAN (Photo by ROSLAN RAHMAN / AFP)

Citi to sell Southeast Asia retail business in $3.7 bln deal to Singapore’s UOB

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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Keeping economic activities open while whittling down the number of COVID-19 cases will be a major task before the authorities in 2022. (Photo by Dan Freeman)

Five key economic challenges of 2022

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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Thailand’s egg prices to be set on Thursday, chicken prices held for 6 months

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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Skyrocketing pork prices drive street meals up by at least five baht

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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AP Photo/ Gemunu Amarasinghe, File

Thai business sector objects to sweeping restrictions to cope with new wave of COVID-19

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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More insurance firms face bankruptcy if COVID-19 insurance claims are not scrapped

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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E-commerce, healthcare and beauty services most promising sectors in 2022

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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The Thai economy is heavily dependent on tourism as a major employment generator. Businesses have been hit hard by the prolonged pandemic situation and the fallout of lockdown restrictions since 2020.(Photo by Richard Balog)

2021: Economic recovery stuck in pandemic quicksand

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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Grim economic outlook in Thailand if an Omicron outbreak drags on for months

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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The Selfridges department store on Oxford Street in central London. (Photo by Glyn KIRK / AFP)

2021: The year of mergers and acquisitions that shook the markets

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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How a proposed tax on share trading will affect investors

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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Commercial property and residential condo buildings are pictured in Bangkok. (Photo by Alex OGLE / AFP)

Gradual recovery expected for residential market

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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As crypto assets become more mainstream, potential implications for the wider economy are set to increase, said the IMF. (photo by @executium)

2021: The year of crypto craze and challenges it poses

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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A survey from December 6-8 suggested that the majority of 1,318 respondents were opposed to the idea of legalizing casinos in Thailand. (Photo by Alois Komenda)

Legalization of casinos — Will Thailand finally roll the dice?

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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Thailand’s redundant entertainers to receive 5,000-baht social security payment

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 appoints acting president as Premchai enters prison

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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Concerns raised over possible lockdown after Thailand detects first Omicron case

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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Asia markets down on Omicron, US jobs data worries

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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The photo shows physical imitations of cryptocurrency in Dortmund, western Germany, on January 27, 2020. (Photo by INA FASSBENDER / AFP)

Sword of regulatory curbs hangs over cryptocurrency investors

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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Thai civil society urges government to end plans to join CPTPP

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 Corp invests ฿4.5 bn in Grab Thailand shares

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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Thai Central Bank warns against use of cryptocurrencies in transactions

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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What Thailand can learn about telecom mergers from developed countries

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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Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021. U.S. House of Representatives Energy and Commerce Committee/Handout via Reuters

Twitter CEO Jack Dorsey hands reins to technology chief Agrawal

(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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Downtown Bangkok. (Photo by Mladen ANTONOV / AFP)

Thailand’s night-time curfew to end from Dec 1 as government lays out reopening plans

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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Will consumers pay the price for True-Dtac mega-merger?

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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No impact yet on Thailand’s True, Dtac customers, says telecom regulator

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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People wait in line to shop on Black Friday in Rehoboth Beach, Delaware, U.S., November 27, 2020. REUTERS/Joshua Roberts/File Photo

‘Black Friday’ drags through November amid tight U.S. inventories

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…

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Thailand Consumer Council to petition against True-Dtac merger plan

The 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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Thai telecom regulator worried about True-Dtac tie-up but cannot prevent it

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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Joint venture between telecom giants True, Dtac announced

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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Thai telecom regulator invites DTAC and True for meetings about potential merger

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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As Thailand reopens, signs of economic recovery are visible

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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Thai private sector to propose economy-boosting measures to PM on Sunday

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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True, Dtac in talks over merger in Thailand

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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Masked actors pose during an event organized by the Enigma Room escape game in Milan on November 14, 2021, where participants play some of the games of the world-famous South Korean TV survival drama television series “Squid Game”. (Photo by Piero CRUCIATTI / AFP)

Lessons for Thailand from South Korea’s soft power

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 ready to be host of ABAC 2022

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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AFP/File photo

Elon Musk sells $6.9bn in Tesla shares after Twitter poll

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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File photo

After Twitter poll, CEO Musk sells off $5B in Tesla shares

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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MOU signed to establish international medical cannabis research centre in Thailand

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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Government urged to revive ‘Shop Dee Mee Kuen” stimulus in run up to New Year

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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Darryl Dyck / POOL / AFP

Thailand to join ASEAN-Canada FTA talks

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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Crypto market value tops $3 trillion for first time

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 aspires to be hub for herbal products and cannabis-based medicines

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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Bitkub takeover adds impetus to Thai digital asset market

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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Thailand approves 218 formulae for cannabis, hemp-based cosmetics

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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Slightly fewer dwellings listed on property market in Q2, 2021, with prices increased

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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Photo from thaiairways.com

Thai Airways hopes to return to operational profit in two years

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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Thailand is lifting quarantine restrictions and allowing fully vaccinated foreign visitors from 63 countries and territories to enter. (Photo of Praseban by Veena Thoopkrajae)

Thailand set to welcome visitors after almost two years

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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Fintech revolution poses challenges to Thai consumers

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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EV push to accelerate Thailand’s efforts against climate change

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…

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Thai banks assure systems are in place to protect against cyber scams

Commercial 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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Fireworks light the sky above Dubai during the opening ceremony of the Dubai Eye, known as Ain Dubai, the world’s largest and tallest observation wheel, located in the Emirati city, near the Dubai Marina, on October 21, 2021. (Photo by Giuseppe CACACE / AFP)

World’s largest ferris wheel opens in Dubai

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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Has the level of happiness in Thailand deteriorated?

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

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

Australia accuses China of undermining world trade

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

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

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

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

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Cyberfraud revives debate on ways to make online banking safer

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

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

China’s economy stumbles on power crunch, property woes

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

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

Human resources and inequality, main issues needing serious attention

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

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

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

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Photo by Ozan KOSE / AFP

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

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

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

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

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

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

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

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