World food prices are still high but have fallen by a fifth compared to a year ago when prices soared to a monthly record high after Russia invaded agricultural powerhouse…
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World food prices are still high but have fallen by a fifth compared to a year ago when prices soared to a monthly record high after Russia invaded agricultural powerhouse…
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A continued slowdown in almost all the world’s advanced economies is expected to drag global growth below three percent this year, the International Monetary Fund’s managing director warned on Thursday….
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This year’s Songkran is set to be the most lively since Thailand began living with the COVID-19 pandemic three years ago, with total spending among Thai and foreign revellers estimated…
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The Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China’s abrupt loosening of Covid-19 restrictions and reopening of its borders brightened the region’s prospects….
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The UK’s announcement that it will soon join 11 other countries in a major Asia-Pacific trade partnership — the country’s biggest post-Brexit trade deal to date — earned a mixed…
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Bank customers who want to transfer more than 50,000 baht electronically from their bank accounts are required to have their faces scanned to confirm their banking transactions, under a new…
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A Mekong River port in southwest China’s Yunnan province was officially opened on Monday. It will serve as a gateway to boost trade between China and ASEAN countries, especially Thailand,…
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AI is not going to seize our jobs as many dread, but it surely is going to transform the future of jobs. However, we, humans, possess qualities that AI still…
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The global financial markets are highly interconnected. When Thailand’s banking system suffered a collapse and the baht’s value plummeted in 1997, the contagion effect spread to other Asian countries. Similarly,…
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The Chinese Embassy in Bangkok has vowed to protect Chinese nationals in Thailand, amid social media reports of alleged security risks to visiting Chinese tourists, according to a Chinese media…
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The majority of developing nations are set to miss out on the economic benefits of booming green technologies, slowing progress toward their climate goals and widening the inequality gap between…
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The Thai cabinet decided today (Tuesday) to extend the 5-baht/litre excise tax cut on diesel fuel, from May 21st until July 20th, to ease the burden on the public and…
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In 2016, Vice President Joe Biden warned against efforts to unravel banking regulations that Democrats had fought to implement following the nation’s financial crisis, just as the emerging Trump administration…
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Thailand’s commercial banks and other financial institutions have not been affected by the recent failures the US’s Silicon Valley Bank and New York-based Signature Bank in the past week, Deputy…
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Can Washington come to the rescue of the depositors of failed Silicon Valley Bank? Is it even politically possible? That was one of the growing questions in Washington Sunday as…
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It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out…
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Startup-focused lender SVB Financial Group became the largest bank failure since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets and left billions of dollars belonging to companies and…
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All the 560,000 entitlements for hotel bookings, under the “Rao Tiew Duay Kan” (We travel together) Phase 5 program, have been used up as of 11am today (Friday). Booking began…
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The latest statistics show an overall improvement in Thailand’s labor market, nearly returning to the pre-COVID level, but questions remain about the availability of well-paying jobs. Unemployment fell to 1.15…
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The Thai cabinet has approved 3.19 billion baht to subsidise electricity bills of households that consume no more than 300 units of electricity per month from January to April. The…
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Household debt has become an alarming issue for the country, and as Thailand heads towards a general election this year, it’s a ticking bomb that needs the urgent attention of…
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Household debt for the third quarter of 2022 increased by 3.9%, to over 14.9 trillion baht for the first time in five quarters, largely due to the rise in personal…
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Thailand’s Government Savings Bank (GSB) has stopped sending text messages (SMS) containing URLs to all customers, effective on March 1st, to protect its customers from being cheated by scam artists….
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Telenor Asia announced yesterday (Wednesday) the completion of the merger between Total Access Communication Company (DTAC) and True Corporation (TRUE), billed as the largest telecom merger in Southeast Asia by…
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People who want to join the 5th phase of the “Rao Tiew Duay Kan” (We Travel Together) program can registration from tomorrow, from 6am until 9pm, Deputy Government Spokesperson Traisuree…
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With the Covid-19 pandemic and digital technology continuing to redefine the world, Thailand Convention and Exhibition Bureau (TCEB) – the public agency responsible for the business events sector in Thailand…
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Cash subsidies given last year by the government, under various populist policies to increase the purchasing power of consumers and to boost the economy recovering from COVID-19, are exempt from…
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Thailand’s economic growth in the fourth quarter of last year has disappointed many people. Real gross domestic product (GDP), a broader measure of economic output, grew just 1.4 percent year on year,…
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It is common sense for politicians to campaign on a platform of tax cuts in the run-up to an election, as opposed to making a case for tax hikes, which…
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The directors-general of the Treasury and Comptroller-General departments are suspected of involvement in insider trading, in violation of the code of conduct of the Finance Ministry, in connection with the…
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Three of Thailand’s business, banking and capital market gurus are optimistic about the country’s improved economic performance this year, with a tourism boom, increased foreign investment and exports, which will…
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Resolving the logistics bottleneck at the Customs checkpoint in the South and increasing overall trade and investment were high on the agenda of Malaysia’s newly elected Prime Minister Anwar Ibrahim when…
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A large number of people in Thailand’s middle-class and lower-income groups have been trapped in a dream of becoming rich overnight by winning a big lottery prize. The Government Lottery…
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Youtubers, social media influencers and online vendors are to be taxed on advertising revenue, sales of merchandise or donations earned through their channels, according to Lawaron Saengsanit, director-general of Revenue…
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As the general election approaches, rival political parties have unveiled their policy pledges designed to lure voters. Parties usually make promises that could make an immediate impact, without taking into…
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Thailand’s Fuel Fund Executive Committee has decided to cut the retail price of diesel fuel by 50 satang/litre, the first time in seven months, effective February 15th. Wisak Watanasap, director…
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Thailand was shocked recently by reports of online fraud victims claiming that hackers had secured access to their personal information through their charging cables, and used the stolen information to…
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The International Monetary Fund on Tuesday raised its 2023 global growth outlook slightly due to “surprisingly resilient” demand in the United States and Europe, an easing of energy costs and the reopening of China‘s economy after Beijing abandoned…
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Working in a hotel used to be considered an attractive career as not only was the job itself interesting but the monthly salary was relatively decent and there were other…
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The Cabinet recently approved a framework for government spending in fiscal year 2024 with planned expenditure of 3.35 trillion baht, up 5.18 percent from the current fiscal year. The spending is equal…
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Thailand’s tourism industry has welcomed the news that the Chinese government is allowing the group tour market to resume after a hiatus of almost three years. The Chinese tourists will…
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The Bank of Thailand’s Monetary Policy Committee agreed unanimously on Wednesday to raise the key interest rate by 25 basis points, to 1.50%, with immediate effect. The central bank said…
Read MoreElon Musk told jurors on Monday he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla Inc private, and could…
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Thailand’s National Energy Policy Committee (NEPC) has decided to increase the retail price of liquefied petroleum gas (LPG) in March by 15 baht, to 423 baht for a 15kg cylinder,…
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The Thai cabinet has decided to extend the excise tax cut on diesel fuel for an additional four months, to ease the financial burden on the private sector and the…
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China’s economy hit a bump in the fourth quarter, growing by 2.9% year-on-year, National Bureau of Statistics data showed on Tuesday, beating expectations but still underlining the toll exacted by…
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Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said Monday as the World Economic Forum’s annual meeting…
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The acquisition of Esso (Thailand) Public Company will make Bangchak Corporation Public Company (BCP) the oil company with the second largest market share in Thailand, 29.1%, behind PTT Public Company’s…
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Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation…
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Thailand’s gross domestic product (GDP) will expand by around 3-4 percent this year, only slightly higher than last year’s 3.2 percent, the National Economic and Social Development Council, a state…
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The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China, the…
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Three companies are qualified to join the bidding for satellite orbital slot packages, to be held by the National Broadcasting and Telecommunications Commission (NBTC) on January 15th, with a mock…
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Dell Technologies Inc plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei…
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Amazon.com Inc’s layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff…
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The ongoing Covid-19 pandemic has been tough on small- and medium-sized enterprises, which are the backbone of Thailand’s economic growth and development. Increased digital transformation, changes in customer behaviour, restrictions…
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Thailand’s real estate sector did not fully recover in 2022 due mainly to the economic decline and the impacts of the Russia-Ukraine war as well as higher inflation and interest…
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After bolting the doors for two years following the outbreak of the pandemic, Thailand decided to fully reopen the country in 2022, removing the COVID-19 restrictions that had throttled tourism, a…
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After months of prevarication, Thailand’s telecom regulator gave the green light in October for the merger of two major operators — True Corporation (True) and Total Access Communication (Dtac). The National…
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Oil palm growers across Thailand plan to submit simultaneous petitions to authorities in each province, seeking government help to boost the prices of raw oil palm seed, which have fallen…
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A 17.8-billion-baht offer by SCBX, the holding company of Siam Commercial Bank, for a majority stake in Bitkub Online was supposed to be the deal of the year in 2022….
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Car fuel expenses can be claimed as income tax deductions under the government’s “Shop Dee Mee Kuen” economic stimulus scheme, from January 1st until February 15th. According to Revenue Department…
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Phuket was the top earner of tourism revenue and the most visited province by tourists, except Bangkok, during the first ten months of this year, according to Deputy Government Spokesperson…
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The Office of the Securities and Exchange Commission (SEC) has asked public prosecutors to sue Dr. Boon Vanasin, former chairman of the Thonburi Healthcare Group (THG), for payment of a…
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Thailand’s Energy Policy Committee has decided to increase the retail price of NGV for vehicles by 1 baht/kg, to 17.59 baht, effective from Friday, according to Energy Minister Supattanapong Punmeechaow….
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The Pheu Thai Party has made a big election promise: if it becomes the ruling party next year, Thailand’s minimum daily wage will rise to 600 baht by 2027. The…
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The Bangkok Mass Transit System (BTS), the operator of the Green Line sky train service, has been urged to end its continuous advertising, demanding the settlement of a large debt…
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Thailand’s stock market has been vibrant since the Constitutional Court gave the green light to new electoral bills that are likely to benefit bigger parties. Stock analysts viewed the passing…
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The private sector will formally ask the government to peg the electricity rate at 4.72 baht per unit from January until April, claiming that any increase of electricity prices will…
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The Thai private sector has expressed serious concerns over the opposition Pheu Thai Party’s ambitious plan to increase the daily minimum wage to 600 baht by 2027, claiming that this…
Read MoreThe Thai economy grew 4.5 per cent year on year in the third quarter of 2022, exceeding market expectations. Gross domestic product (GDP) growth in the third quarter nearly doubled…
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The Bank of Thailand’s Monetary Policy Committee decided unanimously today (Wednesday) to raise the key interest rate, with immediate effect, by 0.25% to 1.25%. Piti Disyatat, spokesman for the committee,…
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The Thai cabinet decided today (Tuesday) to revoke a law, which has been in force for more than three decades, exempting stock market share trades from financial transaction tax. Finance…
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Thailand’s start-up sector may not be so booming due to the ongoing global economic challenges, while many early-stage start-ups suffer a lack of support as they struggle to attract more…
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Growers of Chinese cabbage in Chiang Mai Province are seeking help from the government after the ex-farm prices of their produce plunged to only two baht per kilogram, while their…
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The private sector will submit their White Paper to the Thai government, proposing plans for urgent economic development in the country. The White Paper is a summary of proposals discussed…
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There is no need for the government to roll out another phase of the 50:50 co-payment scheme, because the Thai economy is recovering, with steady increases in foreign arrivals and…
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Though Thailand has laws to protect debtors, many Thais do not know how to handle demands for repayment. Some of them endure verbal or even physical abuse when they fall…
Read MoreThe Public Debt Management Office at the Finance Ministry will offer 60 billion baht in government savings bonds for public subscription, starting on December 7th. Deputy government spokesperson Rachada Dhnadirek…
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Domestic car sales in Thailand, in the first ten months of 2022, were 698,305 vehicles, representing a 17.09% increase, compared to the same period last year, according to the Federation…
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With Covid-era travel restrictions now relaxed, Thailand is once again underlining its reputation in the medical field by drawing in visitors wanting to benefit from the country’s natural attractions while…
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The Thai cabinet approved, in principle, a draft bill today (Tuesday), which seeks to hold businesses accountable for goods sold to consumers which are found to be defective within two…
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Bolstered by recovery in the tourism sector, Thailand’s economic growth for the whole of 2022 is forecast to be 3.2%, without further need for major economic stimulus packages, according to…
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BTS Group Holdings Plc. (BTS) is demanding that the Bangkok Metropolitan Administration (BMA) settle the about 40 billion baht in debt it owes to the company over the operation of…
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Pubs and restaurants on Bangkok’s Khao San Road were packed with foreign tourists and locals eating, drinking and watching the first match of World Cup 2022 in Qatar late last…
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The Thai government agreed today (Tuesday) to set aside 81.2 billion baht to subsidise the rice price guarantee scheme for the 2022-23 rice crops, with an aim to export 7.5…
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The Thai cabinet has decided to subsidise the diesel price until January 20th, which means a loss of excise tax revenue for the state of another 20 billion baht. After…
Read MoreThailand’s Central Administrative Court has agreed to consider a petition challenging the legitimacy of the decision by the telecom regulator conditionally approving the True-DTAC merger plan. The petition was filed…
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This week, Thailand will get its moment under the sun when it hosts one of the major diplomatic events of the year — the APEC leaders’ summit — from Monday…
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The Thai Senate gave the go ahead today (Monday) for the Finance Ministry to guarantee the 130 billion baht debt incurred by the Office of Oil Fuel Fund, as a…
Read MoreThailand’s Energy Regulatory Commission (ERC) has ordered the Metropolitan Electricity Authority (MEA) and Provincial Electricity Authority (PEA) to cut their service fees charged on households and small businesses from next…
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Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada, two people with knowledge of the planning told Reuters, a step that would connect its…
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Thailand’s intention to push the Bio-Circular-Green economic model on the agenda of the Asia Pacific Economic Cooperation (APEC) meetings is mostly aimed at benefiting domestic big conglomerates, rather than driving…
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Although the government has issued a new regulation promising to liberalize Thailand’s alcohol sector, critics see little hope of small brewers breaking the market domination of a few giant producers….
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The Bank of Thailand (BoT) is to issue a new regulation which seeks to put a time limit on commercial banks’ mobile banking app outages, to ease the impacts on…
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The Thai cabinet approved the Interior Ministry’s withdrawal of the ministerial edict on foreign land-ownership for reconsideration today (Tuesday), following widespread opposition to the plan. Government Spokesman Anucha Burapachaisri said…
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The Interior Ministry today withdrew for review a controversial draft ministerial regulation that would pave the way for limited foreign land ownership in exchange for investments in Thailand. Government Spokesman…
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Thailand’s Government Housing Bank (GHB) has sought approval of the Finance Ministry and the cabinet for the third phase of the “One Million Home” project, providing housing to low income-earners….
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Thai real estate business operators will propose that the government allow foreigners to buy houses on up to 0.16 hectares (one rai) of land, as an alternative to the right…
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Two state-run banks, Krung Thai and Government Savings, have offered to extend loans, amounting to 5 billion baht, to the debt-ridden Oil Fuel Fund, to ease its current liquidity problems….
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Electric car owners will soon find themselves making a greater contribution to the country than they ever imagined. Apart from reducing emissions, electric cars become potential “power plants” that strengthen…
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