The government’s plan to allow foreigners to own a limited amount of land in Thailand is intended to benefit the Thai people and the government is not “selling off” the…
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The government’s plan to allow foreigners to own a limited amount of land in Thailand is intended to benefit the Thai people and the government is not “selling off” the…
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Thai Prime Minister Prayut Chan-o-cha and his Laotian counterpart, Phankham Viphavanh, jointly presided over the official ceremony to lay the foundation stone of the 5th Thai-Lao Friendship Bridge, linking Thailand’s…
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Thailand’s Fiscal Policy Office has adjusted the economic growth projection for this year to 3.4%, down from 3.5%, due to a slowdown in private investment, from a projection of 5.7%…
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Thai transgender business tycoon Jakkaphong Jakrajutatip, aka “Anne”, has purchased the Miss Universe pageant from the US’ IMG for about US$20million. Jakkaphong said, during a press conference held today (Thursday)…
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The Thai Bankers Association (TBA) is set to hold talks with the Anti-Money Laundering Office (AMLO), seeking the postponement of the enforcement of a new rule, which will require everyone…
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The Thailand Consumer Council (TCC) formally asked the House Anti-Corruption Committee today (Wednesday) to investigate the 5-member Board of the National Broadcasting and Telecommunications Commission (NBTC), accusing it of malfeasance…
Read MoreThe Thai cabinet has approved an edict from the Ministry of Interior, which will pave the way for four groups of non-Thai citizens to be able to buy up to…
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After wavering uneasily for months, Thailand’s telecom regulator, on October 20, gave the green light for the merger of two major operators — True Corporation (True) and Total Access Communication (Dtac). Despite…
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The Thailand Consumer Council (TCC) and the opposition Move Forward Party will petition the National Anti-Corruption Commission (NACC), seeking an investigation into the conduct of the 5-member board of the…
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A series of cartoon strips in a mass-circulation newspaper debut 50 years ago and books from 1976 “Kabuan Karn Gae Jon” (Anti-Poverty Club) remain highly popular among fans of Thai…
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A board member of the National Broadcasting and Telecommunications Commission (NBTC), Professor Dr. Pirongrong Ramasoota, has explained why she disagrees with the planned merger between True Corporation and Total Access…
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The five-member National Broadcasting and Telecommunications Commission (NBTC), Thailand’s communications regulator, has voted 3:2 to “acknowledge” the plan for a merger between True Corporation and Total Access Communications (DTAC), but…
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From November 15th, people who want to deposit cash viacash deposit machines (CDMs) in Thailand will be required to identify themselves by inserting their credit or debit cards and entering…
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More than 62,000 people have applied to restructure their debts since September 26th, at the Online Debt Restructuring Fair, organised by the Bank of Thailand. Suwannee Jatsadasak, senior director of…
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The “Great Resignation” is the biggest trend in the employment market resulting from COVID-19, for Western countries at least. For Thailand and others in this region, however, while resignation certainly…
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The risks to global financial stability have increased across the world since April this year in face of high inflation and low interest rates, the latest semiannual Global Financial Stability…
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Thailand exported goods worth more than 43 billion baht to Saudi Arabia during the first eight months of this year, representing an increase of 15.9% year on year, according to…
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The “Stop mobile phone monopoly” hashtag is trending top on Twitter in Thailand today (Wednesday), with 127,000 tweets as of noon, after True Corporation and Total Access Communications (DTAC) yesterday…
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The Bank of Thailand (BOT) has been facing the delicate task of navigating the baht and the economy through turbulent waters. As the government has apparently almost run out of…
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This has been a bad year for Toyota Motor Thailand Co Ltd (TMT), the local subsidiary of the Japanese automaker. In mid-September, the company lost a drawn-out court battle and…
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Bangkok has been ranked 5th among the world’s top 10 cities for expats to live and work this year, according to the global expat index by the online language learning platform…
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Thailand’s three leading public organizations have announced their commitment to support and promote the country’s bio-circular-green economy (BCG) vision, while echoing their views on the critical role of BCG as a new…
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Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of…
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Thailand has invited French President Emmanuel Macron to attend the Asia Pacific Economic Cooperation Leader’s Meeting (APECLM) in November, Thai PBS World has learned. The invitation is special, because France…
Read MoreThe Thai baht continues to weaken against the US dollar, falling to 38/$US, mainly due to the strengthening of the greenback, as a result of the recent increase in the…
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The Bank of Thailand’s Monetary Policy Committee (MPC) has unanimously voted to increase the key interest rate by 0.25%, to 1.00%, with immediate effect. The central bank said, in a…
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The Thai cabinet agreed to extend discounts on electricity of not more than 50 units and tap water not exceeding 315 baht per month for holders of welfare cards until…
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More than 13,000 victims are estimated to have suffered losses of several billion baht as a result of the latest alleged Ponzi scheme, under the name Forex 3D, supposedly engaged…
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Once known as a “financial wizard”, Indian-born Rakesh Saxena now faces decades in jail for a Thai banking scandal that triggered the 1997 Asian financial crisis. Following a legal battle…
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The Tourism Authority of Thailand (TAT) on Phuket has predicted that more than 200,000 Thai and foreign tourists will visit the resort island during the 9-day vegetarian festival next week….
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The newly release Global Trade Growth Atlas 2022 has put the Association of Southeast Asian Nations (ASEAN) in the spotlight because the region is forecast to lead the world in…
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The board of Thailand’s National Broadcasting and Telecommunications Commission (NBTC) is expected make a decision on the planned merger between True and DTAC on October 12th. Trairat Viriyasirikul, acting secretary-general…
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Oil palm farmers in Thailand’s southern provinces are complaining that the prices they are getting for their crops have nosedived to an average of five baht per kilogram, which they…
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The recent recovery in tourism, as reflected in the rapid rise in foreign arrivals, is offering Thailand’s ailing economy a lifeline in the aftermath of the COVID-19 pandemic. The government…
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The Thai government’s ambitious plan, announced about seven years ago, to transform some north-eastern provinces bordering the Lao PDR, into economic development zones has not been realised. So far, not…
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Although the minimum daily wage will rise by an average of 5 percent from October 1, not many workers see a brighter future. “The increase will not make my life…
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Over 900,000 teachers, or 80% of all teachers in Thailand, owe a combined total of about 1.4 trillion baht, with teacher savings cooperatives being the biggest creditors, accounting for 890…
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The Thai Supreme Court Division for Tax Cases has upheld the Appeals Court order for Toyota Motors (Thailand) to pay about 10 billion baht in customs duties and fees for…
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Thailand’s Ministry of Finance will open for applications for 3.07 million unused entitlements under the 5th phase of the 50:50 co-payment scheme, according to Pornchai Thiraveja, director-general of Fiscal Policy…
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The cabinet decided today (Tuesday) to extend the excise tax cut of five baht per litre of diesel fuel for two more months, from September 21st to November, in order…
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The Thai cabinet approved the new minimum wage rates today (Tuesday), as proposed by the tri-partite Wage Committee, to become effective from October 1st. The last time that minimum wages…
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Vietnamese carmaker VinFast on Saturday (September 10) began handing its first batch of 100 all-electric sport utility vehicles (SUVs) over to local customers, with U.S. deliveries of the vehicle due…
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Thailand’s Central Administrative Court issued a ruling today (Wednesday), ordering the Bangkok Metropolitan Administration (BMA) and its investment arm, Krungthep Thanakom Company, to pay Bangkok Mass Transit System Public Company…
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German auto group Volkswagen on Monday said it would go ahead this year with a highly anticipated stock market entry for its premium sports brand Porsche, despite less than perfect financial conditions. “The Board…
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The decelerating export growth in July has raised concerns that the outlook for Thailand’s economic growth may be bleak because of an increasingly likely global slowdown. The Thai economy grew…
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The student debt forgiveness campaign believes the budget Thailand has set to reduce inequality – 700 billion baht – should be more than enough to ensure education is “really free”….
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Consumers will soon feel the pinch of the higher cost of living, as the higher prices for cooking gas and electricity come into effect today (Thursday). From today, the retail…
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With the goal of taking Thailand’s creative industry to another level and having a greater impact on GDP, the new leadership of the Creative Economy Agency (CEA) has unveiled a…
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Thailand’s Securities and Exchange Commission (SEC) has barred an executive of Bitkub Blockchain Technology Company, a subsidiary of Bitkub Capital Group Holdings (BCGH), from holding an executive post in the…
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Pig farmers are demanding that the Ministry of Agriculture and Agricultural Cooperatives aggressively cracks down on unscrupulous traders, who have been flooding the domestic market with smuggled pork which, they…
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Siam Commercial Bank (now named SCB X), Thailand’s oldest commercial bank, created a flutter in the markets in November last year when it announced a multibillion deal to buy a majority…
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Over the next four months, electricity in Thailand will soar from 4 baht per unit to a record high of 4.72 baht. Authorities blame the hike on rising global fuel…
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The SCB Securities (SCBS) Board of Directors passed a resolution today (Thursday) to terminate the purchase of a 51% stake in Bitkub, Thailand’s largest cryptocurrency exchange, worth over 17.8 billion…
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Wednesday’s suspension of Prime Minister Prayut Chan-o-cha from his duties by Thailand’s charter court may raise questions over whether investor confidence and public investments are being affected. The country’s finance…
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Director-General of the Department of Internal Trade, Wattanasak Sur-iam, says that Thai President Foods (Mama), Thai Preserved Food (Wai Wai) and Wan Thai Foods Industry (Yum Yum) are allowed to…
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The Student Loan Fund (SLF) is dismissing calls for it to write off 337 billion baht of loans taken by students to fund their education. Over the past few weeks,…
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Thailand’s Committee on Energy Policy Administration (CEPA) agreed today (Monday) to help shoulder the burden on household electricity consumers through discounts from September until December, the period the fuel tariff…
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The “Pao Tang” application system crashed this morning (Friday) as subscribers scrambled to reconfirm their registrations for the fifth phase of the 50:50 co-payment scheme, under which each will receive…
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Thailand’s Energy Regulatory Commission (ERC) has decided to raise the FT (fuel tariff) for electricity for September through December by 68.66 satang per unit, which will bring the average rate…
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Five manufacturers of instant noodles are urging Thailand’s Internal Trade Department to speed up consideration of their demand for a price increase on instant noodles, from 6 to 8 baht,…
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Old and new subscribers to the government’s 50:50 co-payment scheme will be able to reconfirm or apply for their subscription this Friday under Phase 5 of the scheme, via the…
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Small lottery vendors across the country are now dreading the expansion of digital lottery tickets – which are sold not just through major private electronic platforms but also on the…
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The country’s Monetary Policy Committee (MPC), one of the main committees of the Bank of Thailand, decided today (Wednesday), by a vote of 6 to 1, to increase the policy rate…
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The US is the world’s largest economy and the US dollar is widely used worldwide, as a result, the actions and decisions of the US Federal Reserve (Fed) have a…
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The cabinet approved a proposal from the EEC (Eastern Economic Corridor) Policy Committee today (Tuesday) to upgrade the status of the EEC from a “special economic zone”to a “free trade…
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The Ministry of Energy and the Energy Regulatory Commission agreed, at their joint meeting yesterday (Monday), to freeze the electricity rate for August after Prime Minister Prayut Chan-o-cha expressed concern…
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Thailand’s opposition Move Forward party is urging the National Broadcasting and Telecommunications Commission (NBTC) to block the planned merger between two mobile phone service operators, True Corporation (True) and Total…
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The board of the National Broadcasting and Telecommunications Commission (NBTC) wants a more comprehensive study of the planned merger between True Corporation (True) and Total Access Communication (DTAC) before it…
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The role of a digital asset exchange is to serve as a marketplace where investors can buy and sell their cryptocurrencies and other digital assets, while the revenue of the…
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The National Education Bill is set to enter the Parliament for further deliberation in September, sparking new hope for some but concern for others. The passage of this bill is…
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The electric vehicle industry in Thailand was given a shot in the arm today (Tuesday) when the cabinet decided to exempt from customs duties battery electric vehicles (BEVs), which are…
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The cabinet decided today (Tuesday) to roll out the 5th phase of the popular 50:50 co-payment scheme by providing 800 baht to each of the 26.5 million Thais who have…
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Thailand’s Securities and Exchange Commission (SEC) has ordered Zipmex, Thailand’s second largest cryptocurrency exchange after Bitkub, to resume trading and digital asset withdrawals within three days after an official announcement…
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Thailand’s economy will be affected by global economic turbulence, which may for last two years, during which growth in Thai exports will contract while domestic inflation will increase, said Kobsak…
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Thailand’s Charoen Pokphand Group (CP) and Norway’s Telenor are urging the National Broadcasting and Telecommunications Commission (NBTC), Thailand’s telecom and broadcasting regulator, to speed up the issuance of conditions to…
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Thailand’s public and private sectors are busy preparing for an inspection by the Bureau International des Expositions (BIE) from July 25 to 29 which will assess the feasibility and viability…
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The European Central Bank on Thursday brought an end to the era of negative interest rates in the eurozone, with a bigger than expected half-point hike as inflation soars and…
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NEW YORK, July 20 (Reuters) – Bitcoin rebounded after a brief sell-off late on Wednesday sparked by news that electric carmaker Tesla Inc (TSLA.O) had sold about 75% of its…
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Trade at chicken farms in Bangkok’s Rom Sai-Bang Bon area was lacklustre today (Wednesday), the first day that the price of ex-farm chicken eggs increased by 20 satang to 3.40…
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The Fuel Fund Executive Committee decided today (Tuesday) to hold the retail price of diesel at 34.94 baht/litre for the fifth consecutive week, to ease the burden on consumers. Oil…
Read MoreThe plunging value of the baht appears ominous and raises worrying questions about its impact on the Thai economy. On Friday (July 15), the baht fell to 36.73 to the US dollar, its…
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Thailand’s trade deficit for the month of June was over 40 billion baht, partly due to a 19% increase in the value of imports, especially energy. The figure includes a…
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The euro’s plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in…
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Retail prices of one-litre bottles of palm oil at department stores and super markets have reduced from 69-70 baht to 64-65 baht, in response to a request from the Internal…
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Thai Airways International submitted a petition to the Central Bankruptcy Court on July 1st, seeking to revise its rehabilitation plan, after the flag carrier improved its performance, with an expectation…
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Cryptocurrency trading in Thailand has followed global trends and witnessed a steep plunge, as investors sell off financial assets, including equities and bonds. With many countries bogged down by high…
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Thailand’s Ministry of Transport may postpone the second round of bidding for the Orange Line train project, scheduled for July 27th, pending consultation with the Office of the Attorney-General (OAG)….
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Many cars and trucks have been queueing at PTT and Bangchak service stations in Thailand since 5am this morning (Friday) to refill their vehicles, after the two oil companies cut…
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PTT Public Company and Bangchak Corporation have agreed to reduce the prices of benzine products at their gas stations by three baht per litre, in line with a drop in…
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This year’s 10 richest families in Thailand were revealed by Forbes Asia today (Thursday), most of the rankings remain unchanged from last year. The richest family in Thailand are still…
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Oil prices at gas stations in Thailand are unlikely to drop, although global oil prices are declining because the government has to support the Oil Fuel Fund, which will have…
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On July 1, at some point during the day, the baht fell to 35.66 to the dollar, its weakest in five years. It closed at 35.63 at the end of…
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Advanced Info Service Plc (AIS) has announced its decision to acquire Triple T Broadband Plc (TTTBB) and invest in the Jasmine Broadband Internet Infrastructure Fund (JASIF) for a total of…
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The COVID-19 pandemic has caused serious damage to economies around the world and even though the worst of the outbreaks appear to be over, countries are currently having to battle…
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Low-income groups and small businesses are now getting squeezed by high inflation and potential interest rate hikes. The situation may make it necessary for the government to continue its support…
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June 30 (Reuters) – Bitcoin dropped 6.1% to $18,866.77 at 2004 GMT on Thursday, putting the biggest and best-known cryptocurrency down $1,226.41 from its previous close and down 60.9% from…
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Many wage earners are finding ready-made food, available in markets, convenience stores and at pavement eateries, increasingly unaffordable and are seeking advice on how to cook for themselves. One desperate…
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Bangkok Expressway and Metro Public Company Limited (BEM) has agreed to freeze fares on the Blue Line of the metro system, or the MRT, currently between 17 and 42 baht,…
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Thailand’s Consumer Council (TCC), a non-profit consumer protection network, has voiced its strong objection to the planned 59-baht maximum train fare for the two extended routes of the BTS sky…
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After a 12-month delay, the Thai Treasury Department will put into force a new national land appraisal price list for 2023-2026 on January 1st 2023. It will see the appraisal…
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