Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
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 told Thai PBS that she used to buy clothes from Bangkok’s Pratunam market and sell them online to customers. She said the business was not
The Bank of Thailand is open to feedback from all stakeholders, until the end of this month, about its plan to set up virtual banks in Thailand, Governor Sethaput Suthiwartnarueput said today (Wednesday). He said that the feedback will be used to fine-tune in the drawing up of guidelines to enable virtual banks to become
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 currently free to play, might be put behind a paywall. Announcing on Monday that it had bought Wordle for an undisclosed price in the low
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 for COVID-19. This time, quarantine-free entry will be available to travelers from all countries – though they will have to take two RT-PCR tests during
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 portfolio as it seeks to grow its non-airline revenue. Capital A CEO Tony Fernandes said the COVID-19 pandemic has allowed the group to accelerate plans
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 from income earned in the same year by exchange operators under the supervision of the Securities and Exchange Commission, said Revenue Department Director-General Ekniti Nitithanprapas
The Thai national economy is expected to grow by 4% this year, thanks to the limited impacts of the COVID-19 pandemic in many countries, the recovery in tourism under the “Test and Go” program and export growth, according to a forecast by the Fiscal Policy Office at the Finance Ministry. Ministry Spokesman and Director of
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 unpaid compensation. Speaking on behalf of the laid-off workers, a labour activist said that about 300 former employees of the firm have not received any
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 its recent decision to voluntarily cease trading and return its license is the best option under which all the insured will get their entitlements. Southeast
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 year. The upbeat outlook from CEO Elon Musk came after the world’s most valuable automaker posted record quarterly revenue that beat Wall Street expectations. But
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 become a significant part of the new normal lifestyle in Thailand, particularly during the COVID-19 pandemic over the past two years, when many people, especially
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 among millions of the company’s clients. On Wednesday, Thai Group Holdings, the parent company of Southeast Insurance, notified the Stock Exchange of Thailand of the
