Is the gulf between crypto believers and skeptics unbridgeable?

Trading in cryptocurrencies has come under high pressure recently. The value of bitcoin, the most popular cryptocurrency among traders overseas and in Thailand, slumped to US$36,040.92 per bitcoin on May…

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Social security for informal sector labour a pressing national priority

As we approach another Labour Day on May 1, many economists believe one of the priorities for the government is to expand social security so as to cover all workers…

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Tesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. 1, 2020. (Hannibal Hanschke/Pool Photo via AP, File)

Elon Musk buys Twitter for $44B and will take it private

Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he —…

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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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Reviving Thailand: Transportation

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Reviving Thailand: Hospitality

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Reviving Thailand: Start-up businesses

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Reviving Thailand: Tourism Businesses

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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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Reviving Thailand: Street Food

In March of 2020, the Thai Government declared a state of emergency. Soon afterwards borders were closed to foreign arrivals due to the stringent measures to curb the spread of…

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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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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’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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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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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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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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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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Zero net emissions by 2050: a huge challenge for airline industry

How can passengers take 10 billion flights a year without contributing to global warming? The question of “greening” the international aviation sector by 2050 constitutes a colossal task whose stakes — and…

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World Bank’s lowers Thailand’s GDP growth forecast for this year to 1%

World Bank has slashed Thailand’s gross domestic product (GDP) projection for 2021 to just 1%, from 2.2% originally forecast, due to the impacts of the COVID-19 pandemic, said Mr. Kiatipong…

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(Photo by Paul Faith / AFP)

Pandemic drives sea freight prices to record high

Container shipping prices have reached record highs some 18 months after the outbreak of the coronavirus pandemic which disrupted maritime logistics chains and drove demand sky-high. “We are basically running…

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What do locals think about the Phuket “sandbox” plan?

The highly-anticipated Phuket “sandbox” scheme, under which fully vaccinated foreign tourists can visit the resort island, starts today (July 1st). The locals are looking forward to welcoming tourists again, after…

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China reports its exports up 28% and imports hit decade-high

China’s exports rose 27.9 percent in May while imports grew at the fastest pace in more than a decade as the global economy powers back from the pandemic crisis, data…

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Cabinet approves four schemes to stimulate the Thai economy in Q3 and Q4

The Thai cabinet approved four economic stimulus schemes today (Tuesday), aimed at easing the cost of living burden of about 51 million Thais and stimulating the COVID-beset economy for the…

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Thailand’s GDP growth forecast to drop this year from 2.8% to 1.6% due to COVID-19

Thailand’s economic growth rate projection for this year is expected to shrink from to 1.6%, from 2.8%, due to the third wave of the COVID-19 pandemic, according to the latest…

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A Bitcoin digital currency ATM shop in Marseille, southern France, on January 8, 2021. (Photo by NICOLAS TUCAT / AFP)

Cryptocurrency gains momentum in Thailand, across globe     

Proponents of cryptocurrency are celebrating after the Securities and Exchange Commission (SEC) reached a conclusion on how to regulate trading of the asset in Thailand. “Very glad to see this…

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Phuket tour bus operators seek government help after a year of unemployment

Tour bus operators on Thailand’s resort island of Phuket are asking for help from the provincial administration after being sued for missing their lease repayments, with some facing bankruptcy, due…

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Cabinet approves asset warehousing scheme to help debt-ridden businesses

The cabinet approved financial measures today (Tuesday), worth 350 billion baht, to help financially-troubled businesses overcome the impacts of the COVID-19 pandemic. The financial package includes 250 billion baht in…

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Thai government lists three types of business which will reopen first

As the COVID-19 situation in Thailand gradually improves, the National Infectious Disease Committee has approved the limited reopening of three types of business. The first are businesses which provide life’s…

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OPEC to try to stem oil price plunge amid coronavirus slowdown

The OPEC club of oil-producing countries meets Thursday in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the…

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Income inequality, debt, climate change and plastic waste the main issues – BOT governor

Bank of Thailand Governor Veerathai Santiprabhob, in his speech entitled “Formulating for the Future of Corporate Governance”, delivered at the Finance and Beyond National Director Conference 2019 in Bangkok today…

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“Unequal wealth distribution, graft among major challenges facing Thailand”

Unequal wealth distribution is one of the most pressing problems facing Thailand with the richest one percent owning more than half of the total household wealth while entrenched corruption is…

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