Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has maintained the economic growth projection for 2024 for Thailand at 2.8%-3.3% as it urges the government to cut interest rates,…
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Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has maintained the economic growth projection for 2024 for Thailand at 2.8%-3.3% as it urges the government to cut interest rates,…
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Since Srettha Thavisin formed the new coalition government in August last year, the prime minister’s additional role as the finance minister has faded into the background. In the past six…
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A Thai business delegation, comprising business leaders in the education, food, manufacturing and agricultural industries, has been impressed by the vibrancy and infrastructural projects in East Java, Indonesia. The lack…
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The government has launched tax breaks to encourage consumer spending this year, in a bid to stimulate the economy. But will it work and who is going to benefit? From…
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Two leading business executives have shared their views about the challenges and the unpredictability of doing business in the future, ranging from depleting natural resources and digital disruption to emerging…
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The government recently sent a letter to the Council of State, its legal advisor, seeking its opinion on the proposed 500-billion-baht borrowing plan to fund the digital wallet scheme. The…
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Sarath Ratanavadi, CEO of Gulf Energy, Thailand’s third largest energy producer, is Thailand’s richest man for the fifth year in a row, with a net worth of 190.8 billion baht,…
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The Cabinet decided today to grant 120 baht in subsidy for each tonne of cut raw sugarcane, as an incentive to discourage farmers from burning the cane to facilitate harvesting,…
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While carbon credits are hailed in some quarters as a solution for the climate crisis, environmentalists warn they could send the planet spiralling into an even worse disaster. The carbon…
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Thailand is officially an aged society this year, with the number of people 60 years old and above rising to 13.5 million, or about 20 per cent of the total…
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Energy Minister Pirapan Salirathavibhaga said today that the retail oil price structure, which has been in force for about three decades, needs to be overhauled because it is unfair to…
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Prime Minister Srettha Thavisin touted Thailand as the hub of the regional economy with new potential for trade and investment in multifaceted fields.In his keynote speech yesterday at the APEC…
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Commerce Minister Phumtham Wechayachai has assured representatives of sugarcane growers that his ministry is ready to remove sugar from the list of price-controlled products, if there is consent from all…
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Thai private business operators are urging the government to speed up the finalisation of free trade agreements (FTA) with more countries to boost Thai exports, which fell for ten straight…
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At the first meeting of the Cabinet on September 13, the new government announced a debt moratorium policy for farmers and small businesses. It was a common refrain of many…
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Foreign multi-national companies are now less worried about investing in Thailand, except for some legal issues which need to be addressed to facilitate investment, claimed Prime Minister Srettha Thavisin upon…
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This Thai government’s top priority is to re-energise Thailand’s competitiveness and position as a leading investment destination, an engine of growth in the region and as a place where people…
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Move Forward party deputy leader Sirikanya Tansakul has accused the government of overspending by resorting to borrowing an additional 130 billion baht to partially fund the 560 billion baht digital…
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Praween Chanklai, aka “Kamnan Nok, operates two construction firms, P. Phatanarungrod and P. Raweekanok, which have won contracts in 1,544 construction projects in 11 provinces combined. These contracts have been…
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Energy Minister Pirapan Salirathavibhaga has given his assurance that his ministry will work with the Commerce Ministry to reduce the marketing fee for gasoline (benzine) to two instead of three…
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The Cabinet decided today (Wednesday) to retain the 7% value-added tax (VAT) rate on goods and services until September 30, 2024, to stimulate economic recovery through spending on consumer products…
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Prime Minister-elect Srettha Thavisin held talks with representatives of eight airlines, Airports of Thailand (AoT) and the Civil Aviation Authority of Thailand (CAAT) today (Monday), seeking cooperation to boost tourist…
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Three months of uncertainty and anxiety for Thailand’s economy and the business sector ended last week as Parliament finally elected the country’s 30th prime minister after the May 14 general…
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As a new Thai government is taking shape under the leadership of Prime Minister Srettha Thavisin, the Japanese business sector, which plays a crucial role in Thailand’s economy, looks forward…
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Thai Airways International (THAI) is expected to exit the court sanctioned rehabilitation plan three months ahead of schedule, in the middle of next year, as the airline’s performance has been…
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Diplomatic relations between Saudi Arabia and Thailand were re-established in 2022, ending several decades of rift between the two countries. This led to growing economic cooperation. Thai entrepreneurs had been…
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Most business leaders in Thailand are concerned that the delay in the formation of a new government and post-election political conflicts will impact the Thai economy during the second half…
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Thailand’s exports have contracted for nine months in a row, but are expected to rebound during the second half of this year, with export growth of 1-2% for the whole…
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Several of Thailand’s business leaders are expressing concern over political instability. A new government has still not been formed since the general election in May. The business community is asking…
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For the first time since reliable records have been kept, Thailand is experiencing a tourism deficit with Japan, according to statistics for the first 6 months of 2023, revealed the…
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Language barriers and cultural differences remain major obstacles to globalised trade, in a world that might not be as interconnected and integrated as we think. While cultural and linguistic diversity…
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Fitch credit rating agency has affirmed Thailand’s long-germ foreign-currency issuer default rating (IDR) at BBB+, with a stable outlook. Fitch warns, however, that lingering political uncertainty may weigh on Thailand’s…
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Electric-vehicle maker Tesla TSLA.O rolled out a new program globally allowing buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost…
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Foreign buyers will fuel growth in Thailand’s property market during the second half of this year but domestic buyers have not fully regained their purchasing power due to unfavourable factors,…
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The Stock Exchange of Thailand (SET) Index has been heading south in recent days due to poor market sentiment, partly caused by the accounting scandal at Stark Corporation Public Company…
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Despite the various degrees of content limitation and changes Southeast Asia media are facing, all online media in the region, and probably globally, are now struggling financially. As social media…
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The domestic MICE (Meeting, Incentive, Convention, Exhibition and Event) industry has long played a major role in helping the travel industry and stimulating the economy when international demand has significantly…
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Despite slowing inflation, the residential market in the first few months of 2023 has been sluggish, the real estate sector reports. Overall, the housing demand in Thailand has dropped and…
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With fewer babies than ever being born in China, companies making children’s products are setting their sights beyond milk bottles, baby carriers and strollers to stay in business. “We now…
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The world’s population is getting older. And Thailand is among the fastest-aging societies in the world. Of its 67 million population, more than 12 million Thais are elderly, according to…
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Travel experiences in Asia Pacific have returned to rapid growth since the region reopened borders for regional and long-haul travel. However, the industry – especially tour activities and attractions –…
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Netflix Inc said on Tuesday (April 25) it plans to invest $2.5 billion in SouthKorea over the next four years to produce Korean TV series, movies and unscripted shows, doubling…
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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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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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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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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 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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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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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 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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A high-level Thai delegation was in Saudi Arabia on July 25th and 26th to hold discussions between counterparts to form a framework of cooperation in investment and other areas, according…
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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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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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Customers who have pre-paid for buffet vouchers from the Japanese restaurant chain Daruma are being urged by a lawyer to file complaints with the Central Investigation Bureau at 3pm today…
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Bitcoin plunged below $20,000 on Saturday, shedding nine percent from the previous day to fall to $18,740, its lowest level since December 13, 2020. With investors increasingly wary of risk, the world’s most popular…
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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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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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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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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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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…
Read MoreIn 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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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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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 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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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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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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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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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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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 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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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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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’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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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 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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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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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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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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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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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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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…
Read MoreUnequal 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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