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Thai economy slowed down in March 2024 (BoT) - Thailand Business News
The Thai economy slowed in March 2024, with softening domestic demand and tourism. Despite signs of improvement in the first quarter, growth is expected to remain low year-on-year, driven by tourism and private investment, while exports and manufacturing lag due to weak global demand
Six state owned banks cut their loan rates - Thailand Business News
Six state banks have followed the Thai Bankers Association’s lead by cutting their lending rate for small borrowers by 0.25%. This decision will take effect on May 1, in alignment with the MRR decrease of 0.25% for creditworthy customers over the next six months.
TAT's CF-Hotels Initiative: A Step Towards Sustainable Tourism - Thailand Business News
The www.cf-hotels.com platform helps hotel and lodging operators monitor their environmental performance by documenting energy, water, waste, and greenhouse gas data. This data can assist businesses in understanding their carbon footprint, making sustainable management decisions, and ultimately reducing greenhouse gas emissions to lower energy expenses.
Market for Alternative Investment (mai) welcomes industrial stone product manufacturer “STX” - Thailand Business News
Market for Alternative Investment (mai) will list Stone One pcl, a manufacturer and distributor of industrial stone products for construction and dolomite minerals, on April 26, 2024 under the ticker symbol “STX”.
Thai PM faces Challenges Securing Funding for Digital Wallet Scheme - Thailand Business News
In order to fund this initiative, the government is considering borrowing money to ensure that the program can be sustained. However, this approach has raised concerns about the potential increase in national debt and the long-term financial burden it may place on the country.
South Korean international students turn away from China - Thailand Business News
China has experienced a significant decline in the number of international students from South Korea, with a 78% drop between 2017 and 2023. Factors such as China's zero-COVID policy, tensions over THAAD, and South Korean business retreat from China have contributed to this decline.
Thailand's Semiconductor Industry: Striving for Leadership in Southeast Asia - Thailand Business News
The semiconductor industry in Thailand has been experiencing rapid growth in recent years. With a strong focus on developing its technological capabilities, the country has the potential to emerge as one of the leading key players in the Southeast Asia (SEA) region.
2024 measures to boost property sector to have limited impact - Thailand Business News
Despite the positive impact of the measures, SCB EIC anticipates a limited overall increase in market demand due to factors such as household debt, high interest rates, and limited access to housing loans affecting buyers with moderate to lower purchasing power.
SEC to restrict access to unlicensed digital asset service platforms (SEC News) - Thailand Business News
The SEC and the Ministry of DE are working together to limit access to unauthorized digital asset platforms, combat money laundering, and fight cybercrime. Investors are advised to withdraw their assets and exercise caution. For a list of licensed operators, visit the SEC's website.
Uncovering the Expansion of the Human Trafficking Black Market in Thailand - Thailand Business News
The Government of Thailand has made significant efforts to combat trafficking, including increasing the number of investigations, prosecutions, and convictions, but still falls short of fully meeting the minimum standards for the elimination of trafficking.
Singapore's Pioneering Role in Sustainable Finance in Southeast Asia - Thailand Business News
Singapore has established itself as a leader in sustainable finance within the Southeast Asian (SEA) region. The city-state's strategic initiatives and public sector leadership have positioned it as a blueprint for green financial centers globally.
South East Asia is falling short on green investments - Thailand Business News
The recent report from global consultancy Bain & Company emphasizes the inadequate green investments in Southeast Asia, which are necessary to reduce emissions. The report also points out the region's heavy dependence on fossil fuels and the slow progress of clean energy development.
China’s lead in green and dirty energy a hurdle for EU climate agenda - Thailand Business News
China's climate actions are primarily driven by concerns about regime stability rather than threats to individuals or the environment. Amid economic challenges, Beijing aims to enhance legitimation strategies focused on material welfare and energy security, explaining its heavy investments in the green transition.
Siam Legal Thailand Wins Prestigious Thailand Elite Visa Sales Award - Thailand Business News
Awarded by Thailand Privilege Card Co., Ltd. (TPC), this honor reinforces Siam Legal's status as a leading provider of immigration services in Thailand, showcasing our unwavering commitment to outstanding service and exceptional dedication to our valued Thailand Elite Visa clients.
Singapore's Sustainable Finance Initiatives: A Closer Look - Thailand Business News
Singapore has been at the forefront of sustainable finance in Asia, with a series of initiatives that reflect its commitment to environmental sustainability. Here are some of the specific programs and measures that have positioned Singapore as a leader in this field
Thailand is considering implementing protective tariffs on imports from China - Thailand Business News
The Thai government is contemplating enforcing a seven percent value-added tax on Chinese products priced below 1,500 baht (US$40) that are funneled through Thailand‘s free trade zones to safeguard local businesses
SEC amends regulations on initial coin offering (ICO) governance - Thailand Business News
SEC amended regulations regarding ICO Governance and advertising to enhance investor confidence and ensure necessary information is provided. Key points include check and balance mechanisms, token holder resolutions, and advertising compliance.
China's Expenditure on Global Development - Thailand Business News
Chinese financial institutions have lent $1.34 trillion to developing countries from 2000 to 2021, with lending shifting from infrastructure to rescue financing. This has drawn criticism from the West and recipient countries due to debt concerns.
Hong Kong approves first batch of crypto ETF applications - Thailand Business News
This approval means that investors in Hong Kong will soon have the opportunity to invest in Bitcoin and Ethereum through regulated and traditional investment channels, potentially increasing accessibility and legitimacy for these cryptocurrencies
Singapore faces competition from Thailand and Malaysia as regional hub for multinationals - Thailand Business News
While Singapore still holds advantages in location, language proficiency, and financial services, rising costs are prompting Japanese and European companies to consider relocating specific functions, such as sales, to other Southeast Asian countries like Thailand.
China Confronts the Middle-Income Trap - Thailand Business News
China’s problems are structural, rather than cyclical. Among other factors, its slowdown is due to rapid aging, a busted real-estate bubble, a massive overhang of private and public debt (now close to 300% of GDP), and a shift from market-oriented reforms back toward state capitalism.
Maha Songkran World Water Festival 2024 Unveiled with Epic Spectacle - Thailand Business News
The ceremony will continue for five days at Sanam Luang, featuring cultural and musical performances, traditional Thai activities, and the promotion of Thai soft power through various showcases and displays.
Cryptocurrency adoption rises in SEA shows global report data - Thailand Business News
Southeast Asia has emerged as a global powerhouse in cryptocurrency adoption, with countries such as Singapore, Malaysia, Thailand, Indonesia, the Philippines, and Vietnam witnessing a substantial surge in cryptocurrency use and acceptance in recent years.