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BUSINESS

True taking IoT nationwide

Business, Komsan Tortermvasana, Published on 29/03/2018

» True Corporation is flexing its muscle in Internet of Things (IoT) services through the launch of a Narrowband IoT (NB-IoT) network that covers every major province and is scheduled to expand to all provinces nationwide by May this year.

BUSINESS

Service industry may open up to foreigners

Business, Phusadee Arunmas, Published on 26/03/2018

» The government is mulling opening some service businesses, particularly those related to the government's targeted industries, to more foreign investment.

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BUSINESS

Wave sells 10% to Mall Group

Business, Pitsinee Jitpleecheep, Published on 26/03/2018

» SET-listed Wave Entertainment Plc, operator of the Jeffer steak chain and the language learning centre Wall Street English, sold a 10% stake last week to The Mall Group, the country's second-largest retail group.

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BUSINESS

Ma poised to reveal EEC investment

Business, Lamonphet Apisitniran, Published on 26/03/2018

» Jack Ma, founder and executive chairman of Chinese e-commerce giant Alibaba Group, will visit Thailand next month to announce the group's future investment in the Thai government's flagship Eastern Economic Corridor (EEC) scheme, says the Industry Ministry.

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THAILAND

Dubious aid for two giants draws flak

Business, Published on 26/03/2018

» Public queries have bombarded the military-led government and the telecom regulator after their decision to take the inexplicably generous route of invoking Section 44 to ease the financial burdens of Advanced Info Service Plc (AIS) and True Move, the winners of the 4G licence auctions three years ago.

BUSINESS

PDMO budgets up to B50bn for yearly borrowing in EEC

Business, Wichit Chantanusornsiri, Published on 26/03/2018

» The Public Debt Management Office (PDMO) plans to earmark 30-50 billion baht a year from its annual borrowing to finance the government's 1-trillion-baht infrastructure investment in the much-touted Eastern Economic Corridor (EEC) project.

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BUSINESS

Online sellers accused of sidestepping taxes

Business, Wichit Chantanusornsiri, Published on 26/03/2018

» Some merchants are exploiting the online distribution channel to avoid tax payment even though they have physical shops, says a source at the Revenue Department.

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BUSINESS

European cities struggle to cope with 'overtourism'

Business, Published on 26/03/2018

» BERLIN: Europe's tourist hotspots are looking for new ways to cope with "overtourism", where cities like Venice, Dubrovnik and Barcelona are struggling to manage huge crowds arriving daily on cheap flights and cruise ships.

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BUSINESS

Durian-fuelled Chinese storm stores

Business, Pitsinee Jitpleecheep, Published on 26/03/2018

» Love it or hate it, Chinese visitors are driving Thailand's tourism sector, which accounts for about a fifth of the economy.

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BUSINESS

Amended NCB Act tipped to include fintech firms

Business, Somruedi Banchongduang, Published on 26/03/2018

» The Bank of Thailand has already proposed to the Finance Ministry the amended draft of the National Credit Bureau (NCB) Act to enable fintech companies to be members of the country's sole credit information centre in an effort to let the bureau have more comprehensive credit information amid increasing digital lending.