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GENERAL

Credit card default risks surge in first quarter

Business, Somruedi Banchongduang, Published on 09/05/2024

» The risk of default on credit card loans rose significantly in the first quarter this year, driven by the central bank's mandate for a higher minimum payment rate.

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TECH

Campaign aims to fend off AI deepfake scams

Business, Komsan Tortermvasana, Published on 09/05/2024

» People are increasingly being threatened by artificial intelligence (AI) deepfakes that impersonate identities and collect personal information, often calling people with the voice of an acquaintance to defraud victims more easily.

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GENERAL

Making sense of Microsoft's local outlays

Business, Suchit Leesa-nguansuk, Published on 09/05/2024

» Microsoft's announcement last week of its first investment in a data centre region in Thailand is expected to enhance the country's digital ecosystem and could fuel competition in the data centre sector.

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INVESTMENT

Rejig of incentives sought to encourage investment

Business, Nuntawun Polkuamdee, Published on 09/05/2024

» The Federation of Thai Capital Market Organizations (Fetco) is preparing to propose to the Finance Ministry reviving long-term equity funds (LTFs) and adjusting the investment conditions for Thailand ESG funds to attract more investment into the local bourse.

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PROPERTY

Measures help boost AP's townhouse sales

Business, Kanana Katharangsiporn, Published on 09/05/2024

» The property measures that commenced last month helped boost townhouse sales in April, while a possible rise in the daily minimum wage needs to be weighed against a drop in the price of construction materials, according to SET-listed developer AP Thailand.

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GENERAL

Department seeks to speed up free trade negotiations

Business, Phusadee Arunmas, Published on 09/05/2024

» The Department of Trade Negotiations is pushing for free trade agreement (FTA) negotiations with trading partners to expand trade and investment opportunities as well as strengthen the economy.

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GENERAL

Thai Union records surge in Q1 profit

Business, Published on 09/05/2024

» Thai Union Group Plc reported a net profit of 1.2 billion baht in the first quarter of 2024, a 53.9% increase from the corresponding period last year.

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GENERAL

UOB slashes GDP growth to 2.4%

Business, Nareerat Wiriyapong, Published on 09/05/2024

» Singapore-based United Overseas Bank (UOB) is preparing to downgrade Thailand's GDP growth forecast this year to 2.4% from 2.8%, though it expects the Bank of Thailand to trim interest rates twice to 2% by year-end to prop up the economy.

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GENERAL

Watsons Thailand upbeat on health and beauty sector

Business, Published on 09/05/2024

» Watsons Thailand, a subsidiary of the world's largest international health and beauty retailer, expects beauty products to survive the stagnant economy.

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GENERAL

Exports falter, leading to growth cut

Business, Yuthana Praiwan, Published on 09/05/2024

» Thailand's economic outlook for this year appears less optimistic as GDP growth could tally 2.2%, down from the previous projection of 2.8-3.3%, attributed to sluggish exports weighing on the manufacturing sector, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).