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Search Result for “$8 billion”

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OPINION

Digital wallet tokens could hit scheme

Oped, Chartchai Parasuk, Published on 08/08/2024

» I bet the government never thought of this when they thought of the Digital Wallet scheme. It probably does not make sense to it that there could be millions of people shunning pseudo money, namely Digital Wallet Tokens (DWTs). Perhaps, in the government's mind, a DWT is almost on a par with genuine money -- fiat money.

OPINION

France's West Sahara move a 'thunderclap'

Oped, Published on 08/08/2024

» In what's described as a thunderclap in French North African policy, the Paris government recognised Morocco's sovereignty over the long disputed Western Sahara, a region long contested by rival Algeria and a lingering subject of endless United Nations deliberations.

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PROPERTY

GVREIT ploughs B200m into offices

Business, Kanana Katharangsiporn, Published on 07/08/2024

» Golden Ventures Leasehold Real Estate Investment Trust (GVREIT) will invest 200 million baht in the renovation of two office buildings in order to enhance their competitiveness and retain tenants amid a surge in office supply.

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INVESTMENT

Investor confidence index turns bearish in July

Nuntawun Polkuamdee, Published on 07/08/2024

» The Federation of Thai Capital Market Organizations's (Fetco) Investor Confidence Index (ICI) retreated to the bearish zone last month, dragged down by concerns over intensified geopolitical conflicts, the direction of the Federal Reserve (Fed) and Thailand's slowing economy.

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THAILAND

Supplementary budget bill sails through Senate

News, Aekarach Sattaburuth, Published on 07/08/2024

» The supplementary bill, which seeks to increase the budget for the current fiscal year by 122 billion baht to partially fund the government's digital wallet handout scheme, sailed through all three readings in the Upper House on Tuesday.

GENERAL

Consumer confidence slips again

Business, Phusadee Arunmas, Published on 07/08/2024

» Consumer confidence dropped for a fifth straight month in July, falling to its lowest level since September last year on concerns over the slow rate of economic recovery and political uncertainty, according to a survey carried out by the University of the Thai Chamber of Commerce (UTCC).

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GENERAL

Cabinet okays B433m budget for tourism

Molpasorn Shoowong, Published on 06/08/2024

» The cabinet has approved a budget of 433 million baht for the Ministry of Tourism and Sports to promote tourism during the low season through online promotions and events.

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THAILAND

State audit finds billions wasted in construction projects

News, Post Reporters, Published on 06/08/2024

» State Audit Office (SAO) spokesman Sutthipong Boonnithi said financial losses due to the inefficient management of all construction contracts during the 2023 fiscal year were more than 30 billion baht.

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OPINION

Thai-Korea ties: From K-pop to policy

Oped, Kavi Chongkittavorn, Published on 06/08/2024

» Thai singer Lalisa "Lisa" Manobal, a member of the phenomenal yet now defunct Blackpink, epitomises the modern Thai-South Korean relationship thanks to her popularity and global appeal.

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WORLD

Bangladesh army to form interim govt after PM Hasina quits

Published on 05/08/2024

» Bangladesh Prime Minister Sheikh Hasina resigned Monday after weeks of deadly protests, while the nation’s army chief announced he would help form an interim government.