Showing 1 - 10 of 138
Eateries applaud rejig of co-payment scheme
Business, Kuakul Mornkum, Published on 25/09/2024
» A revival of the "Rao Tiew Duay Kan" (We Travel Together) co-payment scheme could help restaurants upcountry amid a gloomy outlook for this year's fourth quarter, according to the Restaurant Business Club.
Ministry rolls out promos in London
Business, Phusadee Arunmas, Published on 25/09/2024
» The Commerce Ministry recently unveiled its "Think Thailand, Next Level" promotion in London, utilising digital media billboards and a video wall, in a bid to solidify Thailand's reputation as a trusted trade partner and a hub of innovation and high-quality products.
Domestic tourism receipts set to fall short of B1tn target
Business, Narumon Kasemsuk, Published on 24/09/2024
» Domestic tourism is on course to reach 200 million trips this year, but revenue is expected to reach just 965 billion, falling short of the target of 1 trillion baht, while the private sector has called for the promotion of second-tier cities in the form of a loyalty programme.
All eyes on Thai baht
Business, Published on 23/09/2024
» The direction of the Thai currency for the remainder of the year is critical for local industries after the Federal Reserve cut interest rates as expected last Wednesday, putting more pressure on the Bank of Thailand's Monetary Policy Committee (MPC), which has held steady on rates since last year.
Outlook improves as traders await big fund buys
Business, Published on 21/09/2024
» The Stock Exchange of Thailand has broken through the 1,400-point resistance level this month and continues to climb, with consolidation at times. Blue chips such as ADVANC, GULF, banking and healthcare plays have continued to lead the gains since mid-August.
Foreign pilots allowed to fly domestic routes
Business, Molpasorn Shoowong, Published on 21/09/2024
» The Labour Ministry plans to temporarily allow foreign pilots to fly domestic routes through wet lease arrangements for airlines, but future requests from other airlines will be considered on a case-by-case basis.
Centara Life to offer flexible hotel stays
Business, Molpasorn Shoowong, Published on 20/09/2024
» Centara Hotels & Resorts (CHR) is upbeat on the "upper midscale" segment trend as it launches a rebranded Centara Life, with plans to expand in Southeast Asia, Japan and the Middle East.
Hotel operators keen on reviving co-payment scheme
Business, Narumon Kasemsuk, Published on 20/09/2024
» Hotel operators have applauded the idea of reviving the co-payment scheme for hotel expenses as it could help encourage domestic purchasing, while related stakeholders raised concerns over 1,400 unresolved fraud cases from previous phases of the scheme.
OPEC+ Delays Production Increase Following a Drop in Oil Prices.
Published on 18/09/2024
» The average price of ICE Brent crude oil in Q3 2024 (from July 1 to September 9, 2024) was $80.4 per barrel, down from an average of $84.9 per barrel in Q2 2024. This decline is attributed to OPEC+’s planned increase in crude oil production by 180 KBD per month from October to December 2024, and by 213 KBD per month from January to September 2025. (Previously, OPEC+ had voluntarily reduced production by 2.2 million barrels per day.) Additionally, demand declined as the US driving season ended, and the political situation in Libya stabilized. However, on September 5, 2024, eight OPEC+ members announced a two-month delay in the production increase plan.
Travel demand benefits BAFS
Business, Yuthana Praiwan, Published on 17/09/2024
» Thailand's aviation industry is poised for continued growth, driven by increasing travel and rising demand for jet fuel, according to Bangkok Aviation Fuel Services Plc (BAFS).