Showing 1 - 10 of 379
Can Thailand lead reboot of the Asia Cooperation Dialogue?
Oped, Kavi Chongkittavorn, Published on 24/09/2024
» In 2002, Thailand brought together major Asian nations to form the Asia Cooperation Dialogue (ACD). It was a bold and visionary move to create a powerful platform to foster pan-Asian economic integration after the 1997 Asia financial crisis or the Tom Yum Kung crisis.
Virtual bank race: 5 in the running
Somruedi Banchongduang, Published on 23/09/2024
» The Bank of Thailand has received five applications for three virtual bank licences, with two of the bidders set to drop out of the race over the following year.
Thailand’s EV Industry Fuels Commercial Real Estate Boom
Published on 23/09/2024
» Thailand is poised to become Southeast Asia’s leading market for electric vehicle (EV) manufacturing and innovation, which will have significant implications for the country’s commercial real estate industry. According to JLL (NYSE: JLL), sustained growth in Thailand’s EV industry, supported by government policies and foreign investment, will create an addressable real estate market of at least $6.5 billion (THB220 billion) by 2030, underpinning the country’s rise as a regional leader in EV manufacturing and innovation.
Thai casino plan gains momentum
News, Chairith Yonpiam, Published on 23/09/2024
» The ruling Pheu Thai Party has defended its casino-entertainment complex project, saying it will legalise the underground activity and allow the government to collect tax revenue from it.
Where to look as rates dip
Business, Nuntawun Polkuamdee, Published on 23/09/2024
» After the Federal Reserve cut US interest rates for the first time in four years last week with more trims planned, positive sentiment pulsed for various assets.
US can't rely on inflation shamanism
News, Published on 23/09/2024
» Google "shamanism" and you will find that it is "a tradition of part-time religious specialists who establish and maintain personalistic relations with specific spirit beings through the use of controlled and culturally scripted altered states of consciousness." Every element of that definition applies to monetary policymaking today, as illustrated by the reaction to the US Federal Reserve's Sept 18 decision to cut the short-term interest rate by 50 basis points.
Bank of Thailand sticks to 3 virtual bank licences
Business, Published on 21/09/2024
» The Bank of Thailand is maintaining its policy of initially granting only three virtual bank licences, despite receiving a large number of applications from interested operators.
Asian shares extend rally sparked by Fed
Business, Published on 21/09/2024
» RECAP: Asian shares extended their rally yesterday in the afterglow of an outsized US interest rate cut, while the yen edged higher as the Bank of Japan held rates steady and stayed upbeat on the economy.
Finance minister urges sovereign credit rating upgrade
Business, Wichit Chantanusornsiri, Published on 20/09/2024
» Thailand's sovereign credit rating should be upgraded, as the government's interest payment burden is relatively low, says Finance Minister Pichai Chunhavajira.
Surviving a climate disaster isn't a vote-changer
News, Published on 20/09/2024
» This year, elections and extreme weather events have collided: In India, the spring general election was snarled by a heat wave that killed dozens of people, including poll workers. In Germany, severe flooding prompted evacuations just days before elections for the European Parliament. And in the US, people attending campaign rallies have fallen ill from record-breaking heat.