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LIFE

What will the Year of the Dog bring you?

Life, Published on 01/01/2018

» What will the Year of the Dog bring you?

LIFE

PromptPay 'Y2 18' glitch delays cash transfers

News, Somruedi Banchongduang, Published on 01/01/2018

» Users of the national e-payments system, PromptPay, were left frustrated Sunday when computer glitches related to the formatting of the calendar changing to 2018 held their cash hostage for about eight hours.

LEARNING

PromptPay 'Y2 18' glitch delays cash transfers

Gregory Morrissey, Published on 01/01/2018

» Users of the national e-payment system, PromptPay, were left frustrated on Sunday when computer glitches left them unable to access their cash for about eight hours.

THAILAND

Land tax bill set to face impact hearings

News, Aekarach Sattaburuth, Published on 02/01/2018

» The land and buildings tax bill is unlikely to be scrapped but public hearings on possible negative impacts are required before the National Legislative Assembly (NLA) moves ahead with its deliberation, NLA deputy chairman Surachai Liangboonlertchai has said.

BUSINESS

SCB girds itself for new standard

Business, Somruedi Banchongduang, Published on 03/01/2018

» Siam Commercial Bank (SCB) has been setting aside extra buffers against bad loans since the third quarter of 2017 to comply with International Financial Reporting Standard (IFRS) Version 9, which requires lenders to have larger reserves and earlier recognition of credit losses.

BUSINESS

Tax reform comes in dribs and drabs

Business, Wichit Chantanusornsiri, Published on 03/01/2018

» Tax reform has been high on the government's to-do list since Gen Prayut Chan-o-cha took the helm in 2014 with a goal of creating a tax base that provides sustainable revenue for the country on a long-term basis.

WORLD

Philippines restricts US firm call centre after deadly fire

Reuters, Published on 03/01/2018

» MANILA: The Philippines has barred a branch of an American call centre firm from expanding in the country following a pre-Christmas fire that killed dozens of its employees, a senior government official said on Wednesday.

BUSINESS

Banks to return fees after PromptPay crash

News, Post Reporters, Published on 04/01/2018

» Commercial banks will return service charges to customers who had to pay the fees when the PromptPay online money transfer service crashed on Sunday morning, the Thai Bankers Association says.

BUSINESS

PACE to issue 400m shares

Business, Pathom Sangwongwanich, Published on 04/01/2018

» SET-listed Pace Development Corporation (PACE) on Wednesday announced its board of directors had approved the allocation of 400 million new ordinary shares to Siam Commercial Bank (SCB) through a private placement, intending to help improve the company's financial liquidity.

THAILAND

Aircraft hub build to kick off next month

News, Thodsapol Hongtong, Published on 04/01/2018

» Airports of Thailand Plc (AOT) has approved construction of an aircraft maintenance centre at Mae Fah Luang-Chiang Rai International Airport, with its foundation-laying phase due to begin before March, AOT president Nitinai Sirismatthakarn said yesterday.