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BUSINESS

US fintech firm Block sheds 4,000 staff, cites AI

Published on 28/02/2026

» OAKLAND, California - Block, the parent company of the fintech firms Square and Cash App, is laying off 40% of its 10,000 employees, stating plainly that the decision was driven by artificial intelligence.

LIFE

Bangkok vendors: lives on the streetfront

Nannalin Tiengtae, Published on 28/02/2026

» For decades, street vendors have been Bangkok’s heartbeat — feeding office workers, day labourers and night wanderers alike. Bustling roads and alleys have long been a familiar sight in the city, recognised by many international travel blogs and tourism rankings for its street food culture.

THAILAND

PROUD posts record revenue of B6.4bn, up 183%, with strong backlog of B6.1bn

Published on 28/02/2026

» PROUD asserts its dominance in luxury wellness real estate. showcasing a historic record-breaking performance for fiscal year 2025, benefiting from ownership transfers of three major projects: Nue District R9, VEHHA Hua Hin and VI ARI, driving net profit to 168 million baht. The company reaffirms a robust financial position and strong liquidity, ready to pursue new projects immediately, with a strategic focus on luxury wellness with global standard detached houses to meet demand from high-net-worth Thai and international buyers.

THAILAND

Lotus’s Hits 30M Online Orders in 2025 Across All Channels

Published on 27/02/2026

» · In 2025, Lotus’s recorded a total of 30 million online orders across all channels, with 21 million orders via the Lotus’s Smart App, reinforcing its leadership as Thailand’s Leading Grocery On-Demand platform.

BUSINESS

CP AXTRA spearheads retail technology

Business, Kuakul Mornkum, Published on 27/02/2026

» Amid rapidly changing customer behaviour, retail and wholesale businesses face new challenges. Shoppers are more sophisticated, embracing omni-channel retail as they shift buying habits, requiring operators to rethink their operational strategies.

WORLD

Australian supermarket giant reins in AI assistant claiming to be human

AFP, Published on 27/02/2026

» SYDNEY - Australian supermarket giant Woolworths has been forced to rein in an AI-powered customer service assistant after users reported it had been rambling about its mother.

PROPERTY

Sansiri launches B1bn programme to invest in small businesses

Business, Kuakul Mornkum, Published on 27/02/2026

» SET-listed property developer Sansiri has launched a 1-billion-baht strategic investment programme over three years in a bid to support small and medium-sized enterprises (SMEs) as part of the company's strategy to increase revenue from non-core businesses.

BUSINESS

SCB predicts gradual baht decline

Business, Somruedi Banchongduang, Published on 27/02/2026

» Siam Commercial Bank (SCB) expects the baht to gradually weaken against the US dollar, reaching 33 baht per dollar in the fourth quarter of this year, driven by a combination of domestic and external factors.

BUSINESS

Tariff turmoil fails to rattle WHA's expansion blueprint

Business, Ranjana Wangvipula, Published on 27/02/2026

» US President Donald Trump's new 15% tariff policy does not pose a new business challenge to WHA Corporation, which is now prepared to navigate the economic uncertainty continuously fuelled by the world's largest economy.

BUSINESS

Two banks cut lending interest rates

Business, Somruedi Banchongduang, Published on 27/02/2026

» In response to the Bank of Thailand's policy rate cut on Wednesday, Bangkok Bank (BBL) and the Bank for Agriculture and Agricultural Cooperatives (BAAC) yesterday announced a reduction to their lending interest rates of 0.1 percentage points per year.