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Joseph Stiglitz: A Path to Freedom for a Better Economy and Society
Published on 22/10/2024
» Joseph Stiglitz, a world-renowned economist and Nobel Prize winner in Economics in 2001, is a visionary expert in economics. His work on Asymmetric Information Theory earned him the Noble Prize. This theory analyses how capitalism and market mechanisms, where information is unevenly distributed, influence decision-making by buyers and sellers, leading to economic and social inequality, and preventing sustainable economic development.
New Thaksin controversy hits Thai stocks' prospects
Business, Nareerat Wiriyapong, Published on 22/10/2024
» Global and local politics, including the Election Commission's (EC) decision to accept a case against Thaksin Shinawatra for dominating the internal issues of the ruling Pheu Thai Party, are limiting the upside for the Stock Exchange of Thailand (SET) after the Thai index briefly topped the 1,500-point range on Friday, say analysts.
Cambodia backs Thai-led 6-country single visa plan
News, Chairith Yonpiam, Published on 22/10/2024
» Cambodia has agreed with the Thai government's initiative to facilitate cross-border travel for tourists from six countries in the region through a single visa policy called "6 Countries, 1 Destination", positioning Thailand as a regional tourism hub, according to a source at Government House.
Thai govt urged to act on foreign businesses in tourism
News, Aekarach Sattaburuth, Published on 22/10/2024
» The Senate is urging the government to crack down on tourism businesses run by local proxies of foreign citizens in an effort to protect local businesses against unfair competition.
Digital economy at core of two key forums in 2025
Business, Komsan Tortermvasana, Published on 18/10/2024
» The Digital Economy and Society (DES) Ministry plans to host two international forums next year -- the Asean Digital Ministers Meeting (ADGMIN) in January, and the Global Forum on the Ethics of Artificial Intelligence in June.
InnovestX anticipates further rate cuts by BoT
Business, Nuntawun Polkuamdee, Published on 18/10/2024
» InnovestX Securities expects the Bank of Thailand to continue cutting the policy rate to 1.50% next year, down from 2.25%, to maintain the interest spread between the Thai policy rate and the US federal funds rate.
Russia to push new payment system at Brics summit
Published on 17/10/2024
» MOSCOW - Russia is seeking to convince Brics countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts the group’s leaders at a summit next week.
BoT, govt may have wrong inflation data
Oped, Chartchai Parasuk, Published on 17/10/2024
» At the time of writing (Tuesday), the Bank of Thailand's Monetary Policy Committee (MPC) had not met to decide on the policy interest rate which is currently set at 2.50%. The panel was scheduled to meet yesterday and the committee was under pressure to lower the rate by 25 basis points. The pressure arises from many months of low inflation rates and the recent strong Thai baht. Several central banks in the region have cut their policy interest rates for those two reasons. The latest one is the Bank of Korea.
Tourism to gain from central bank cut
Business, Molpasorn Shoowong, Published on 17/10/2024
» Thailand's policy rate cut is expected to benefit the tourism industry, letting business operators invest and upgrade their services to improve competitiveness, while tourist spending could increase.
Foreign investors' holdings hit B5.18tn
Business, Nuntawun Polkuamdee, Published on 16/10/2024
» Foreign investors' holdings of Thai shares rose by 1.37% in the first eight months of 2024 to 5.18 trillion baht, with technology, financial and services the top three sectors attracting the most foreign investment, according to the Stock Exchange of Thailand (SET).