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GENERAL

The lowdown on the 1997 financial crisis

Business, Published on 12/02/2024

» The 1997 Tom Yam Kung crisis was triggered by excessive loan extension by financial institutions and the liberalisation of the country's financial market, allowing Thai commercial banks to borrow money from foreign financial institutions to provide loans to businesses, says Sanan Angubolkul, chairman of the Thai Chamber of Commerce.

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GENERAL

Bid to accelerate development of Open ThaiGPT project

Suchit Leesa-nguansuk, Published on 07/02/2024

» Thailand is accelerating the development of the Open ThaiGPT project, hoping the country can avoid heavy reliance on foreign technologies in the area of artificial intelligence (AI).

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GENERAL

Thailand and Sri Lanka sign trade pact

Published on 03/02/2024

» COLOMBO - Thailand and Sri Lanka signed a free trade agreement on Saturday, a move that Sri Lanka hopes will help it emerge from its worst financial crisis in decades.

GENERAL

PM to sign Sri Lanka FTA in days

Mongkol Bangprapa, Published on 02/02/2024

» Thailand and Sri Lanka will sign a free trade agreement (FTA) this week during Prime Minister Srettha Thavisin's trip to the island country, said spokesman Chai Watcharonke on Thursday.

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GENERAL

CMAN signs agreement with KMC to build new world-class lime factory in Northern India

Published on 24/01/2024

» CMAN has made a hugely significant move by signing the "Khimsar Agreement" with Khimsar Mine Corporation to build a modern lime factory in Khimsar, Rajasthan, only the first step towards becoming one of the largest lime producers in India.

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GENERAL

SCGP anticipates 15% revenue growth

Business, Lamonphet Apisitniran, Published on 24/01/2024

» SCG Packaging Plc (SCGP) expects its revenue to increase by 15% to 150 billion baht this year, thanks to the recovery of exports and tourism that will boost demand for packaging.

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GENERAL

Ministry continues to monitor product prices

Business, Phusadee Arunmas, Published on 20/01/2024

» The Commerce Ministry is keeping a close watch on prices in 18 categories in the first quarter, with costs nudging up for animal feed raw materials, the minimum wage is adjusted, and transport costs rise as a result of the Red Sea attacks.

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GENERAL

State spending to rise by 3.4% to B3.6tn

Business, Phusadee Arunmas, Published on 17/01/2024

» The cabinet has approved a budget of 3.6 trillion baht for fiscal 2025, with the budget deficit expanding to 713 billion baht.

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GENERAL

Hotels not keen on e-receipt system

Business, Molpasorn Shoowong, Published on 13/01/2024

» Hotel operators say the Easy E-Receipt scheme may not benefit the tourism industry, as those who are eligible to use this tax rebate may opt for shopping instead.

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GENERAL

Ministry aiming to sign 3 FTAs in 2024

Business, Phusadee Arunmas, Published on 10/01/2024

» The Commerce Ministry is aiming to sign three free trade agreements (FTA) this year, including two new agreements with Sri Lanka and the European Free Trade Association (EFTA).