Showing 1 - 10 of 6,945
Big Tech sell-off takes toll on Asian equities
Business, Published on 27/07/2024
» RECAP: Asian equities were mixed on Friday as traders weighed the rising expectations of US interest rate cuts against continued weakness in technology shares after a protracted run-up in prices.
Prepare for a rough ride
Business, Published on 27/07/2024
» As we approach the midpoint of the third quarter, the economic and financial market picture is becoming clearer. First, the US Federal Reserve is likely to cut interest rates soon. Second, the US presidential race is likely to intensify. And third, China's economic slowdown is decelerating, implying the need for more stimulus. But the signals from the Beijing government have been to focus more on quality growth than quantity.
GO Wholesale Opens First Southern Branch in Phuket
Published on 26/07/2024
» GO Wholesale, a food wholesale centre under Central Retail Corporation (CRC), has proudly launched its inaugural branch in the southern region of Thailand, located in Rawai, Phuket. This new establishment aims to create a comprehensive "Food Paradise," offering extensive member benefits while playing a pivotal role in stimulating the local economy. The opening ceremony was graced by the esteemed presence of VDC Col. Adul Chutong, Deputy Governor of Phuket Province.
Up to 2m vendors set to participate in scheme
Business, Phusadee Arunmas, Published on 26/07/2024
» The Commerce Ministry has confirmed that it will finalise registration of 2 million vendors for the digital wallet handout scheme by September.
Digital wallet details fail to rally SET
Business, Nareerat Wiriyapong, Published on 25/07/2024
» The government's announcement regarding the delayed digital wallet handout scheme failed to boost the Stock Exchange of Thailand (SET) as the index slipped below the psychological level of 1,300 points on Wednesday with major commerce company CP All (CPALL) among the biggest losers.
Thailand bets on B500bn cash handout to revive economy
Bloomberg News, Published on 24/07/2024
» The government expects the rollout of a long-delayed cash handout to most adult citizens to help reverse a slump in economic activity and tackle the highest household debt in Southeast Asia.
PM to reveal more handout details on Wednesday
Mongkol Bangprapa, Published on 23/07/2024
» Prime Minister Srettha Thavisin on Wednesday will outline more details of the government’s flagship digital money handout, in which more than one million shops and vendors are registering to participate, the government said on Tuesday.
Seeking new engines of growth
Wichit Chantanusornsiri, Published on 22/07/2024
» About 40 years ago, natural gas was discovered in the Gulf of Thailand, creating excitement across the country. This period marked the dawn of Thailand's golden era. Following this discovery, the Eastern Seaboard Development Project was initiated to develop the eastern coastal region. Foreign investment poured in, enabling the economy to expand at a double-digit rate while raising hopes that Thailand would become Asia's fifth tiger.
China shares lead regional decline as risk rises
Business, Published on 20/07/2024
» RECAP: Asian equities and currencies declined on Friday as economic and geopolitical risks trumped market optimism surrounding US interest-rate cuts. Mainland Chinese stocks in Hong Kong led the region's losses as the Communist Party's third plenum failed to convince investors about economic growth impetus.
Department predicts rise in new business registrations
Business, Phusadee Arunmas, Published on 19/07/2024
» The Department of Business Development (DBD) expects new business registrations for 2024 to reach between 90,000 and 98,000, marking a 5-15% increase, attributed to the progress of the digital wallet handout policy, measures to attract foreign investment, namely the long-term resident visa scheme and corporate income tax exemption for foreign companies that conduct business here, as well as the use of investment budget following the disbursement of fiscal 2025 budget that began on April 26.