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GENERAL

True boosts network for Bangkok royal barge procession

Business, Published on 22/10/2024

» True Corporation has enhanced its 5G, 4G and WiFi networks to support public viewing of the Royal Barge Procession along the Chao Phraya River, which sets off from Rama VIII Bridge to Wat Arun.

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THAILAND

ICONSIAM Launches 60 Campaigns to Boost Thai Tourism

Published on 21/10/2024

» ICONSIAM, the global landmark on the banks of the Chao Phraya River, is employing an “Experiential Marketing” strategy aimed at creating exceptional experiences and reaffirming its status as a must-visit global destination. In collaboration with partners from all sectors, ICONSIAM is investing up to 300 million baht to launch over 60 marketing campaigns throughout the final quarter of the year, culminating in the grand “Amazing Thailand Countdown 2025.” Featuring world-renowned artists, this event reinforces ICONSIAM’s position as the ultimate Global Countdown Destination. The venue expects to see a 20% increase in traffic, stimulating the tourism sector and contributing to Thailand’s ongoing economic growth.

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GENERAL

Korean food exporters promote products at Bangkok expo

Business, Kuakul Mornkum, Published on 21/10/2024

» South Korea's Ministry of Trade, Industry and Energy is working with the Korea Trade-Investment Promotion Agency (Kotra) to host "Seoul Food in Bangkok 2024", the country's largest food exhibition.

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INVESTMENT

Falling interest rates to benefit Thai banks

Nuntawun Polkuamdee, Published on 21/10/2024

» As global interest rates are clearly on a downward trend, with the Bank of Thailand expected to cut its policy rate again in December, banking stocks should benefit, according to analysts.

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LIFE

Level up your job search at True Digital Park West

Life, Published on 21/10/2024

» Job seekers are invited to look for career opportunities at Job Connect 2024 which will kick off this Friday and run daily from 10am to 6pm until Sunday, at True Digital Park West, Sukhumvit 101 (BTS Punnawithi, Exit 6).

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GENERAL

Traders cautious amid mixed signals from China

Business, Published on 19/10/2024

» RECAP: Asian stocks traded cautiously on Friday after mixed readings on the health of China's economy. The dollar traded close to an 11-week high as robust US economic data suggested the Federal Reserve need not cut interest rates too aggressively.

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OPINION

Beastly diversions

Oped, Postbag, Published on 19/10/2024

» Re: "Thailand's most unlikely A-list celebrity", (PostScript, Sept 22) & "Hippo rescue", (PostBag, Oct 17).

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PROPERTY

Home purchasing power takes a hit

Business, Kanana Katharangsiporn, Published on 18/10/2024

» A mismatch between the growth of housing prices and income, actual housing costs including transport expenses, and high household debt is denting home purchasing power, according to SET-listed residential developer Sena Development.

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THAILAND

Subcontractors Demand Overdue Payments from UJV – Samsung, Petrofac, and Saipem"

Published on 17/10/2024

» On 15 October 2024, at 10:00 hrs., the Federation of Subcontractors of TOP Refinery, CFP Project, Sriracha, consisting of 16 companies which are subcontractors of the Unincorporated Joint Venture of Samsung E&A (Thailand) Co., Ltd. (“Samsung”), Petrofac South East Asia Pte. Ltd. (“Petrofac”), and Saipem Singapore Pte. Ltd. (“Saipem”) (collectively, the “UJV – Samsung, Petrofac, and Saipem”), held a press conference at Ballroom 1 and Ballroom 2, 6th floor of Holiday Inn & Suites Siracha Laemchabang Hotel, Chonburi Province. The press conference was conducted to demand overdue payments from UJV – Samsung, Petrofac, and Saipem, which is the main contractor for the Clean Fuel Project (CFP) for Thai Oil Public Company Limited (“Thaioil”). The Federation announced that, if no clear solution is provided by UJV – Samsung, Petrofac, and Saipem, the executives and employees of all 16 companies will gather in front of Thaioil’s refinery on 18 October 2024. 

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OPINION

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.