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GENERAL

Virtual bank race: 5 in the running

Somruedi Banchongduang, Published on 23/09/2024

» The Bank of Thailand has received five applications for three virtual bank licences, with two of the bidders set to drop out of the race over the following year.

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GENERAL

Thai virtual bank race heats up as bidders outnumber permits

Published on 23/09/2024

» Thailand’s virtual banking competition is heating up as applications exceeded the number of licences the central bank plans to grant. 

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GENERAL

Thai sugar production dropped 20% in 2023/24 year: official

Published on 23/09/2024

» Thailand's sugar production dropped by 20.37% in the 2023/24 production year to 8.8 million tonnes, Virit Viseshsinth, head of the Office of Sugar and Cane Board, told Reuters on Monday.

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GENERAL

Thailand to postpone Oct 1 minimum wage hike: official

Published on 23/09/2024

» Thailand will postpone a hike in the minimum wage to 400 baht per day scheduled for Oct 1 by about two weeks due to a lack of a quorum at meetings of the committee working on the increase, a senior labour official said on Monday.

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GENERAL

Thai Chamber of Commerce urges central bank to take measures to stabilise baht

Published on 23/09/2024

» Thai businesses are pressing the central bank to take measures to stabilise the baht currency, which has rapidly gained strength and could impact fourth-quarter growth, a senior Thai Chamber of Commerce official said on Monday.

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GENERAL

Bid afoot to extend nation's right to use 50.5° East slot

Business, Komsan Tortermvasana, Published on 23/09/2024

» The Office of the National Broadcasting and Telecommunications Commission (NBTC) is preparing official documents to request the International Telecommunication Union (ITU) grant a one-year extension for Thailand's right to use the 50.5° East orbital slot once it expires on Nov 27, 2024.

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GENERAL

Lazada uses AI to woo female Gen Z shoppers

Business, Suchit Leesa-nguansuk, Published on 23/09/2024

» Lazada Thailand says it will continue its investment in personalisation based on artificial intelligence (AI), while also renovating its Live selling feature.

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GENERAL

Vimut touts aesthetic medicine prospects

Business, Lamonphet Apisitniran, Published on 23/09/2024

» The aesthetic medicine trend is growing in Thailand, with more younger people seeking treatments to improve their looks, drawing more providers into the market.

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GENERAL

Digital rules target substandard imports into Thailand

Business, Suchit Leesa-nguansuk, Published on 23/09/2024

» The Electronic Transactions Development Agency (ETDA) has introduced new guidelines to deal with substandard products available on digital platforms, especially the flood of imported subpar items.

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GENERAL

State salaries and benefits face scrutiny

Business, Wichit Chantanusornsiri, Published on 23/09/2024

» The Comptroller-General's Department, the Budget Bureau and the Office of the Civil Service Commission (OCSC) are considering how to reform salaries and benefits in all government sectors.