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GENERAL

Diesel subsidy to remain in place

Business, Yuthana Praiwan, Published on 19/07/2023

» The domestic diesel price will remain unchanged at 32 baht per litre as authorities have decided to use the Oil Fuel Fund to subsidise the price once the waiver of the 5-baht diesel excise tax expires on July 20, says the Oil Fuel Fund Office (Offo).

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GENERAL

Egco, Diamond Generating ink clean energy deal

Business, Yuthana Praiwan, Published on 21/07/2023

» SET-listed Electricity Generating (Egco), the power generation arm of state-run Electricity Generating Authority of Thailand, continues to adopt more clean energy by teaming up with a subsidiary of Mitsubishi Corporation to study and develop the value chain of hydrogen-related businesses in Australia.

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GENERAL

Regime urged to rev up EEC growth

Business, Lamonphet Apisitniran, Published on 22/07/2023

» The next government will be asked to fuel growth of the Eastern Economic Corridor (EEC) by speeding up the construction of a high-speed rail system linking three airports and through the second-phase development of the EEC, says the EEC Office.

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GENERAL

Ek-Chai to launch 1st Lotus's Eatery food court

Business, Pitsinee Jitpleecheep, Published on 25/07/2023

» Ek-Chai Distribution System Co, the operator of Lotus's retail stores, is expanding its business into food courts, starting from next month.

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GENERAL

Line Man Wongnai eyes higher revenue

Business, Suchit Leesa-nguansuk, Published on 25/07/2023

» The online food delivery platform Line Man Wongnai is gearing up to increase recurring revenue through its point-of-sale (POS) food restaurant total management solution, while helping food vendors digitise their businesses to survive.

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GENERAL

UPS strike averted as deal reached with Teamsters union

AFP, Published on 26/07/2023

» NEW YORK: The Teamsters union and shipping giant UPS announced Tuesday that the two sides had reached a tentative agreement on a five-year contract that would avert a crippling strike across the United States.

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GENERAL

Ministry still upbeat on export recovery

Business, Phusadee Arunmas, Published on 27/07/2023

» Despite economic uncertainties among Thailand's trading partners, China's slower than expected economic recovery, the vulnerable European economy, Russia's withdrawal from the Black Sea Grain Initiative and the drought associated with the El Niño weather phenomenon, the Commerce Ministry remains confident that the export outlook over the coming months will continue to show a gradual recovery.

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GENERAL

Firms urged to use more digital assets

Business, Nareerat Wiriyapong, Published on 29/07/2023

» Thailand has the potential to drive greater use of digital assets in the business sector, but a flexible and forward-looking regulatory framework is required to provide consumer safeguards and encourage innovation among operators.

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TED Fund sets out strategy to offer more support to startups

Business, Komsan Tortermvasana, Published on 05/08/2023

» The Technology and Innovation-Based Enterprise Development Fund (TED Fund) plans to provide financial support and knowledge, as well as networking incubation, to 270 enterprises and startups next year through its annual budget of 290 million baht.

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GENERAL

Banking on the mainland

Business, Post Reporters, Published on 07/08/2023

» When China announced the country's surprise reopening in January, every business sector in Thailand responded enthusiastically to the news, particularly the tourism industry, which earned more than 530 billion baht from Chinese visitors in 2019.