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Political turmoil blamed for GDP losses
Business, Somruedi Banchongduang, Published on 28/08/2018
» Thailand's political uncertainty over the past 20 years took a toll on the country's economic growth, shaving off 0.4 percentage points per year on average and depressing growth below its potential, according to a joint survey by the Bank of Thailand's Puey Ungphakorn Institute for Economic Research's (Pier).
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All set for PromptPay
Business, Somruedi Banchongduang, Published on 28/12/2016
» After the lengthy testing process of PromptPay's consumer-to-consumer (C2C) service, a major bid to turn Thailand into digital payment mode, the money transfer service has been pushed back to further ensure its accuracy, stability and security. Originally slated for roll-out at the end of October, Predee Daochai, chairman of the Thai Bankers' Association (TBA), has confirmed that it is now scheduled for the first quarter of 2017.
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