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BUSINESS

Ministry unveils platform targeting online scammers

Business, Komsan Tortermvasana, Published on 11/07/2023

» The Digital Economy and Society (DES) Ministry is set to launch the Central Fraud Registry as an automated solution to fight scams and address illegal transactions, fraud and mule accounts.

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BUSINESS

High potential for rice exports in H2

Business, Phusadee Arunmas, Published on 11/07/2023

» Thailand could ship up to 9 million tonnes of rice this year because of a surge in demand, driven by concerns over the potential impact of the El Niño weather phenomenon.

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BUSINESS

SET requires update from Nusasiri as auditor baulks

Business, Nuntawun Polkuamdee, Published on 12/07/2023

» The Stock Exchange of Thailand (SET) is warning investors to study Nusasiri Plc (NUSA) investment information carefully after its auditor raised an issue about the complexity of the structure of a hotel Nusasiri intended to buy, as well as its business licence in Germany.

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BUSINESS

Premier delay will affect fiscal budget

Business, Phusadee Arunmas, Published on 12/07/2023

» The implementation of the fiscal 2024 budget, starting on Oct 1, will be delayed if the new prime minister and government are not appointed within this month, according to the Budget Bureau.

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BUSINESS

TAT upbeat on obtaining full budget in 2024

Business, Molpasorn Shoowong, Published on 12/07/2023

» The Tourism Authority of Thailand (TAT) hopes its proposed budget for fiscal 2024 will not be cut as it attempts to drive a full recovery, generating 3 trillion baht in tourism income and increasing the GDP contribution to 25% by 2027.

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BUSINESS

Airlines push Pita to help reduce expenses

Business, Narumon Kasemsuk, Published on 12/07/2023

» Airlines are urging the new government to relieve the huge burden from exaggerated operational costs, which is 15-20% higher than in other countries, attributed largely to taxes on fuel, revenue and importing aircraft, saying this issue should be fixed within the first 100 days.

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BUSINESS

Exploring efforts to cage the bird

Business, Suchit Leesa-nguansuk, Published on 12/07/2023

» The recent move by Twitter to temporarily cap how many posts users can read on the social media site is likely to affect heavy Thai users, but they will eventually adapt to the new rule, says a marketing communication executive.

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BUSINESS

SME D Bank loans set to reach B70bn

Business, Wichit Chantanusornsiri, Published on 12/07/2023

» Most loans being issued by the Small and Medium Enterprise Development Bank of Thailand (SME D Bank) are to increase liquidity, with only a few for investment as entrepreneurs are still concerned about the unclear political situation, according to president Nartnaree Rathapat.

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BUSINESS

Volatile politics set to hit economy

Business, Somruedi Banchongduang, Published on 12/07/2023

» Kasikorn Research Center (K-Research) expects the domestic political situation to be a key factor affecting the Thai economy in the second half of this year.

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BUSINESS

Nation urged to find more Middle Eastern investors

Business, Lamonphet Apisitniran, Published on 12/07/2023

» Thailand has the potential to develop more joint investments with Middle Eastern companies that are seeking business opportunities here, says Dubai-based consultancy firm Gulf Analytica.