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BUSINESS

BoT considers rate cuts amid debt crisis

Business, Somruedi Banchongduang, Published on 06/07/2023

» The Bank of Thailand is mulling cutting interest rates to help people struggling with debt to exit from a pernicious cycle, says a central bank executive.

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BUSINESS

Panel trims export growth forecast

Business, Lamonphet Apisitniran, Published on 06/07/2023

» Dim economic prospects over the next six months have caused the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to cut its export growth forecast to -2% this year, down from -1%.

BUSINESS

Roojai boosts portfolio with FWD deal

Business, Published on 06/07/2023

» Roojai, Thailand's leading online insurance provider, has agreed to acquire FWD General Insurance Plc in Thailand for an undisclosed amount.

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BUSINESS

Thai Credit banks $105m IFC loan

Business, Post Reporters, Published on 06/07/2023

» International Finance Corp (IFC), a unit of the World Bank Group, is providing a US$105-million loan to Thai Credit Retail Bank Plc (Thai Credit) to support female entrepreneurs in Thailand.

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BUSINESS

New online commerce surges in Thailand

Business, Komsan Tortermvasana, Published on 06/07/2023

» So-called "shoppertainment", where content and commerce converge on a platform, has become the next era of online commerce, expected to be worth US$1 trillion across Asia-Pacific by 2025, says Sirinit Virayasiri, head of business marketing for Thailand TikTok.

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BUSINESS

Businesses urged to intensify push to tackle climate change

Business, Suchit Leesa-nguansuk, Published on 06/07/2023

» Businesses need to accelerate their existing adoption of digitisation, electrification and automation in an effort to curb climate change and gear towards sustainability. All these processes would prove that they would be able to compensate businesses and even generate profits, according to France-based industrial technology company Schneider Electric.

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BUSINESS

Minor Food launches new Chinese eatery

Business, Pitsinee Jitpleecheep, Published on 06/07/2023

» Emboldened by a resurgence of Chinese cuisine locally over the past few years, Minor Food Group Plc is set to open Riverside Grilled Fish & Mala today in Bangkok.

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BUSINESS

SEC pushes for regional green finance

Business, Nuntawun Polkuamdee, Published on 06/07/2023

» The Securities and Exchange Commission (SEC) is working with other Southeast Asian countries to develop green financial products, including sustainability-linked bonds and "Asean Transition" guidelines regarding taxes, according to the Thai regulator.

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BUSINESS

Economic woes curtail domestic trips

Business, Molpasorn Shoowong, Published on 06/07/2023

» Domestic tourism is still struggling with weak purchasing power because of higher costs of living and soaring debt, leaving small hotels and regional operators with financial burdens, says Kantapong Thananerngroth, president of Thai Tourism Promotion Association.

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BUSINESS

Heng to maintain rates through 2024

Business, Somruedi Banchongduang, Published on 06/07/2023

» Heng Leasing and Capital Plc expects to maintain its maximum interest rate through next year even as the central bank raises rates because of the company's loan portfolio adjustment.