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BUSINESS

PIN allots B1.6bn to renewable efforts

Business, Lamonphet Apisitniran, Published on 15/12/2022

» Industrial estate developer Pinthong Industrial Park Plc (PIN) plans to allocate 1.6 billion baht to invest in renewable energy projects by installing floating and rooftop solar panels at its industrial estates.

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BUSINESS

Phuket hotels lack workers

Business, Molpasorn Shoowong, Published on 15/12/2022

» A stronger occupancy rate and the abrupt surge of the Russian market has Phuket hotels facing a labour shortage during the high season, prompting operators to urge the government to help attract more foreign workers to shore up the market.

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PROPERTY

Greater Bangkok condo launches decline in Q3

Business, Kanana Katharangsiporn, Published on 15/12/2022

» New condo supply launched in Greater Bangkok in the third quarter dropped consecutively from the first and second quarters as inflation and rising interest rates affected development costs.

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BUSINESS

Investors desert Binance

Business, Nuntawun Polkuamdee, Published on 15/12/2022

» Thai cryptocurrency pundits are recommending investors withdraw digital assets from Binance amid a run on the world's largest crypto exchange, moving their money to a safer crypto exchange in Thailand regulated by the Securities and Exchange Commission (SEC).

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BUSINESS

TAT sees Chinese tourists returning soon

Business, Nuntawun Polkuamdee, Published on 15/12/2022

» Outbound tourism from China is expected to restart during the Chinese New Year in late January 2023 as Beijing gradually lifts Covid-19 restrictions, aiding tourism-related stocks and the overall travel sector in Thailand, say industry operators.

THAILAND

SATP shops for allies prior to polls

News, Post Reporters, Published on 15/12/2022

» Sang Anakhot Thai Party (SATP) is said to have turned to the Chartpattanakla Party to discuss forming a political alliance after it failed to reach a deal with Thai Sang Thai.

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BUSINESS

SEC sounds alarm on retirement funds

Business, Published on 15/12/2022

» Less than a quarter of retired provident fund members have sufficient minimum savings for retirement, according to analysts, as salaried employees older than 50 are encouraged to save more money for retirement as Thailand becomes an aged society next year.

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BUSINESS

Group maintains LPG prices at 408 baht

Business, Yuthana Praiwan, Published on 15/12/2022

» The Energy Policy Administration Committee (Epac) has decided to continue capping the price of liquefied petroleum gas (LPG), which is used as cooking gas, at 408 baht per 15-kilogramme cylinder until the end of next month in a bid to slow rising living costs.

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THAILAND

Siapo gets 20-year jail sentence

News, Post Reporters, Published on 15/12/2022

» The Criminal Court has sentenced self-professed gambler Siapo Po-arnon -- a popular internet figure who advised a House panel on gambling -- to 54 years in jail for luring people to gamble online, causing 1.7 billion baht in damages, and laundering money. However, it commuted the sentence to 20 years, the maximum allowed by the Criminal Code.

THAILAND

EU import rule sparks impact study

News, Post Reporters, Published on 15/12/2022

» Prime Minister Prayut Chan-o-cha has ordered government agencies to study a proposed European Union (EU) import ban on products that drive up deforestation.