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GENERAL

Political uncertainties drive stocks down to four-year low

Business, Nuntawun Polkuamdee, Published on 11/06/2024

» Thai stocks plunged to a four-year low on Monday as investors fretted over political uncertainties, with the market awaiting the Constitutional Court's decision on the status of Prime Minister Srettha Thavisin and his cabinet.

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GENERAL

Tourism firms seek supply-side initiatives

Business, Narumon Kasemsuk, Published on 11/06/2024

» The private sector has collectively called for attention to be paid to tourism's supply side after the prime minister insisted on refraining from the collection of a 300-baht tourism fee from foreign tourists, which was meant to be used to set up a tourism development fund.

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GENERAL

Group urges wages based on skills

Business, Lamonphet Apisitniran, Published on 11/06/2024

» The Labour Ministry is being asked to consider replacing the proposed 400-baht daily minimum wage policy with a wage increase based on workers' skills, says the Federation of Thai Industries (FTI).

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GENERAL

KBank takes cautious view on regional loan expansion

Business, Somruedi Banchongduang, Published on 11/06/2024

» Kasikornbank (KBank) is increasing scrutiny of regional loan growth through stronger risk management and focusing on generating fee-based income from its overseas banking business.

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GENERAL

Tourism authority seeks deals with 11 airlines

Business, Narumon Kasemsuk, Published on 11/06/2024

» The Tourism Authority of Thailand (TAT) is seeking partnerships with at least 11 international airlines in an effort to bolster rising and mature markets in the second half this year.

GENERAL

OneWeb upbeat on Thailand's regional role

Business, Komsan Tortermvasana, Published on 11/06/2024

» OneWeb, a low Earth orbit (LEO) constellation satellite company owned and operated by the Eutelsat Group, is committed to helping Thai companies and residents benefit from its leading-edge low latency satellite connectivity services on land, at sea and in the skies.

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GENERAL

AIS chief expected to step down from position in July

Business, Komsan Tortermvasana, Published on 11/06/2024

» Advanced Info Service (AIS) chief executive Somchai Lertsutiwong is expected to step down from his position next month, paving the way for the company to recruit his successor six months before the end of his term at the end of 2024.

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GENERAL

IEAT to develop new B854m BCG estate in Nakhon Sawan

Business, Published on 11/06/2024

» The Industrial Estate Authority of Thailand (IEAT) is co-developing a new industrial estate in Nakhon Sawan, focusing on the bio-economy with an investment budget of 854 million baht.

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PROPERTY

Official urges courage in tax assessment

Business, Wichit Chantanusornsiri, Published on 10/06/2024

» Local governments must be courageous in assessing which land plots are being underutilised or not used as they should be, as this assessment determines the maximum tax burden according to the land and building tax, says finance permanent secretary Lavaron Sangsnit.

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INVESTMENT

Traders forecast further gains for gold

Business, Nuntawun Polkuamdee, Published on 10/06/2024

» YLG Bullion International recommends investors accumulate gold amid ongoing price consolidation as gold traders believe prices will rise in the medium to long term, particularly after the Federal Reserve cuts interest rates in the second half of this year.