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GENERAL

Asia-Pacific marketers' hike in ad spend bests other regions

Business, Suchit Leesa-nguansuk, Published on 18/05/2024

» Despite global economic challenges, Asia-Pacific marketers plan to increase product promotion, mainly on social media, while reducing their brand-building budget, according to the 2024 Nielsen Global Annual Marketer Survey.

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GENERAL

BAM eager to keep lead in distressed assets sector

Business, Somruedi Banchongduang, Published on 18/05/2024

» Bangkok Commercial Asset Management (BAM), Thailand's largest asset management company, set an ambitious goal for bad asset management over the next few years in a bid to address the burden of distressed debts within the banking industry.

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GENERAL

High airfares hamper tourism arrivals

Business, Narumon Kasemsuk, Published on 17/05/2024

» Expensive airfares remain a critical challenge for the tourism sector during the low season, as geopolitical conflicts affect fuel costs and flight capacity has yet to fully resume.

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GENERAL

Somchai's shift from AIS to PTT's OR could enable alliance

Business, Komsan Tortermvasana, Published on 17/05/2024

» Somchai Lertsutiwong, chief executive of Advanced Info Service (AIS), is tipped to become chairman of PTT Oil and Retail Business (OR), paving the way for him to form an OR-AIS-Krungthai Bank (KTB) alliance to develop a virtual bank business.

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MOTORING

Lamborghini preps electric 'super car'

Business, Lamonphet Apisitniran, Published on 17/05/2024

» Automobili Lamborghini, an Italian manufacturer of luxury sports cars, plans to bring its new electric "super car" to Thailand, debuting it globally in 2028 as part of efforts to cut carbon dioxide emissions.

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PROPERTY

Loan rejections cause drop in housing transfers in Q1

Business, Kanana Katharangsiporn, Published on 17/05/2024

» Home loan rejections caused a dip in housing transfers nationwide in the first quarter, dropping to the lowest point in six years and marking five consecutive quarters of decline.

GENERAL

Thai AirAsia X optimistic after posting Q1 profit

Business, Molpasorn Shoowong, Published on 17/05/2024

» Thai AirAsia X expects to post a profit from carrying nearly 1 million passengers this year, driven by its Japan routes, after returning to profit in the first quarter.

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GENERAL

Solar rooftop adopters set to win a tax break

Business, Yuthana Praiwan, Published on 17/05/2024

» A new tax reduction scheme for households that install rooftop solar panels is expected to be finalised by mid-year in an effort to reduce electricity bills and carbon dioxide emissions, says the Department of Alternative Energy Development and Efficiency (DEDE).

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GENERAL

BBL: Regulator to okay 1% credit card fee this year

Business, Published on 17/05/2024

» The Bank of Thailand is expected to authorise credit card issuers charging a new 1% fee for overseas spending within this year, following efforts by businesses to improve understanding among cardholders.

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GENERAL

Ministry, Bank of Thailand iron out differences

Business, Published on 17/05/2024

» In a move to alleviate conflict between the government and the Bank of Thailand, Finance Minister Pichai Chunhavajira has reiterated the government acknowledges the central bank's autonomy to set interest rate policies.