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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.

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

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.

GENERAL

TAT, Alipay+ team up to woo Chinese

Business, Kuakul Mornkum, Published on 17/05/2024

» The Tourism Authority of Thailand (TAT) has partnered with Alipay+, a cross-border mobile payment platform operated by Ant International, aiming to attract more tourists to Thailand during the low season.

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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.

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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.

GENERAL

Equities tipped to hit new high amid rate cut hopes

Business, Nuntawun Polkuamdee, Published on 17/05/2024

» Global stocks, especially on the US exchanges, could hit an all-time high in the second quarter as investors are expected to embrace riskier assets after concerns ease over the Federal Reserve's interest rate actions, says Thai wealth management platform Finnomena.

GENERAL

TikTok eyes live commerce expansion

Business, Suchit Leesa-nguansuk, Published on 17/05/2024

» TikTok Shop wants to promote Thai soft power through its live commerce events.