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THAILAND

Otis Launches Gen3™ Elevators in Thailand, Powering Smart Cities

Published on 21/08/2024

» Bangkok, Thailand – Otis Elevator Company (Thailand) Ltd., a leading manufacturer of elevators, escalators, and moving walkways under Otis Worldwide Corporation, has launched its latest innovation, the Gen3™ connected elevator platform, in Thailand. This launch underscores Otis' commitment to supporting the development of smart cities in Southeast Asia, particularly Thailand, which is actively pursuing smart city initiatives.

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GENERAL

Villa Market remains upbeat

Business, Kuakul Mornkum, Published on 21/08/2024

» The high level of household debt won't significantly impact Villa Market, according to Villa Market JP Co, the operator of the supermarket chain, as the company targets the high-income segment.

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GENERAL

Analysts expect steady policy rate

Business, Published on 21/08/2024

» The Bank of Thailand is expected to keep the policy rate at a decade-high level of 2.5% at its meeting on Wednesday, though analysts see a higher likelihood of a rate cut this year given growing headwinds facing the Thai economy.

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THAILAND

Thamanat vows to quit

News, Aekarach Sattaburuth, Published on 21/08/2024

» The Palang Pracharath Party (PPRP) has been thrown into disarray by a conflict between party leader Prawit Wongsuwon and its secretary-general Thamanat Prompow, who has threatened to leave the party after being excluded from the list of nominations for cabinet posts.

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THAILAND

Technology Crime Suppression Division summons 'cultists'

News, Post Reporters, Published on 21/08/2024

» The Technology Crime Suppression Division (TCSD) has summoned members of the so-called "mind-connection" cult, which is led by an eight-year-old boy, to appear for questioning on Sept 11, lawyer Ananchai Chaidet said on Tuesday.

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GENERAL

Singapore University of Social Sciences academy opens its doors

Business, Suchit Leesa-nguansuk, Published on 21/08/2024

» Orange Cap Innovative (OCI), a local venture builder, is joining forces with Singapore University of Social Sciences (SUSS) to establish the "Success Academy" in Thailand, promoting lifelong learning opportunities and global entrepreneurship.

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THAILAND

Wage hike awaits new govt's stance

News, Post Reporters, Published on 21/08/2024

» The Labour Ministry and employer representatives are waiting to hear the new government's direction on increasing the daily minimum wage to 400 baht nationwide before making any decisions.

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GENERAL

Agency probes aluminium dumping

Business, Phusadee Arunmas, Published on 21/08/2024

» The Foreign Trade Department is conducting an anti-dumping investigation of imports of aluminium extrusions from China.

GENERAL

Yong Concrete rejigs focus to industrial push

Business, Kanana Katharangsiporn, Published on 21/08/2024

» Yong Concrete, an MAI-listed manufacturer of concrete products, plans to shift its focus from the slow residential market to the industrial sector, which could cause growth to fall below the company's original target.

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GENERAL

Budget director says handout can be in cash

Business, Phusadee Arunmas, Published on 21/08/2024

» The digital wallet funds could be distributed in cash, but the scheme must adhere to the original framework to stimulate the economy, said the Budget Bureau chief.