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BUSINESS

Uncage the fintech tigers in Thailand

Business, Published on 22/05/2018

» There is a long way to go before Asian financial technology tigers can roar on the global stage and Thailand is no exception. Innovation is moving fast and regulators are struggling to keep up, which means people in Thailand are missing out on useful fintech innovations that Europeans have been benefiting from for years: whether in money remittance, wealth management or business banking.

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THAILAND

Manufacturers vow to cap prices while costs stay manageable

Business, Published on 25/05/2018

» Major consumer goods makers have confirmed they will continue capping the prices of their products for the interim despite transport costs rising 5% on higher diesel prices.

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THAILAND

New tax boss's tech dreams

Business, Published on 28/05/2018

» Adoption of new technologies like big data and pursuing digitisation of the tax collection system are the priorities for the new director-general of the Revenue Department, Ekniti Nitithanprapas, who aims to boost the state agency's efficiency and enlarge the taxpayer base.

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BUSINESS

Finance Ministry to hold 99% of IBank

Business, Chatrudee Theparat, Published on 31/05/2018

» The government is set to inject 2 billion baht into state-owned Islamic Bank of Thailand (IBank) as soon as there is an announcement of the amended Islamic Bank of Thailand Act in the Royal Gazette, allowing the Finance Ministry to hold more than 49% of the bank.

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BUSINESS

BoT: US-China rift harm to be indirect

Business, Published on 10/04/2018

» Bank of Thailand governor Veerathai Santiprabhob rushed to ease fears about a trade stand-off between the world's top two economies, saying it would not directly hurt the country's macroeconomy as the products under threat of higher US tariffs represent a marginal proportion of the nation's shipments.

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BUSINESS

7-Eleven aims for regional omnipresence

Business, Pathom Sangwongwanich, Published on 23/04/2018

» With an ubiquitous domestic presence, the 7-Eleven convenience store chain is looking to expand its footprint in Asia-Pacific to carry out its regional growth vision, says Charoen Pokphand (CP) Group chief executive Suphachai Chearavanont.

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THAILAND

Apisak says digital coins will remain legal

Business, Wichit Chantanusornsiri, Published on 08/02/2018

» The government will not ban cryptocurrency trading, says Finance Minister Apisak Tantivorawong, but a regulatory framework to govern digital currencies will become clearer within a month.

BUSINESS

SET up 0.2%, global markets cringe over trade war fears

Business, Published on 03/03/2018

» Recap: Global stock markets fell to two-week lows yesterday, with steelmakers taking a pounding after US President Donald Trump said he would impose hefty tariffs on imports of steel and aluminium, reviving fears of a trade war.

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BUSINESS

Economy back on track

Business, Published on 17/01/2018

» Rising overseas demand for goods and services pushed Thailand's GDP to a five-year high in 2017, with business-friendly fiscal policies and planned spending on infrastructure expected to support further expansion in 2018.

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BUSINESS

Jay Mart's takeover target

Business, Komsan Tortermvasana, Published on 06/12/2017

» SET-listed mobile distributor Jay Mart has announced plans to take over direct sales and consumer loan firm Singer Thailand by 2018 as it strives to strengthen its loan portfolio.