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BUSINESS

BAAC union queries lending capacity

Wichit Chantanusornsiri, Published on 18/04/2024

» The labour union of the Bank for Agriculture and Agricultural Cooperatives (BAAC) is seeking legal opinions about whether the government can borrow from the state-owned bank to support its costly digital wallet handout.

BUSINESS

Diesel subsidy possible if excise tax cut ends

Yuthana Praiwan, Published on 18/04/2024

» The Oil Fuel Fund Office (Offo) says it will continue to subsidise retail diesel prices if the government decides to end the diesel excise tax cut.

BUSINESS

Apple to invest $250m to expand Singapore campus

Bloomberg News, Published on 18/04/2024

» SINGAPORE - Apple Inc plans to invest more than US$250 million to expand its regional campus or operations in Ang Mo Kio, Singapore, according to a company statement on Wednesday.

BUSINESS

Aviation bodies see recovery in passenger figures by 2025

Business, Molpasorn Shoowong, Published on 18/04/2024

» Aviation bodies project Thailand's passenger numbers to recover by next year, though economic uncertainties and the slow rebound of some supply chains still hamper the industry.

BUSINESS

Thailand begins OECD membership process

Business, Wichit Chantanusornsiri, Published on 18/04/2024

» Thailand has developed a roadmap to become a member of the Organisation for Economic Co-operation and Development (OECD), a group of developed countries, aiming to elevate the country’s standards and broaden trade and investment opportunities.

BUSINESS

Department promotes promising stars in lacklustre year

Business, Wichit Chantanusornsiri, Published on 18/04/2024

» The Revenue Department says there are significant challenges this year achieving tax collection targets because of the slowdown in economic activities, although it has identified five sectors that show promise.

BUSINESS

EV sales expected to miss target

Business, Lamonphet Apisitniran, Published on 18/04/2024

» Electric vehicle sales in Thailand are expected to miss the estimate of 130,000 units this year as prices are likely to keep changing, attributed to a price war among Chinese EV makers, says Hyundai Mobility Thailand, a subsidiary of the Korean automaker.

BUSINESS

Major creditors support Italian-Thai Development

News, Somruedi Banchongduang, Published on 18/04/2024

» Major creditors have agreed to infuse fresh liquidity into cash-strapped Italian-Thai Development (ITD) Plc, to support the company's business operations without requiring a rehabilitation plan.

BUSINESS

Thailand Post considers 'neutral' virtual banking agent role

Business, Komsan Tortermvasana, Published on 18/04/2024

» State-run logistics provider Thailand Post is considering expanding its scope by becoming a "neutral virtual banking agent", with the aim of complementing the operations of nascent virtual banks, says chief executive Dhanant Subhadrabandhu.

BUSINESS

PTT touts hydrogen as fuel of the future

Business, Yuthana Praiwan, Published on 18/04/2024

» While electric vehicles (EVs) gain in popularity as an option to replace oil-powered cars, hydrogen still holds promise as a future energy that may suit mobility technology and help reduce air pollutants, says national oil and gas conglomerate PTT Plc.