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BUSINESS

Food delivery apps ripe for consolidation

Business, Suchit Leesa-nguansuk, Published on 20/10/2023

» Food delivery and ride-hailing platform operators are expanding their businesses amid a stagnant economy, mainly through mergers and acquisitions, cross-platform collaborations, and planned initial public offerings (IPOs).

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BUSINESS

BMW unit to settle EV plant plan by year-end

Business, Lamonphet Apisitniran, Published on 20/10/2023

» BMW Group Thailand will finalise its plan to build an electric vehicle (EV) factory in Thailand within this year as the Munich-based premium car manufacturer joins other automakers worldwide in seeking to take advantage of opportunities in the EV industry, which is being strongly backed by the government.

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BUSINESS

Chinese rebound could help Thailand

Business, Nareerat Wiriyapong, Published on 20/10/2023

» The Thai economy and stock market could benefit from China's economy, which performed better than expected during the third quarter, according to analysts who expressed hopes that Beijing will launch more stimulus measures later this year.

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BUSINESS

BBGI in biotech tie-up with Fermbox Bio

Business, Published on 20/10/2023

» Bio-Based Green Innovation Co (BBGI) has agreed to a joint venture with Fermbox Bio, a leader in research and production of synbio products using an advanced microbial precision fermentation process.

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BUSINESS

Thai gold price hits record

Business, Nuntawun Polkuamdee, Published on 20/10/2023

» Domestic gold prices rose to a record high of 34,100 baht per baht weight on Thursday, up 300 baht from a day earlier, as the intensity of the Israel-Hamas conflict has driven up demand for the safe-haven asset, says the Gold Traders Association (GTA).

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BUSINESS

Cost of living concerns mount

Business, Published on 20/10/2023

» Fifty-seven percent of Thais are worried about their income being insufficient to cover their existing expenses, up from 51% in 2021, according to the market research firm Nielsen.

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BUSINESS

HSBC touts investment opportunities

Business, Published on 20/10/2023

» In its latest quarterly investment outlook, HSBC Global Private Banking has identified opportunities against a backdrop of plateauing rates and a broadly supportive growth-inflation mix for markets.

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BUSINESS

DES Ministry signs pact with China

Published on 19/10/2023

» The Digital Economy and Society (DES) Ministry has signed a memorandum of understanding with China on greater collaboration to promote the digital economy.

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BUSINESS

Visa waivers for India, Taiwan on wish list

Published on 19/10/2023

» The Tourism Authority of Thailand (TAT) hopes travellers from Taiwan and India will be next in line for visa waivers if visa-free entry for mainland Chinese tourists is made permanent, as proposed by Prime Minister Srettha Thavisin.

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BUSINESS

PM orders state agencies to buy EVs

Post Reporters, Published on 19/10/2023

» Prime Minister Srettha Thavisin has ordered state agencies to buy electric vehicles to replace older vehicles, build more charging stations nationwide and make insurance for EVs affordable.