SEVERAL cost of living reduction measures by the government and lower fresh food pricing have resulted in a slight decrease in Thailand’s inflation rate in March, according to a report from the Ministry of Commerce. The Ministry of Commerce reported a 0.08% reduction in the inflation rate in March, which is the smallest decline recorded
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BoT will launch retail CBDC to secure financial services
THE Bank of Thailand (BoT) will launch the Retail Central Bank Digital Currency (CBDC) by the second quarter next year to provide Thais with access to more convenient and secure financial services, NNT said today (April 4). BoT assistant governor Vachira Arromdee said the development of a Retail CBDC will support a technology-led future that
Read moreCommerce Ministry plans to help Thai businesses in Myanmar
THE Commerce Ministry is planning to help Thai businesses in Myanmar as the prolonged political conflict is affecting their liquidity, productivity and goods transport, NNT said yesterday (March 31, 2021). Commerce Ministry Permanent Secretary Boonyarit Kalayanamit said following a meeting with businesses and Thai-Myanmar border traders that he will suggest the Commerce Minister push ahead
Read moreTugs work to free giant container ship stranded in Suez Canal
By Reuters Staff, published by Swissinfo.ch Cairo – The shortest shipping route from Europe to Asia remained blocked today (March 24) as eight tug boats struggled to free one of the world’s largest container ships after it ran aground in the Suez Canal. GAC, a Dubai-based marine services company, said authorities were still working to
Read morePrince Harry lands new job as a tech executive
By CNN Business London – Prince Harry has officially arrived in California. The Duke of Sussex has joined Silicon Valley startup BetterUp as its chief impact officer, the company told CNN Business today (March 23). A spokesperson for Harry also confirmed the prince’s new role. BetterUp provides coaching and mental health services to clients. The
Read moreBringing Thai cooking to European homes and stores
By ITTHI CT special to Thai Newsroom BEAUTY and brains are a powerful combination. Add youthful energy and the result can be explosive. Ines Chardonnet, still in her early thirties is one such firebrand. In six short years, she grew a startup to become one of Thailand’s more reputable food exporters. The managing director of
Read moreFinance Minister says expected 2.8% growth not satisfactory
By Reuters Staff, published by Todayonline.com THAILAND’S economy may grow 2.8% this year but is still not satisfactory, but fiscal measures will continue to support economic recovery as tourism remains weak, the country’s finance minister said today (March 3) Southeast Asia’s second-largest economy, which is heavily reliant on tourism and exports, contracted 6.1% last year,
Read moreNew business registration tops highest since January 2019
NEW business registration topped 7,283 in January, the highest since January 2019, driven by the promise of Covid-19 inoculations and upbeat sentiment on the country’s economic outlook, NNT said today (Feb. 27). Business Development Department Director-General Thosapone Dansuputra said the new business registration trend in 2021 is expected to come in line with the
Read morePublic Health Ministry launches Medical Marijuana Institute
AS parts of marijuana plants, including leaves, roots and stems, can now be used in food in Thailand the Medical Marijuana Institute was officially launched today (Feb. 22) to provide information about marijuana to the general public, while promoting it as a cash crop, NNT said The Public Health Minister, Anutin Charnvirakul, presided over the
Read moreTAT targets cryptocurrency holders as new tourism segment
THE Tourism Authority of Thailand (TAT) wants to establish Thailand as the first country to welcome cryptocurrency holders,, NNT said today (Feb. 21). TAT Governor Yuthasak Supasorn said the use of cryptocurrency will help attract more opportunities from high-spending tourists, especially the young and wealthy generations. He said the TAT plans to talk with the
Read moreBitcoin hits $1 trillion in market value as cryptocurrency surge continues
By Jesse Pound, CNBC THE price of bitcoin crossed another major milestone on Friday, as the cryptocurrency’s market value surpassed $1 trillion, according to Coindesk. The digital currency was trading at just under $54,000 per coin on Friday as it hit the new level, and rose above $55,000 later in the session for a daily
Read moreImpacts of global economy, Covid-19 on Thailand
DURING a censure debate, targeting the Prime Minister and Defense Minister, Gen. Prayut Chan-o-cha, the opposition Pheu Thai Party MP for Maha Sarakham, Suthin Khlangsaeng, said that the country’s high public debt is attributable to the government’s failure to address economic problems, NNT said today (Feb. 17). However, several factors have affected the Thai economy
Read moreThailand-China deal on promoting Thai fruit export
WITH seasonal fruit about to hit the market, including durian, rambutan, and mangosteen, the Thai-Chinese Chamber of Commerce has signed an agreement with CCIC Thailand to provide better traceability service for Thai fruit exported to China, following a new traceability requirement for all imported farm products into China, NNT said today (Feb. 16) With this
Read moreThailand 2020 investment applications at over 480 billion baht led by E&E and food – BOI
The Thailand Board of Investment (BOI) has revealed that local and foreign investors in 2020 filed a total of 1,717 applications for investment promotion, representing a combined investment value of 481.1 billion baht ($6 billion), led by projects in the electric and electronics and the agriculture and food processing sectors, and a surge in the medical
Read moreChina’s clandestine economic warfare revealed
Financial warfare involves the deliberate efforts of weakening the financial system underlying the domestic economy of a target country. In today’s realm, national security embodies far more than physical borders and is far less straightforward than eyeing the perimeter for invaders. National security has become much more complicated, multifaceted, and can easily be compromised via
Read moreGovt moves to help Covid-hit credit card debtors
AS the coronavirus pandemic has severely affected a large number of people the government today (Feb. 13) announced that it has roped in 22 credit card issuers and financial service providers to work out debt settlement with clients in need of help, Siam Rath newspaper said. Ms. Trisulee Traisanakul, deputy spokesperson for the Prime Minister’s
Read moreAsia-Pacific savers more likely to trust robots than humans
By Karen Gilchrist, CNBC Instability in financial markets and personal finances over the course of 2020 may have significantly altered our relationship with money, according to new research, which suggests people have more faith in robots than humans to manage their cash. Over three-quarters (76%) of consumers in Asia-Pacific said they would now trust a
Read moreUS billionaires vie to make space the next business frontier
Later this year Jeff Bezos, the first person to have led a business from nothing to a trillion-dollar valuation, will step down from his job as head of Amazon. But as you’d expect from a tech multibillionaire, his eyes are on a potentially bigger prize: outer space. Bezos will be dedicating more time to a
Read moreDates set for Covid relief aid for 9m Thais
The Ministry of Labour said employees of private firms can begin registering for their slice of a new 4,000-baht financial relief package from Feb 16. Labour Minister Suchart Chomklin said he agreed with Prime Minister Prayut Chan-o-cha that the Covid-19 financial relief package should also be given to employees of private firms covered by Section
Read moreSiam Cement Group logs growth in Cambodia
Thai construction materials producer Siam Cement Group (SCG) reported a dip in revenue from sales in the fourth quarter of last year, marred by the spread of Covid-19 and seasonal flooding. According to the company’s unaudited operating results for 2020, SCG’s total consolidated assets amounted to $24.970 billion, of which $9.451 billion or 38 per
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