Business

Tesla launches EVs in Thailand amid competition from cheaper brands

  By Reuters and published by CNA TESLA Inc launched two electric vehicle (EV) models in Thailand on Wednesday (Dec. 7), marking its first foray into the regional auto hub that has long been dominated by Japanese manufacturers. The launch of two EVs with prices ranging between 1.7 million baht to 2.5 million baht (US$48,447

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Business

Central bank raises key rate, trims growth outlook on global slowdown

By Reuters and published by CNA THAILAND’S central bank raised its key interest rate by 25 basis points for a third straight meeting on Wednesday, as it tries to contain above-target inflation while supporting an economic recovery facing increasing global headwinds. The Bank of Thailand’s (BOT) monetary policy committee voted unanimously to raise the one-day

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Business

Charter flights bringing more Russian tourists to Thailand

  THE arrival of the first Russian charter flight at U-Tapao International Airport today (Nov. 26) after a long suspension and daily shuttles now likely signals a bustling high-season for Pattaya, Phuket and Bangkok with this uptick expected to continue next year, Matichon newspaper said. At 7:45 a.m. Pattaya City Mayor Mr. Poramet Ngamphichet along

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Koh Samui tourism body asks for more flights during high season

  AMID fears of losing business opportunity during the high season that starts next month, Koh Samui Tourism Promotion Association called for increased local and international flights to meet the needs of foreign tourists eager to travel to the resort island, Matichon newspaper said this afternoon (Nov. 23). Mr. Ratchaporn Poolsawat, the association’s president, said

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Business

Soft loan application for hotel renovation extended till June 2023

  THE cabinet today (Nov. 23) extended the application for soft loans by hotels and related supply chain businesses to undertake renovation after closure during the Covid-19 pandemic till June 2023, Matichon newspaper said. Finance Minister Arkhom Termpittayapaisith said the Cabinet had approved the extension of the low-interest loan programme from September this year till

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Business

Prayut moves to block booze bill

PRIME Minister Prayut Chan-o-cha held a meeting with leaders of all coalition parties on the Progressive Liquor Bill proposed by Move Forward Party with the conclusion being that the government should block its approval by the Lower House, Matichon newspaper said today (Oct. 25). In June this year the Lower House had approved this bill,

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Business

Thai telco regulator gives conditional clearance to True, DTAC merger

By Reuters and published by CNA THAILAND’S telecommunications regulator cleared the merger of the country’s second and third largest mobile operators, True Corporation Pcl and Telenor ASA’s Total Access Communication Pcl (DTAC) with conditions. The conditions include a price ceiling and price controls, the National Broadcasting and Telecommunication Commission (NBTC) said in a statement today

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Business

Cabinet approves additional budget for 6 movies shot in Thailand

  THE CABINET today (Sept. 20) approved an additional 212 million baht from this year’s budget reserved for emergencies and necessary expenses to cover a shortfall in the promotion of the shooting of six foreign movies in Thailand with these scheduled to be released this year, INN News said. Ms. Traisulee Traisornkul, deputy spokesperson for

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