The Airlines Association of Thailand (AAT) is urging the government to consider implementing a visa waiver for international travellers to attract more demand as global competition is getting intense. Further loosening of travel rules and costs, such as visa fees or RT-PCR tests, will stir demand, said Puttipong Prasarttong-Osoth, Bangkok Airways president and AAT president. […]
Read MoreThe world is moving to digital payments. They are faster, more secure, more transparent and more efficient than cash. Digital payments can support small and medium enterprises (SMEs) and empower women and youth. The COVID-19 pandemic has accelerated the shift toward paying digitally and demonstrated clear benefits beyond cost and efficiency: by minimizing human interactions during […]
Read MoreE-commerce is set to become the main channel for business next year, with major e-marketplaces enjoying rising profits while local shops and grocery stores fade away, said Pawoot Pongvitayapanu, an e-commerce pioneer. “E-commerce will clearly become the main channel for sales among some businesses in 2022,” said Mr Pawoot, chief executive and founder of Tarad.com, […]
Read MoreThe Bank of Thailand is focused on aiding economic growth amid subdued inflation and is less worried about the US Federal Reserve’s monetary actions, BoT governor Sethaput Suthiwartnarueput said ahead of the bank’s rate meeting next week. “Most of our rate trajectory will be dictated by domestic considerations,” Sethaput said, adding inflation, growth and financial […]
Read MoreHeadline inflation is expected to hit its highest level in a decade next year driven by cost-push factors including rising imported raw materials, a recovery in domestic demand, relatively high oil prices and a labour shortage. According to Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office (TPSO), Thailand’s headline inflation is likely to […]
Read MoreSINGAPORE (BLOOMBERG) – Binance Asia Services, the Singapore entity of Changpeng Zhao, has withdrawn its application for a license to run a cryptocurrency exchange, the company said. With that, Binance ends an effort to operate a regulated cryptocurrency bourse under the oversight of the Monetary Authority of Singapore (MAS). The fiat-to-crypto trading platform Binance.sg will wind down […]
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