Labour Minister Adul Sangsingkeo put off tabling the proposed new minimum wage agreement at the cabinet meeting on Tuesday, while seeking to allay concern over the delay with the explanation some matters still needed to be sorted out. Pol Gen Adul said procedural red tape was the only reason for delaying cabinet approval for another […]
Read MoreSET-listed Malee Group Plc, one of the country’s top juice makers, has sealed its first acquisition deal with a Vietnamese drink producer as part of its ambitious strategic plan to become a health-driven global food and drink firm by 2021. Chief operating officer Roongchat Boonyarat said the company spent 330 million baht to acquire a […]
Read MoreBusiness executives and government agency leaders don’t feel ready for the coming fourth industrial revolution (Industry 4.0), says global accounting and consulting firm Deloitte. Industry 4.0 is characterised by the integration of physical and digital technologies, like analytics, artificial intelligence, cognitive computing and the Internet of Things. Leaders are not confident their organisations are ready […]
Read MoreFood-and-beverages firm Malee Group is investing Bt330 million in its first foreign acquisition, Long Quan Safe Food Joint Stock Company (LQSF), a major beverage producer in Vietnam. The acquisition will increase Malee’s production base for emerging markets in Southeast Asia, helping to drive the proportion of the company’s foreign revenue, currently at 40 per cent, […]
Read MoreThe new double-taxation agreement between Thailand and Cambodia officially took effect on Jan 1 for withholding tax and corporate income tax. The two countries only signed the agreement on Sept 7 last year but rushed to complete the ratification process on Dec 26. This super-fast track is a part of a consolidated strategic action plan […]
Read MoreThailand finished last year with export growth of 9.9%, the highest in six years, propelled by higher purchases from key trading partners, especially the US, EU, Asean and China. The Commerce Ministry reported Monday that the country’s whole-year shipments totalled US$237 billion (7.5 trillion baht). By contrast, exports in 2016 rose only 0.50% year-on-year. Imports […]
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