The Tourism and Sports Minister is planning to propose new opening hours for entertainment venues, allowing them to open until 4am to revitalise tourism sentiment during the upcoming high season. Tourism and Sports Minister Phiphat Ratchakitprakarn said the extended hours will be designated to tourism-driven economic zones to avoid creating discontent among local communities. “We already […]
Read MoreThe Bank of Thailand expects to begin testing its retail digital currency at the end of this year and the process will continue through mid-2023. According to a statement issued yesterday on the progress of the Retail Central Bank Digital Currency (Retail CBDC) development, the central bank will assess the benefits and risks from the pilot […]
Read MoreTHAILAND’S central bank said on Friday (Aug 5) it expected to test its retail digital currency from late this year to the middle of 2023, as an alternative payment option. During the testing, the retail central bank digital currency (CBDC) will be used in conducting cash-like transactions, like paying for goods and services, within limited […]
Read MoreBANGKOK: Thailand’s headline inflation rate slowed in July for the first time this year, helped by government support measures, but the pace was still near a 14-year high, reinforcing a view of an interest rate hike next week. The headline consumer price index (CPI) rose 7.61% in July, driven by high energy prices, commerce ministry […]
Read MoreKasikornbank (KBank) is pressing ahead with plans to become a regional digital bank, with an expansion drive in Vietnam. Aiming to invest more than 2.7 billion baht to fortify its service network within AEC+3 (Asean plus Japan, China, and South Korea), KBank has announced its commitment to broaden its presence in the Vietnamese market in […]
Read MoreDespite fully reopening in July, the employment rate in the hotel sector stands at just 71% of the pre-pandemic level with 68% of hotels hit by a labour shortage, according to the Thai Hotels Association (THA). Marisa Sukosol Nunbhakdi, THA president, said 67% of hotels had to keep their wage rates static as revenue in […]
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