The Tobacco Authority of Thailand (TOAT) plans to rent out its land plots in prime areas in Bangkok and the provinces, aiming to increase revenue. The move is in line with the board’s resolution to rent out its plots with potential. The authority’s acting governor Nophadol Hantanasarn said the TOAT wants to auction off three […]
Read MoreThe Securities and Exchange Commission (SEC) says listed companies investing in cryptocurrency and digital assets must have risk management systems in place to reduce the impact of market volatility. The cryptocurrency market has continued to decline amid heavy sell-offs, with its market value having plunged about 70% in seven months. As of 3pm on Wednesday, […]
Read MoreThe Bank of Thailand (BoT) said on Wednesday it was closely monitoring capital movements and the baht currency and was ready to take action on any excessive volatility. The weakening and fluctuation of the baht were driven by expectations the US Federal Reserve would accelerate policy tightening, and concerns over a global economic slowdown, said […]
Read MoreGovernment leaders are publicly making a case for keeping interest rates lower for longer, a call that is putting them at odds with the nation’s monetary policy makers who are keen to raise borrowing costs sooner to keep inflation from overheating. Energy Minister Supattanapong Punmeechaow on Tuesday warned about risks to economic growth from higher […]
Read MoreThailand was No.3 globally for real-time payment transactions last year, behind only India and China, driven by the government’s support for modern infrastructure, says ACI Worldwide, a real-time payments software provider. The ranking was revealed in the “Prime-Time for Real Time 2022” report, published by ACI Worldwide in partnership with data analytics firm GlobalData and […]
Read MoreE-marketplace Shopee is pursuing layoffs across markets in Asean, including Thailand, according to industry sources, as the company is believed to have become more cautious about spending and more focused on attaining profitability rather than burning cash. The sources, who requested anonymity, echoed an earlier report by dealstreetasia.com which indicated that the layoffs have affected […]
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