The value of gold savings owned by Thais on online platforms rose 60-70% in the first quarter of 2023 from a year earlier as global prices rose by more than 8% during the period, while domestic gold prices hit a record, according to YLG Bullion International Co. Thailand’s leading manufacturer and exporter of authentic gold jewellery […]
Read MoreAs digital payments increase, the Bank of Thailand is focusing on cash users by adjusting banks’ fee structures. The adjustment is part of central bank efforts to promote digital payments and move towards a less cash-reliant society. The regulator is paying greater attention to some consumer segments that do not use digital payments. According to Bank […]
Read MoreThailand’s merger and acquisition (M&A) volume and value should improve in the second half of 2023, according to PwC Thailand, after many businesses paused M&A activities because of economic conditions, inflation and geopolitical risks. Although many deals were delayed from the fourth quarter of 2022, there are positive signs in line with global trends. According to […]
Read MoreHeightened worries about the strength of consumers and the global economy have been put on hold — at least for now — after some of the world’s best-known companies delivered a slew of better-than expected numbers. Unilever Plc on Thursday reported sales that topped expectations, keeping up the surprises after Nestle SA kicked off the week […]
Read MoreWith a long holiday slated for next week, Pattaya and Rayong tourism operators do not expect an influx of domestic tourists as people’s purchasing power has dried up since the Songkran festival. Sanpech Supabowornsthian, president of the Thai Hotels Association’s eastern chapter, forecast the occupancy rate in Pattaya would hover around 65-70% during the upcoming holidays, comprising […]
Read MoreThailand’s manufacturing production index (MPI) in March contracted 4.56% from a year earlier, as a global economic slowdown hurt exports, the Industry Ministry said on Friday. The figure compared with a forecast in a Reuters poll for a fall of 3.65%, and came after February’s revised 2.38% year-on-year decline. Output in the first quarter dropped 3.94% […]
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