Thailand could face a loss of 286 billion baht from cyber-attacks unless it has proper mechanisms and standards in place to guard against the threats, says Fortinet Thailand, a local unit of the US cybersecurity firm. The firm also suggests businesses gear up to comply with the Personal Data Protection Act (PDPA), which is scheduled […]
Read MoreLack of public knowledge about the Personal Data Protection Act (PDPA), a dearth of digital skills among officials and tepid cross-border e-commerce by Thai vendors are three concerns surrounding the country’s digital transformation, says the Office of National Digital Economy and Society Commission (ONDE). The concerns are spelled out in this year’s survey from the […]
Read MoreThe spending sentiment of Thai consumers is expected to fall behind neighbouring countries encountering similar pandemic outbreaks over the next six months. Usana Chantarklum, managing director of Ipsos (Thailand) Co, the world’s third largest market research company, said the latest study on the impact of Covid-19 on the region’s consumer behaviour in Indonesia, Malaysia, the Philippines, […]
Read MoreThe Bank of Thailand and the Thai Bankers’ Association said on Friday they would offer more support measures for debtors affected by the coronavirus pandemic. “We want debtors, SMEs and individuals who were impacted to receive the necessary fixes in the face of uncertainty,” Deputy BoT Governor Ronadol Numnonda told a news conference, adding that […]
Read MoreThe government’s committee in charge of fiscal discipline has scheduled a meeting to draw up a five-year public debt management plan, says Patricia Mongkhonvanit, director-general of the Public Debt Management Office (PDMO). The plan forms the backbone for the country to borrow for economic development. Mrs Patricia said the committee can consider raising the debt-to-GDP […]
Read MoreThe baht opened at 32.44 to the US dollar on Friday, strengthening from Thursday’s closing rate of 32.48. The Thai currency is likely to move between 32.35 and 32.50 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said the baht was likely to fluctuate with the dollar if investors adjusted their dollar […]
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