Car manufacturing is expected to increase by 5.12% to 1.5 million units this year from 1.42 million units last year as the Federation of Thai Industries (FTI) pins hopes on the state’s ability to get the ongoing outbreak under control to bring Thailand back on track towards economic recovery. Surapong Paisitpatanapong, vice-chairman and spokesman of […]
Read MoreThailand’s mutual fund industry registered a 6.5% decrease in net asset value to 5 trillion baht last year with net outflows of 280 billion baht, attributed to the effect from the closure of four fixed-income funds of TMBAM Eastspring, according to Morningstar Research Thailand. Thai large-cap equity funds registered a contraction for the first time […]
Read MoreThe Federation of Thai Industries (FTI) has proposed five measures to increase liquidity for small and medium-sized enterprises (SMEs) under the state’s 500-billion-baht soft loan programme in a fresh move to relieve the impact of the ongoing outbreak that has caused a drop in the Thailand Industrial Sentiment Index (TISI) for the first time in […]
Read MoreThe Tourism and Sports Ministry expects the 300-baht tourism fee collected from foreign visitors this year to establish a tourism fund to assist the battered industry. Phiphat Ratchakitprakarn, the tourism and sports minister, said the fund is vital for Thai tourism, allowing operators to access financial support from this budget immediately in the face of the […]
Read MoreThe pandemic continues to ravage tourism operators as the number of tour companies withdrawing their licences reached its peak in December, while 65-70% of outbound agents closed indefinitely amid the tight border restrictions. Around 10% of outbound operators gave up their licences with the Tourism Department, particularly after the resurgent virus hit local communities on […]
Read MoreMoney changer companies are exploring new foreign exchange-related businesses to seek new income sources after their businesses have been drastically affected by the pandemic. SuperRich Currency Exchange (1965), a leading local money changer, has submitted an application for a money transfer and e-money licence with the Bank of Thailand and is awaiting regulatory approval. The […]
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