More than US$3 billion was raised from initial public offerings (IPOs) on Thailand’s bourses in 2022, the highest IPO value in Southeast Asia as regional fundraising dropped by nearly half from the previous year, according to a new study. Last year the Stock Exchange of Thailand (SET) raised a total of $3.6 billion, on par with […]
Read MoreThe Commerce Ministry is set to organise as many as 450 activities to stimulate exports this year, focusing mainly on four potential markets: the Middle East, South Asia, China, and Cambodia, Laos, Myanmar and Vietnam (CLMV). The ministry is also keen to tap new markets such as Central Asia and the Nordic countries, said Phusit Ratanakul […]
Read MoreThailand is the most-searched destination among Chinese travellers using Airbnb, according to data collected by the accommodation sharing platform. Within the country, Bangkok, Phuket, Chiang Mai and Pattaya top the list of searches by Chinese outbound travellers. The easing of China’s pandemic measures and the reopening of cross-border travel has led to a rapid uptick […]
Read MoreEnergy officials may keep the power tariff, which determines electricity bills, unchanged or trim the rate at its next adjustment as gas prices have become less aggressive. The new rate will be enforced between May and August. Early this week, prices of liquefied natural gas (LNG) in the spot market fell to UScopy5-16 per metric […]
Read MoreThailand’s retail industry is expected to grow by 6-8% this year, double the rate of the GDP, helped by the recovery of tourism, according to the Thai Retailers Association (TRA). Yol Phokasub, president of the TRA, said the retail industry has been improving, particularly in destinations reliant on tourism such as Phuket, Samui and Pattaya. […]
Read MoreThe strengthening of the baht is a risk to Thailand’s economy at the moment as it reduces export volumes, the finance minister said on Friday. The business sector needs to hedge against foreign exchange risks, Finance Minister Arkhom Termpittayapaisith told a ministry event. The baht has gained about 2.7% against the dollar so far this […]
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