Competition in the country’s parcel delivery business is not merely a red ocean market, it’s bright red as China-based delivery companies parade into the 66-billion-baht market with massive investment to combat their rivals. Thailand Post Co, despite its pedigree for providing mail and postcard delivery as well as money order services, is now thriving in […]
Read MoreThe Bank of Thailand plans to implement digital factoring next year to facilitate small and medium-sized enterprise (SME) access to loans. Factoring businesses provide an intermediate solution for liquidity problems caused by delayed payments. The idea behind the process is suppliers sell the invoices of a customer or debtor to a factoring business at a […]
Read MoreNew business registrations continued to fall in August, dipping 7% from the same month last year as the business sector frets over the pandemic. The Business Development Department reported yesterday new business registrations totalled 5,538 in August, with combined registered capital worth 14.3 billion baht, a decrease of 17% from last year. On a monthly […]
Read MoreA seven-day quarantine for foreign tourists can be put into effect in November if the first batch of inbound tourists in October is clear of coronavirus infections, says the Tourism and Sports Ministry. After next Tuesday’s cabinet meeting, the government will announce more details of the special tourist visa (STV) that will allow long-stay visitors, the […]
Read MoreThailand’s digital industry value is expected to climb 1.2% to 655.6 billion baht this year and surge 12.9% in 2021, driven by digital transformation, 5G tech and the adoption of artificial intelligence and the Internet of Things (IoT), says the Digital Economy Promotion Agency (Depa). Depa, in partnership with the IMC Institute, conducted a 2017-19 […]
Read MoreWith rising demand for rubber gloves, products related to working from home, appliances, healthcare items and food because of the pandemic, the Commerce Ministry expects the country’s overall exports to shrink by just 5-8% this year. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said that despite the coronavirus crisis, most trading partners […]
Read More
Thailand
