The cabinet on Wednesday approved cutting the investment and regular budgets in fiscal 2021 by 50% and 25% respectively, a move to mobilise funding to ease the financial burden arising from the pandemic. Narumon Pinyosinwat, a government spokeswoman, said all state agencies are required to revise their fiscal budgets in line with cabinet approval and […]
Read MoreThailand’s Kasikornbank is planning to expand into Myanmar’s retail market with a focus on digital services. The Central Bank of Myanmar on April 9 approved the Thai bank’s acquisition of a 35 percent stake in Ayeyarwaddy Farmers Development Bank (A Bank), making it the first foreign commercial bank to take a stake in a local […]
Read MoreThe coronavirus outbreak is driving behavioural changes, especially in combined online-offline shopping, food orders, premium and innovative products and domestically produced items, according to research firms. “Thailand is entering the fourth stage of the pandemic, where people are living with quarantine preparations,” said Somwalee Limrachtamorn, managing director of Nielsen Company Thailand. The fifth stage is […]
Read MoreThe Commerce Ministry is scheduled to meet manufacturers, modern trade operators and department stores on Thursday to ask for cooperation on lowering prices of essential goods for consumers, with a focus on food and daily use products to reduce the cost of living for people hurt by the pandemic. Local diesel prices, which is a […]
Read MoreThais are flocking to Bangkok’s Chinatown to sell their gold jewellery as the price of the precious metal spikes and the economy tanks due to the coronavirus pandemic. Gold surged to a seven-year high on Tuesday to US$1,731.25 an ounce, following global moves led by the US to reinflate economies with trillions of dollars of […]
Read MoreThe Commerce Ministry is scheduled to meet manufacturers, modern trade operators and department stores on Thursday to ask for cooperation on lowering prices of essential goods for consumers, with a focus on food and daily use products to reduce the cost of living for people hurt by the pandemic. Local diesel prices, which is a […]
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Thailand
