The Bank of Thailand (BoT) said on Wednesday it was closely monitoring the situation and will act as appropriate following an emergency interest rate cut by the Federal Reserve. However, the central bank said in a statement it had already taken action, cutting the policy rate on Feb 5 to alleviate the negative impact of […]
Read MoreSiam Commercial Bank (SCB) plans to open its first branch in Myanmar this year if the Central Bank of Myanmar (CBM) grants a bank subsidiary licence, says a SCB senior official. If approved, SCB will upgrade the existing representative office to a branch, said first executive vice-president Kamalkant Agarwal. The bank needs time to develop […]
Read MoreShoppers in Greater Bangkok are quickly emptying supermarket shelves of long-lasting items like instant noodles, packed rice, tissue paper, tinned fish and drinking water as fears mount over the coronavirus epidemic. Large retail operators including Tops Supermarket, Tesco Lotus, The Mall Group and Big C Supercenter acknowledged that these items have been snapped up quickly […]
Read MoreCorn traders will be collaborating to set up collection centres in Myawaddy, Kayin State, near the Thai border to facilitate exports of the crop, say industry officials. The collection centres, expected to be up and running within the next few months, are expected to help boost sales of corn to Thailand, said U Min Khine, […]
Read MoreOnline food delivery platforms are seeing a boom in orders as customers stay home to avoid contact with the deadly coronavirus, with GrabFood enjoying a 200% increase in deliveries compared with a normal period. Tarin Thaniyavarn, country head of Grab Thailand, said the number of rides from Grab’s transport services (GrabBike and GrabTaxi) has remained […]
Read MoreHotels are bracing to lose another major source of revenue as companies opt to make announcements online or through video conferencing to avoid contact with the coronavirus, rather than the typical method of pricey hotel press conferences. Major companies like Advanced Info Service (AIS), Lazada, Allianz Ayudhya Assurance and Kasikornbank are opting for teleconference calls […]
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Thailand
