Thailand’s cross-border trade plunged by 10.8% in the first month of this year, as the coronavirus outbreak dented the global economy and logistics services, particularly to southern China. On Thursday the Foreign Trade Department reported the country’s overall cross-border trade, including transit trade, totalled 86.1 billion baht, with Malaysia the biggest partner for border trade. Transit […]
Read MoreTourism businesses have been knocked comatose by the virus panic spreading around the country, while the Tourism Authority of Thailand (TAT) cut its estimate for international arrivals to 33 million in 2020. The Association of Thai Travel Agents (Atta) reported foreign tourists using Atta member services from January to Feb 20 was 500,232, a decrease […]
Read MoreThe government insists it never interfered with state agencies to favour Philip Morris (Thailand) Ltd (PMTL) by lobbying public prosecutors not to press a new charge against the company. On the fourth day of the no-confidence debate, the opposition raised the dispute between Thai agencies and tobacco company Philip Morris to grill the government. Saranwuth […]
Read MoreSiam Commercial Bank 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 infrastructure […]
Read MoreCambodia and Thailand are planning temporary opening of a crossing along Stung Bot of Cambodia’s Banteay Meanchey province and Thailand’s Ban Nong Ian area in Sa Kaeo province. The news was shared in a meeting between H.E. Heng Rathpisidh, Cambodia’s Director General of Public Works General Department, Ministry of Public Works and Transport, and Mr. Apichart Junratasup, Deputy […]
Read MoreThailand’s richest man wants to set another record. Billionaire Charoen Sirivadhanabhakdi, via his recently listed property unit Asset World Corp, has his sights on building the nation’s tallest skyscraper. Details are scant — no official height has been set and completion isn’t expected until 2025 — but the tower, at the centre of another $948 […]
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