Thailand is laying the foundations for standalone digital banks as it strives to catch up with other Asian markets that are allowing such changes, according to the central bank governor. “At this stage, Thailand might not have the ecosystem ready like in Singapore or Hong Kong, where the digital banking system is in better shape,” […]
Read MoreThe Commerce Ministry’s Internal Trade Department says it will introduce measures to alleviate the hardship of consumers who are likely to face rising prices for farm products due to this year’s anticipated drought. Director-general Whichai Phochanakij said the measures include offering specially discounted products through 102,000 Thong Fah (Blue Flag) low-priced shops nationwide. According to […]
Read MoreThai small and medium-sized enterprises (SMEs) see social media as the most crucial e-commerce platform, while surprisingly ranking e-marketplaces at the bottom of the list, according to a study published by ISEAS – Yusof Ishak Institute. The study, based on a survey of 310 Thai SMEs in the food and beverage and retail industries, found […]
Read MoreLocal energy companies are warning of a rise in retail fuel prices if global crude oil prices skyrocket above US$70 per barrel as a result of US-Iran tensions. Chairit Simaroj, managing director of Susco, a local oil trader, said these tensions could be prolonged if the nations fail to negotiate. “This is the beginning stage, […]
Read MoreTwo private banks, Ayeyarwady Bank (AYA Bank) in Myanmar and Thailand’s Siam Commercial Bank (SCB) have signed a memorandum of understanding (MOU) to collaborate in the development of cross border payments and fund transfer services between the two countries. This cements an October 2019 agreement between the Central Bank of Myanmar and the Bank of […]
Read MoreThailand and Bangladesh have agreed in principle to establish a free trade agreement (FTA), aiming to double bilateral trade to US$2 billion by 2021. According to Commerce Minister Jurin Laksanawisit, who chaired the 5th Joint Trade Committee (JTC) meeting between the two nations yesterday, Thailand is ready to kick off FTA talks with Bangladesh and […]
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