The Thai Bankers’ Association (TBA) plans to allow a third party to manage white-label ATM operations, a pool ATM service run by non-bank firms instead of individual banks, to cut the banking system’s operating costs. National ITMX, an interbank transaction management and exchange service provider under the TBA, has decided on a white-label ATM model […]
Read MoreE-commerce accounted for only 3 per cent of Thailand’s total trade, but the country is one of the main markets of Chinese e-commerce giants as Thai consumers are more likely to shop online while Chinese products are popular in the country. One of the reasons Chinese products keep flowing into Thailand, aside from their cheap […]
Read MoreExports fell for the fourth straight month in November, plunging by 7.39% year-on-year, attributed largely to lower oil and farm product prices, the world’s economic and trade slowdown, ongoing trade tensions between the US and China and baht appreciation. The Commerce Ministry reported on Monday customs-cleared exports fetched only US$19.7 billion in November, down 7.39% from […]
Read MoreThailand’s aviation industry is set to welcome two new low-cost carriers next year, according to the Civil Aviation Authority of Thailand (CAAT) on Monday. Thai Eastar Jet and Thai Summer Airways have obtained the required Air Operating Licences (AOL) and are currently in the process of obtaining their Air Operator Certificate (AOC), said CAAT director-general […]
Read MoreThe use of free trade agreement (FTA) privileges and the Generalised System of Preferences (GSP) by Thai exporters dropped by 2.95% in the first 10 months of the year to US$60.3 billion. Keerati Rushchano, the department’s director-general, said lower values were in line with the overall export outlook, which was marred by weak global demand, […]
Read MoreThe Finance Ministry is poised to propose to the cabinet an assistance package for small and medium-sized enterprises (SMEs) and credit cardholders early next year as part of its effort to keep a lid on bad loans and help ease the liquidity squeeze. A working panel chaired by Finance Minister Uttama Savanayana plans to discuss […]
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