Smaller firms may delay investment and recruitment next year because of the recent minimum wage increase of 5-6 baht per day, says the Federation of Thai SMEs. Last Friday, the national wage committee agreed to hike the daily minimum wage from 308-330 baht to 313-336 baht. The panel will propose the rise to the cabinet […]
Read MoreMagnolia Quality Development Corporation (MQDC), a property developer, is increasing its investment in The Forestias on Bang Na-Trat Road KM7, expanding the project size by 35 billion baht to a total of 125 billion baht. The company aims to make the project a global prototype for town development. The increased investment makes The Forestias the […]
Read MoreCredit card issuers have proposed the Bank of Thailand lower the credit line of cardholders joining the central bank’s new refinancing scheme and waive loan-loss provision requirements for participants in return for an interest rate cut to 7-12%, says a source in banking circles. Those who want to take part in the scheme must agree […]
Read MoreAirports of Thailand (AoT) expects milder competition on Wednesday when it accepts bids from contenders vying for the right to operate duty-free shops at Don Mueang airport. AoT president Nitinai Sirismatthakarn said the contest is unlikely to be as fierce as the one to run duty-free and other commercial operations across four airports, as contenders […]
Read MoreEight emerging and evolving digital trends will help small and medium-sized enterprises (SMEs) in Thailand operate more efficiently and contribute more significantly to GDP and the digital economy, according to Zoho Corp, an Indian developer of web-based business tools. Gibu Mathew, vice-president and general manager for Asia-Pacific, discusses the trends. 1. Digitised economy: Phenomena such as […]
Read MoreNew guidelines for franchise businesses under the Trade Competition Act are scheduled to become effective in February. The move aims to ensure good governance and standardise business practices, as well as prevent franchisers from taking advantage of small-scale franchisees. Santichai Santawanpas, commissioner of the Office of Trade Competition Commission (OTCC), said the guidelines for unfair […]
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Thailand
