Some 36% of Thailand’s corporate equity is concentrated in the hands of just 500 people, highlighting wealth inequality in the country, according to a study released by the Bank of Thailand’s research institute. Each of these 500 on average amasses 3.1 billion baht ($102 million) in company profits annually, according to the report from the […]
Read MoreThe rice price guarantee scheme started on Tuesday, with eligible farmers set to receive the difference when market prices fall below the predetermined benchmark. Commerce Minister Jurin Laksanawisit said the state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) transferred 9.4 billion baht in compensation directly to the accounts of 349,000 registered farmers. The compensation will […]
Read MoreThai property developer Ananda Development Public Co Ltd wants to expand into Myanmar and is now looking for suitable partners in the country, its officials told Myanmar journalists in Bangkok on October 9. The company will focus on urban projects in Myanmar and is now exploring the various avenues through which it can invest in […]
Read MoreThe government pledges to speed up studies on the opportunities and challenges in reviving long-delayed trade talks between Thailand and the EU after the Council of the EU said in a statement on Tuesday the bloc aims to resume negotiations with Thailand on a free trade agreement (FTA). Auramon Supthaweethum, the director-general of the Department […]
Read MoreThe government on Tuesday unveiled 164 private hospitals rated “green”, meaning they offer friendly medicine pricing for patients. According to Whichai Phochanakij, director-general of the Internal Trade Department, the 164 hospitals out of 354 nationwide were assessed using three criteria: prices charged of up to 100% higher than the average retail price; prices 50% lower […]
Read MoreThe Bank of Thailand (BOT) will expand the scope of market conduct rules to state banks and nano-finance business, said Jaturong Jantarangs, assistant governor for supervision group 1. The rules currently apply only to private commercial private. They were set to ensure that banks are sustainable under sound management for the benefits and protection of […]
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Thailand
