Bitcoin Co Ltd’s recent closure announcement is unlikely to have a negative effect on Thailand’s digital asset industry because there are about 10 other companies applying to become authorised digital asset exchanges, says the Securities and Exchange Commission (SEC). Bitcoin Co’s decision to cease its business operations could be because it does not want to […]
Read MoreDespite an unexpected rise in exports in July, Thai shippers are maintaining their forecast for outbound shipments to contract by 1% this year. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said exports still face multiple risks: the global economic slowdown exacerbated by the escalating trade war, the Brexit impasse, international political conflicts, […]
Read MoreBangkok (VNA) – The Energy Ministry of Thailand is ready to push forward five plans to promote energy sector in ASEAN at the 37th ASEAN Ministers on Energy Meeting (AMEM) that scheduled for Sept 2-6 in Bangkok. Bangkok Post quoted the ministry’s director for international affairs Poonpat Leesombatpiboon as saying that the five action plans are […]
Read MoreIn the first quarter of this year, household debt nationwide stood at Bt13 trillion, rising by 6.3 per cent and accounting for 78.7 per cent of the total GDP – the highest since the first quarter of 2017, the latest report on Thailand’s Social Situation and Outlook in the second quarter of 2019 from the […]
Read MoreThe government on Monday lowered the annual inflation forecast to a range of 0.8-0.9% this year, the slowest growth in two years, from 0.7-1.3% in July, due to lower oil prices. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said the latest forecast was based on oil prices averaging US$64 per barrel, the […]
Read MoreThe risk-prevention function of gold has been in the global spotlight lately, with the price pushing past US$1,500 an ounce for the first time in six years on Aug 7 and holding there in recent days. As oil prices are often inversely related to gold prices, we are confident that gold will climb to $1,800, […]
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