Grab Thailand has become the latest to join the fintech frenzy, aiming to launch an e-wallet in partnership with Kasikornbank (KBank) this month, backed by data from users and drivers to reach Thais who do not have bank accounts. By entering the digital payments sector, Grab will build upon its long-stated goal of becoming a […]
Read MoreThe Customs Department aims to link the National Single Window (NSW) with three more countries this year, expanding the electronic exchange system of trade-related data. The additional three countries are Myanmar, Cambodia and the Philippines, said director-general Krisada Chinavicharana. Cambodia started a trial run for the NSW with Thailand at the beginning of July, he […]
Read MorePolitical uncertainty is a major risk sapping investor and consumer confidence and clouding the country’s economic outlook, the World Bank says. Domestic factors are the main risk to Thailand’s outlook for the rest of the year, said Kiatipong Ariyapruchya, the global lender’s senior economist for Thailand. Delays in the new government’s formation will postpone fiscal […]
Read MoreSeveral challenges beset Thailand’s tourism industry in the first half of 2019, especially the fading China market after a slowdown stemming from the sluggish global economy and trade tensions between the world’s two biggest economies. The soaring baht against major currencies, including the yuan, is another worrying issue that could deter Chinese from travelling here. […]
Read MoreBangkok Airways, a Thai regional airline, is interested in opening a direct route between Bangkok and Bagan, which has just been accorded the World Heritage Site status by UNESCO. Bagan, an ancient site of Buddhist temples, monasteries and fortifications in Mandalay Region, already popular with tourists, could see more interest now that it has finally […]
Read More[CHIANG MAI] Thailand’s central bank is not happy with hot money flowing into the country and has sometimes taken action on excessive moves in the baht, the governor said on Monday. Any intervention is not for a competitive advantage in trade, Bank of Thailand Governor Veerathai Santiprabhob told a seminar in the northern city of […]
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