Just as Thailand looks ready to displace Chinese parts and products in American cars and kitchens, dysfunctional politics may cost it the opportunity. After five years of military rule, the Southeast Asian nation has returned to a fragile democracy. A pro-junta alliance is still negotiating with potential allies to form the next government following elections in […]
Read MoreSiam Commercial Bank (SCB) has expanded trade finance credit lines for small and medium-sized enterprises (SMEs), aiming to reap opportunities from cross-border e-commerce. The bank has increased total trade finance credit lines offered to SME clients by 1 billion baht per month since the start of the year. The strategy to support growing SME loan […]
Read MoreBangkok Bank (BBL) expects to finalise its banking agent appointments this year after negotiations with several potential partners, including MAI-listed Forth Smart Service Plc, the operator of Boonterm top-up machines. The bank is considering the business feasibility of potential banking agents, particularly customer demand for transactions via the channel, as well as infrastructure base, security systems and […]
Read MoreThe Office of Agricultural Economics (OAE) has reported that for the first quarter of this year, Thailand had a trade surplus with other Asean countries of 53.24 billion baht ($1.67 billion), an increase of 0.02 per cent. The country’s major agricultural exports are fish, rice, fruit and rubber. Noting the increased competition from Vietnam, the […]
Read MoreAlthough Thailand managed to avoid a place on the US watch list for currency manipulation, the Bank of Thailand is still wary on the matter after the US Treasury tightened its criteria, says the central bank’s chief. Thailand cannot afford to be overconfident and the central bank will continue monitoring the situation, said governor Veerathai Santiprabhob. […]
Read MoreThe Commerce Ministry is set to propose short, medium and long-term measures to cope with the impact of the deepening trade row between the US and China at the International Economic Policy Committee meeting chaired by Prime Minister Prayut Chan-o-cha on June 11. Chutima Bunyapraphasara, the acting commerce minister who chaired Wednesday’s joint meeting with the […]
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