Thailand’s central bank is expected on Wednesday to hike its key interest rate from near-record lows for the first time in more than seven years, a Reuters poll survey showed. An increase would reflect how policymakers are wary of financial risks and would give them some room to cut the benchmark later if global economic […]
Read MoreA full 97% of Thailand’s Generation Z, aged 16-23, are eager to work with cutting-edge technology in future careers, higher than the global and Southeast Asian averages, according to a survey by Dell Technologies. “In 2019, Gen Z, who were born after 1996, will graduate and enter the labour force, making up 20% of the workforce […]
Read MoreInformation technology services spending in Thailand is expected to reach 92.6 billion baht this year, an increase of 9.2% over the 84.8 billion spent in 2017, according to International Data Corporation (IDC). The largest contributor to IT services spending is project-oriented services (40.5 billion baht), followed by managed services (30.9 billion) and support services (21.2 billion). […]
Read MoreWing (Cambodia) Limited Specialized Bank and the Cambodian Commercial Bank, a subsidiary of Thailand’s Siam Commercial Bank (SCB), yesterday signed a partnership deal that paves the way for the creation of money-transfer services with Thailand. An inward money-transfer service between Wing and CCB will be introduced in the next three months, while transfers to Thailand […]
Read MoreEnergy policymakers are planning to cap the power tariff at 3.576 baht per kilowatt-hour (unit) under a new version of the national power development plan (PDP), with the expectation of maintaining consumer power bills for 20 years, says Kulit Sombatsiri, permanent secretary of the Energy Ministry. The previous version of the PDP caps the tariff at […]
Read MoreHSBC Global Research expects the Bank of Thailand (BoT) to hike its policy rate by 25 basis points (bp) at the upcoming meeting on December, 19 after holding it unchanged for more than three years. At the meeting on 14 November, three members voted for a 25bp hike. Only one more vote is needed to […]
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Thailand
