The Test and Go scheme and Thailand Pass registration are expected to be scrapped by June 1 if there is no surge in infections or fatalities during the Songkran festival in April, says the Tourism and Sports Ministry. Tourism and Sports Minister Phiphat Ratchakitprakarn said Thai tourism has to move forward after opening the Phuket […]
Read MoreThai economic growth may fall to 3% this year if the Dubai crude oil price averages US$150 per barrel, according to a joint study by the government’s planning unit, the Bank of Thailand and the Fiscal Policy Office. According to Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), in the worst-case […]
Read MoreThe finance minister and the Bank of Thailand (BOT) on Thursday reiterated that cryptocurrencies cannot be used as a means of payment because it could affect the stability of the baht. Finance Minister Arkhom Termpittayapaisith’s response came a day after the Securities Exchange Commission announced its new regulation to ban the use of digital assets […]
Read MoreA researcher at the Thailand Development Research Institute (TDRI) says he supports some of the measures announced by the government on Tuesday to ease living costs, but notes that some could affect the social security system in the long run. This week the government announced a 10-point plan to alleviate the impact of high fuel prices, […]
Read MoreThe Oil Fuel Fund Office (Offo) expects to obtain the first portion of loans as part of a total of 20 billion baht from commercial banks next month as its fund, used to subsidise energy prices, is nearly empty. The loans are to repay oil and gas traders the money they used to cap diesel […]
Read MoreAlternative investment firm Ally Global Management is establishing and accelerating a new private asset industry in Thailand and Southeast Asia, with strategies focused on direct investments alongside co-founders of the world’s largest institutions. Kris Eiamsakulrat, managing partner of Ally Global Management, said the team’s proprietary networks and relationships built organically over decades with leading partners, […]
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