Thai banks’ profitability will deteriorate as interest rates stay low for a prolonged period as the central bank maintains a loose monetary policy to fight the sharp economic downturn caused by the coronavirus outbreak, says Moody’s Investor Service. Narrowing net interest margins (NIMs), combined with weakening loan growth, will reduce net interest income, the main […]
Read MoreForeign direct investment (FDI) applications fell 29% in the first nine months of this year to 118.5 billion, as investors were deterred by the pandemic. The Board of Investment reported on Wednesday the number of foreign direct investment applications totalled 657 projects, compared with 665 projects in the same period of last year. Japan remains Thailand’s […]
Read MoreThe government through the Commerce Ministry looks set to organise the final discount scheme of the year covering more than 13,000 product items nationwide in November, a move to help lower costs of living for the people. According to Commerce Minister Jurin Laksanawisit, the seventh campaign in which the ministry has partnered with modern trade, […]
Read MoreThe country’s post-election state of political limbo is causing many Americans to hit the pause button on just about every type of purchase during what retailers had hoped would be an early holiday shopping season. That uncertainty, retail analysts say, deals yet another setback to an industry that has already dealt with its share of […]
Read MoreLine Shopping, an online shopping platform of Line app, is pivoting towards entertainment, shopper engagement and convenient commerce as part of its strategies to catch the wave of social commerce in Thailand. The move is meant to support the platform’s social commerce ecosystem with fun chat and new shopping experiences through various features. Line Shopping […]
Read MoreForeign investment applications in Thailand amounted to 118.5 billion baht in January-September, down 29% from a year earlier, as investors were deterred by the coronavirus pandemic, an investment agency said on Wednesday. Foreign investors remain interested in the country, despite months of political protests, Duangjai Asawachintachit, secretary general of the Board of Investment (BoI), told […]
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Thailand
