Siam Commercial Bank’s (SCB) digital lending arm Monix has launched a nanofinance service for low-income earners, with a loan target of 300 million baht for the first year of operation. Monix, in collaboration with Chinese tech unicorn Abakus, has extended 20 million baht worth of nanofinance loans to 3,000 customers since the business’s debut on […]
Read MoreAlthough local tourists will be key to a tourism recovery, hoteliers should prepare for a change in foreign tourist behaviour, says Proud Group, a leisure and hospitality development firm. The group’s director, Proudputh Liptapanlop, said the tourism business in the second half will depend largely on domestic tourists because of outbound travel bans and the […]
Read MoreThe Revenue Department has set its sights on drawing temples nationwide to participate in an electronic donation system amid rising charitable donation receipt forgery for tax claims. The department has increasingly been hearing about false donation receipts, said director-general Ekniti Nitithanprapas. Some have used the receipts for sales, while others asked monks to bump up […]
Read MoreAs sporadic tensions flare over US-China trade, a fierce debate also continues at home, centred on whether Thailand should join a trade pact touted as creating the third-largest free trade area in the world. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement involving a newly formed bloc of 11 Pacific […]
Read MoreThe Thai economy is estimated to shrink by 6.5% this year, eroding from a 4.8% contraction seen previously, as the coronavirus pandemic takes a toll on domestic consumption and investment and pummels outbound merchandise and services, says the Asian Development Bank (ADB). If the ADB’s forecast comes to pass, Thailand will have the deepest contraction […]
Read MoreMostly state-owned energy firm Bangchak Corporation Plc (BCP) expects its new gasohol product and the government’s domestic tourism stimulus package will improve its oil sales in the second half of the year, though year-end sales are expected to remain unimpressive. BCP president Chaiwat Kovavisarach said yesterday oil sales for the first half of the year […]
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