Domestic tourism stimulus measures, including proposals for gift vouchers and cash handouts, are expected to be concluded next week, says Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn. The stimulus is likely to be disbursed from July to October, Mr Yuthasak said after a meeting with finance permanent secretary Prasong Poontaneat. Apart from money and […]
Read MoreA cybersecurity expert has warned users of messaging app Line about the risk of having their accounts hacked. Line is the most popular messaging app in Thailand, with 46 million Thais using the service. “I estimate hundreds of fraud cases happen from the hacking of Line users’ accounts per year,” said Prinya Hom-anek, a cybersecurity […]
Read MoreThe Bank of Thailand has summoned foreign exchange dealers to meet on Thursday to discuss the baht’s rapid gain, which it does not consider to be in line with the country’s fragile economy. The discussion could focus on the baht’s reversal to a top performer in Asia from the weakest over the first four months, […]
Read MoreThe coronavirus pandemic is taking a heavy toll on numerous startups as they struggle to gain customers and funding prospects dry up. Some investment pundits even project up to half of startups in pre-Series A funding are likely to disappear following the Covid-19 era. The pandemic is expected to shed at least 20% of venture […]
Read MoreGeopolitical risks and the protracted domestic economic slowdown will continue to limit foreign fund inflows into Thailand’s stock market this month, says Asia Plus Securities (ASP). Foreign investors were the sole net sellers in May of local equities, worth 31.6 billion baht, with year-to-date foreign net outflows totalling 194 billion as of May 29. Equity […]
Read MoreCentral Group and its subsidiaries led by Central Pattana (CPN) are launching a campaign to rebuild the economy by offering free rental space to farmers, small and medium-sized enterprises (SMEs) and students at Central malls nationwide. The group will also offer discounts of up to 90% on goods until July 31 to ease living costs […]
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