The partnership between Siam Commercial Bank (SCB) and Indonesian unicorn startup Go-Jek will heat up competition in ride hailing and delivery in Thailand and provide opportunities for the bank to acquire more customers. SCB’s investment in the ride-hailing app Go-Jek is in line with the bank’s inorganic growth strategy and digital banking expansion. Go-Jek is […]
Read MorePolitical uncertainties clouding the economy will likely ease to some extent with the new cabinet in place, but the private sector remains concerned about the ability of the 19-party coalition government to deliver policies. Kalin Sarasin, chairman of the Thai Chamber of Commerce, said it’s too early for the private sector to make any comments […]
Read MoreThailand’s e-commerce price wars are intensifying as online retailers sacrifice margins by cutting product prices and offering discounts while reducing subsidies on shipping to ease losses. Lazada, the e-commerce arm under China-based Alibaba, said Thailand ranks third in mobile shopping on its platform behind China and Indonesia. Lazada Thailand is also considering opening its first […]
Read More* Thai prices significantly higher vs Vietnamese, Indian rice * Thai rice exports expected to fall short of 9.5 mln T target * Thailand faces new competition as China offloads own stockpiles By Patpicha Tanakasempipat and Panarat Thepgumpanat BANGKOK, July 10 (Reuters) – Thailand’s rice exports fell by 12% in the first half of 2019 […]
Read MoreTwo key committees under the Bank of Thailand have voiced concerns that threats to financial stability are still on the rise as household debt accumulation accelerates. The country’s family debt load remains high and is set to pick up further, particularly in auto loans, according to a summary of the joint meeting of the Monetary […]
Read MoreThe trade value of brand-name products smuggled into Thailand surged in June, partly motivated by bigger profits from the firmer baht, says a Customs Department official. The department last month saw 45 cases of smuggled brand-name goods worth 42.9 million baht in total, more than doubling the average monthly haul of 20 million baht in […]
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Thailand
