Tris Rating expects demand for housing in Thailand to drop by 10% this year, as negative factors outweigh positive ones. The major negative factors include the new loan-to-value (LTV) rules imposed by the Bank of Thailand, an expected decline in Chinese buyers, and political uncertainty. In addition, the number of non-performing mortgage loans is rising, as […]
Read MoreThe Business Development Department has teamed up with Grab Thailand to promote Thai restaurants certified with the Thai Select seal by the Commerce Ministry. Vuttikrai Leewiraphan, director-general of the department, said in the first phase there will be 101 Thai Select-certified restaurants and 22 franchised restaurants in Bangkok and Chiang Mai participating in the scheme. Thai […]
Read MoreTwo state-run agencies — the Electricity Generating Authority of Thailand (Egat) and the Industrial Estate Authority of Thailand (IEAT) — are teaming up with Pinthong Industrial Park to develop on-site power generation at industrial estates in Chon Buri province. The system includes power generation from solar rooftops and energy storage, as well as a blockchain system […]
Read MoreThe government is pushing to get at least two contracts relating to the much-touted Eastern Economic Corridor (EEC) project signed by next month, before the new government is sworn in. The EEC scheme consists of five different projects — the 225-billion-baht high-speed railway linking three major airports, the 290-billion-baht construction of U-Tapao Aviation City, the setting-up […]
Read MoreThe Revenue Department is warning corporate taxpayers that it has already adopted data analytics and a risk-based auditing system that can better track the accuracy of tax payments. The tax-collecting agency is using high-tech software to evaluate the financial position of operators relative to their industry peers, using data analytics and a risk-based auditing system to […]
Read MoreFINANCIAL technology (fintech) has taken the lead in Thailand’s digital transformation process, to be followed by e-commerce in the next five years, said Pete Chemsripong, general manager of ThoughtWorks (Thailand), a global tech-consulting firm. “Knowledge of how new technology can re-model businesses is still limited to websites and applications,” he said. In the past few […]
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