The US is calling on Thailand to alter its labour laws and allow foreign workers to set up labour unions here in order to protect workers’ rights. Boonyarit Kalayanamit, director-general of the Commerce Ministry’s Internal Trade Department, said Lewis Karesh, assistant US trade representative (USTR) for labour, proposed during a visit on Thursday Thailand amend labour laws […]
Read MoreThe chairman of the National Legislative Assembly’s (NLA) committee vetting a new national water resources bill Thursday assured that the bill, which will be given a second reading in the House today, does not contain a section that will tax farmers for irrigating their fields. Gen Akanit Muensawad said he is certain that the bill will […]
Read MoreSingapore-based ride-hailing firm Grab is in talks to sell “a decent-sized stake” in its Thai business to Thailand’s largest retailer, Central Group, people with direct knowledge of the matter told Reuters on Thursday. The size is yet to be determined though discussions have been ongoing for some time, said one of the people, who declined […]
Read MoreTHE TARGET for bilateral trade between Thailand and Vietnam has been set at US$20 billion by 2020, said Thai-Vietnam Business Council’s president Sanan Angubolkul during an interview with The Nation yesterday. In 2017, Thai-Vietnamese bilateral trade stood at US$16 billion in total value. Of which, Thailand exported up to US$11 billion worth of products to […]
Read MoreThe Asian Development Bank (ADB) has raised Thailand’s economic growth forecast to 4.5% this year and 4.3% in 2019 after robust growth of 4.8% in the first half amid improving economic prospects. “Looking ahead, we see high consumer confidence supporting domestic demand and the government’s welfare programme for low-income earners helping prop up domestic demand, ” Thiam […]
Read MoreThe Bank of Thailand plans to set regulations for peer-to-peer (P2P) lending service by the year-end, widening opportunities for small-business operators to access financial sources. The central bank expects to set out regulations to cover all related parties, including P2P lending platforms, borrowers and lenders, said assistant governor Ruechukorn Siriyothin. The Bank of Thailand and […]
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