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Thailand tackles electric vehicle disposal amid market boom
Thailand tackles electric vehicle disposal amid market boom
WEDNESDAY, MAY 08, 2024
As Thailand’s electric vehicle market booms due to government subsidies, the proper disposal of end-of-life vehicles (ELV) is increasingly crucial to minimise environmental impact and maximise reuse of remaining components.Credit card debt soars to 550 billion baht
Credit card debt soars to 550 billion baht
WEDNESDAY, MAY 08, 2024
Non-performing loans (NPL) from credit cards in the first quarter of 2024 amounted to 64 billion baht, an increase of 14.6% year on year, following the raising of minimum monthly payments from 5% to 8% of the amount on January 1, the National Credit Bureau (NCB) reported on Tuesday.Thailand and Vietnam battle it out for rice export ranking
Thailand and Vietnam battle it out for rice export ranking
WEDNESDAY, MAY 08, 2024
Thailand and Vietnam are racing for second place as the world’s top rice exporter this year, as India, although still in first place, could see a significant drop in rice exports year on year due to internal policies, the Thai Rice Exporters Association (TREA) said on Tuesday.Govt mulls transfer of debt from 1997 financial crisis to BOT
Govt mulls transfer of debt from 1997 financial crisis to BOT
MONDAY, MAY 06, 2024
Over the past 8 months as Prime Minister, Srettha Thavisin has held differing views from the Bank of Thailand (BOT) on various issues. These differences include the digital wallet initiative and the perceived independence of the BOT, which the government sees as a hindrance in addressing economic issues.Rift between PM and central bank gets wider
Rift between PM and central bank gets wider
MONDAY, MAY 06, 2024
Since taking office, Prime Minister Srettha Thavisin has set his government several challenges, among them to achieve an average economic growth rate of at least 5% per year over five years and stimulating the economy through a handout of 10,000 baht to the people (the digital wallet project), totalling 5 trillion baht.Thai exports in March drop 10.9% year on year
Thai exports in March drop 10.9% year on year
SATURDAY, MAY 04, 2024
Thai exports in March dropped 10.9% year on year, the first decline in eight months, because of negative sentiments on the economy, the Trade Policy and Strategy Office (TPSO) said on Saturday.Techsauce reveals strategy to make Thailand tech, innovation hub
Techsauce reveals strategy to make Thailand tech, innovation hub
SATURDAY, MAY 04, 2024
Technology ecosystem builder Techsauce unveiled strategies, pioneering public-private collaboration to drive Thailand as the technology gateway to Southeast Asia on Friday.Thailand's beauty market expects only modest growth
Thailand's beauty market expects only modest growth
SATURDAY, MAY 04, 2024
Thailand's beauty market is expected to grow only modestly this year because of negative sentiments such as intense competition, rising material and transportation costs, and a decline in purchasing power.Thailand private sector seeks more access to India’s growing economy
Thailand private sector seeks more access to India’s growing economy
SATURDAY, MAY 04, 2024
Thailand’s private sector urged the government to negotiate more free-trade privileges with India to expand markets for Thai products after statistics showed the south Asian country could be one of the largest potential trade partners.Thailand emerging as a hub for data centres, cloud services, says BOI
Thailand emerging as a hub for data centres, cloud services, says BOI
SATURDAY, MAY 04, 2024
Thailand has the potential to become a digital hub as 18 technology firms have received 77.79 billion baht in investments, the Board of Investment (BOI) said on Saturday.Thailand needs to develop digital talent to ensure competitiveness
Thailand needs to develop digital talent to ensure competitiveness
SATURDAY, MAY 04, 2024
Several experts have urged the government to accelerate the acquisition of digital literacy by Thais to boost the country's digital competitiveness.BOT policies an obstacle in government’s economic mission: Paetongtarn
BOT policies an obstacle in government’s economic mission: Paetongtarn
FRIDAY, MAY 03, 2024
Pheu Thai Party leader Paetongtarn Shinawatra on Friday said the Bank of Thailand (BOT) was proving to be a hurdle in solving the country’s economic problems.Microsoft and Thailand still talking on size of investment: source
Microsoft and Thailand still talking on size of investment: source
FRIDAY, MAY 03, 2024
While Microsoft has announced it will build its first regional data centre in Thailand, negotiations on the size of its investment in the country are still ongoing after eight months of talks, according to a Government House source.