610 Billion Baht in mortgages may end up become non performing loans
The National Credit Bureau has issued a warning about the potential risk of 610 billion baht in housing loans becoming non-performing debts, particularly impacting individuals with lower and middle incomes.…
Air China mulls in lifting stake in Cathay Pacific
Air China (CA, Beijing Capital) is considering lifting its 29.99% stake in Cathay Pacific (CX, Hong Kong International), according to Bloomberg. The Chinese majority-state-owned airline has previously talked about buying…
Thailand may increase minimum wages for the second time this year
The wage committee in Thailand is currently reassessing the daily minimum wage following a 2.37% increase earlier in the year, which was deemed insufficient by Prime Minister Srettha Thavisin, especially…
More staff and auto gates to speed up in Suvarnabhumi
Additional staff are being rostered and more automatic processing gates are being installed in response to the prime minister’s concerns about slow passenger queues at Suvarnabhumi airport. Kerati Kijmanawat, the…
Air quality to improve in Bangkok whilst the Air aquality up north worsens
While residents of Bangkok can anticipate an improvement in air quality this week as levels of harmful ultra-fine PM2.5 pollutants are projected to decrease, people in the North and Northeast…
The PM very unhappy with the long queue’s at the airport
Prime Minister Srettha Thavisin continues to express dissatisfaction with the long queues and delays faced by passengers at Suvarnabhumi International Airport’s immigration control. He recently made a surprise visit to…
Power bank catches fire on Air Asia flight
Chaos erupted during a flight from Bangkok to Nakhon Si Thammarat when a power bank explosion occurred, leading to a midair fire on Saturday morning. Passengers and crew onboard Thai…
Srettha to meet with EV investors in Germany
During Deputy Prime Minister Parnpree Bahiddha-Nukara’s official visit to Germany, the government outlined plans to attract German car manufacturers to invest in Thailand’s electric vehicle (EV) industry. The aim is…
HSBC post record pre tax profit in 2023
HSBC Holdings announced a historic pre-tax profit for 2023, bolstered by increased global interest rates, despite facing a $3 billion impact from its stake in China’s Bank of Communications. The…
Taxes cut down for alcohol and nightlife venues
Recent announcements from the Excise Department reveal a reduction in tax rates for alcohol and nightlife establishments, effective immediately, aimed at stimulating tourism and local spending. Director-general Ekniti Nitithanprapas explained…