Energy Absolute Appoints New CEO and Seeks Extension for Bond Payments
Energy Absolute, the Thai renewable energy firm that has seen a significant drop in value due to a fraud investigation, has appointed a new chief executive officer and announced plans…
BoI Introduces Matching Fund to Support Startups
Startups with significant growth potential in targeted industries will receive financial assistance of up to 50 million baht each from a newly established fund by the Board of Investment (BoI).…
Thailand on Track for a Decade of Sluggish Growth
The Thai economy is expected to grow at an average rate of 2.8% annually over the next decade, driven by a resurgence in tourism, its role as a regional automotive…
The Bank of Japan Increases Interest Rates to 0.25 Percent for the Second Time since 2007
Japan’s central bank increased interest rates on Wednesday for the second time in almost two decades in an effort to stop the yen’s decline versus the US dollar. The bank…
BOT (Bank of Thailand) plans to relax foreign exchange rules
The Bank of Thailand (BoT) is set to further relax foreign exchange regulations in order to facilitate business operations and improve the country’s foreign exchange environment in the long run.…
UOBAM anticipates profits for Thai stocks in the latter half of the year.
UOB Asset Management (UOBAM) projects that the Stock Exchange of Thailand (SET) index will surpass 1,440 points during the second half of the year, advising investors to take a strong…
Baht Expected to Continue Strengthening This Year Despite Challenges
The baht is predicted to strengthen further to 35.30 per US dollar in the short term, following a rise to a four-month high of 35.72 earlier this Wednesday. However, political…
Thai Oil Denies Allegations of B567 Million Wage Settlement.
Thai Oil Public Company Ltd has denied agreeing to make a payment of 567 million baht to settle outstanding wages owed to workers by subcontractors. The unpaid wages are reportedly…
Current Account Surplus in June Increases to $2 Billion.
Thailand recorded a current account surplus of $2 billion in June, up from $700 million in May, as reported by the Bank of Thailand (BoT) on Wednesday. Exports saw a…
Global Rice Surplus Expected to Impact Thai Exports.
Thai rice exports are projected to fall below 8 million tonnes next year due to various risk factors affecting their competitiveness. These include insufficient research and development (R&D) for rice…