Bangkok Bank Reports 6.2% Increase in Profit
Two listed banks, including Bangkok Bank (BBL), have reported positive net profits for the first nine months of 2024, while another two banks saw declines in their profits. BBL, the…
Key iCon Fraud Suspect ‘Boss Paul’ Sentenced to Jail
Photo credit: Wassayos Ngamkham Warathaphon “Boss Paul” Waratyaworrakul, a key suspect in The iCon Group fraud case, has been remanded in custody alongside 17 other suspects after the Criminal Court…
Thai Airways Capital Restructuring Set to Begin
Thai Airways International has submitted a fair value assessment to the Stock Exchange of Thailand in preparation for its upcoming capital restructuring, which will involve a debt-to-equity conversion and the…
B220 Million in Assets Initially Confiscated from iCon Suspects
Photo credit: Pattarapong Chatpattarasill Officials have initially confiscated assets valued at approximately 220 million baht, including 23 luxury cars, from suspects involved in The iCon Group fraud case. Nearly a…
Finance Ministry Aims for Increased Inflation Target Following Rate Cut
The government is still advocating for a higher inflation target that could lead to increased prices, Finance Minister Pichai Chunhavajira stated on Thursday, following the Bank of Thailand’s (BoT) unexpected…
Cabinet to Evaluate Feedback on Casino Proposal
Photo credit: Chanat Katanyu A public hearing regarding the casino-entertainment complex bill has concluded, and feedback will be submitted to the cabinet, as reported by the Fiscal Policy Office (FPO)…
All 18 iCon Suspects Arrested on Fraud Charges
Police have apprehended all 18 suspects linked to the iCon Group fraud case, including the founder and CEO, Warathaphon “Boss Paul” Waratyaworrakul, as confirmed by the Central Investigation Bureau (CIB)…
Nok Air looking at capital raising for 2025
Nok Air (DD, Bangkok Don Mueang) plans to raise THB 5 billion (USD 150.5 million) next year as it prepares for an exit from its business rehabilitation in 2026. CEO…
Baht Expected to Strengthen if Central Bank Keeps Rates Steady
The baht may strengthen past 33 per dollar, rising from 33.40 as of Tuesday, if the Bank of Thailand opts to maintain its policy interest rate at 2.50% during Wednesday’s…
Extension of TM6 Form Suspension for Travelers
The use of TM6 immigration forms will continue to be suspended until April 30 of next year to promote cross-border tourism while the new electronic travel authorization (ETA) system is…