Kasikornbank Withdraws Key Profit Goal Amid Economic Challenges
Kasikornbank Plc has abandoned a major profit goal amid concerns that Thailand’s already fragile economy may worsen further, potentially dampening loan demand and increasing default rates. Thailand’s second-largest bank is…
Gold Surges Past $3,500 to Reach Record High on Rate-Cut Expectations
Gold surged to a new peak, reaching a record high as expectations of U.S. Federal Reserve rate cuts and mounting concerns over the central bank’s future bolstered the ongoing multi-year…
Thailand’s Nok Air Suspended from International Flights Due to Safety Concerns
Photo Credit: Nok Air The Civil Aviation Authority of Thailand (CAAT) has directed Nok Air to suspend its international routes and possibly restrict its domestic expansion plans. This move comes…
Thai hotels lower room rates in response to declining tourist arrivals.
Thailand’s hotel industry is facing pricing pressure in 2025 after four consecutive years of rate hikes that nearly doubled the average room rates since 2021, according to Tris Rating. In…
Baht Remains Volatile Amid Turmoil Throughout the Week
The Thai baht is expected to experience increased volatility this week, driven by domestic political instability and anticipation of a US policy rate cut later this month. Kasikorn Research Center…
Bangkok Airways Modifies Plan for New Fleet
SET-listed Bangkok Airways has decided to cancel its plans to add two additional single-aisle aircraft to its fleet, primarily due to sluggish traffic on the Thai-Cambodian routes. Nevertheless, the airline…
Purchase Today, Face Bankruptcy Later
Buy now, pay later (BNPL) services have rapidly gained popularity in Thailand, riding the wave of e-commerce growth and the attraction of flexible payment options allowing consumers to make purchases…
China Plans to Deploy 300,000 Autonomous Taxis
Photo Credit: Xinhua via South China Morning Post By 2030, China is expected to have approximately 300,000 driverless taxis operating across its four major cities, driven by advances in artificial…
AI to Transform Thailand’s Economy in a Major Way
Photo Credit: Nutthawat Wichieanbut Artificial Intelligence (AI) is poised to revolutionize the economy more significantly than mobile technology and previous digital shifts, emerging as one of the most promising investment…