SEC Urges Thai Banks to Strengthen Account Verification and Enhance Fraud Prevention Measures
Photo Credit: Chanat Katanyu The Securities and Exchange Commission (SEC) has called on Thai banks to tighten their account opening procedures and implement stricter Know Your Customer (KYC) standards, emphasizing…
Thailand plans to reduce borrowing by 8% as public debt approaches legal limit
Thailand is planning to reduce its government borrowing by around 8% in the upcoming fiscal year starting October, aiming to maintain fiscal discipline as the nation’s public debt approaches the…
Bank Warns That Inexpensive Chinese Imports Pose Risks to Thailand’s Economy
A recent report by Krungthai Bank indicates that although Thailand has not yet entered deflation, a surge of inexpensive Chinese goods could pose a serious threat to local businesses. Thailand…
BoT Clarifies ‘Negative’ Bank Balances and Reasons for Unfreezing Delays
The Bank of Thailand (BoT) has explained the causes behind recent system errors leading to negative bank balances and delays in unfreezing accounts, urging commercial banks to assist affected customers…
BMA Commits to Repaying THB 30 Billion Green Line Debt in 30 Days
The Bangkok Metropolitan Administration (BMA) has pledged to settle its over 30 billion baht debt to BTSC for the Green Line within 30 days. The debt includes outstanding operation and…
Mini Labubu prices decline as speculative frenzy subsides
The once-premium value of Labubu collectibles is diminishing in China’s secondary markets, signaling a decline in speculative demand as collectors become more cautious about the value of Asia’s highly hyped…
SET Ends Profit-Taking Amid Political Risks
In August, the Stock Exchange of Thailand experienced mixed trading performance. Following a 14% surge in July that propelled the SET index higher, the market saw some profit-taking activity. Political…
Customer Surprised to Receive ‘Green Curry Smoothie’ Instead of Avocado Drink
Photo Credit: Thitiwat Koosakul’s Facebook account A Thai diner was left shocked after an online food order went terribly wrong when a restaurant mistakenly served him a blended green curry…
Thailand Continues Afternoon Alcohol Sales Ban
Thailand’s Department of Disease Control clarified on Friday that the three-hour daily ban on alcohol sales remains in effect, addressing recent confusion among vendors over a recent legal change. The…
Robust Currency Boosts Outlook for Surge in Thai Gold Demand
Photo credit: Reuters Thai gold demand is expected to remain strong for a fifth consecutive year, driven by a rally in the local currency that makes gold cheaper. This ongoing…