ThaiBev Allocates B18 Billion for Expansion Plans
Thai Beverage (ThaiBev), a food and beverage company listed in Singapore, has announced plans to allocate 18 billion baht this year for both domestic and international expansion. Chief Executive Thapana…
Minister Criticizes Central Bank’s Baht Management as Inadequate
The Deputy Finance Minister Paopoom Rojanasakul stated on Tuesday that the Bank of Thailand is not sufficiently managing the fluctuations of the baht, attributing the issue to interest rates that…
Bus Fire Claims Lives of 22 Students and 3 Teachers
A tragic fire on a bus in Pathum Thani on Tuesday claimed the lives of 22 students and three teachers who were on a field trip. Nineteen passengers managed to…
Only 4 Out of 26,000 Companies Identified Using Thai Nominees
Only four of the over 26,000 businesses in Thailand that were inspected by the Business Development Department were found to be illegally operating through nominee arrangements, while an additional 64…
Central Bank Steps in to Influence Baht Exchange Rate
The Bank of Thailand has confirmed its intervention in the baht’s value, using it as a strategy to manage the currency’s strength against the US dollar. On Monday, Chayawadee Chai-anant,…
BYD Issues Recall for 97,000 Popular EVs Due to Steering Component Issue, According to Regulator
BYD has notified the Chinese regulator of a recall involving nearly 97,000 electric vehicles (EVs) due to a manufacturing defect related to a steering control unit, which poses a potential…
Residential Sales in EEC Regions Decline Amid Factory Closures
New sales of residential units in the Eastern Economic Corridor (EEC) provinces, particularly in regions close to industrial estates, continued to experience a decline in the second quarter of 2024…
Indian Action Increases Pressure on Thai Rice Prices
India is set to resume exports of non-basmati white rice as inventories surge in the world’s largest grain exporter and farmers get ready to harvest a new crop. According to…
Revisions Required for Foreign Land Lease Agreements
The proposal to permit foreigners to lease land in Thailand for up to 99 years, with the land transitioning from private ownership to state property, may necessitate revisions to the…
Analysts anticipate that Thai stocks will benefit from China’s stimulus measures.
China’s economic stimulus is expected to indirectly benefit several Thai industries and foster positive sentiment in the capital and money markets, potentially lifting the Thai stock index to 1,500 points,…