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…
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…
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…
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…
SEC Aims to Strengthen Oversight of Audit Firms
The Securities and Exchange Commission (SEC) is advancing toward broader regulatory and enforcement authority over audit firms, representing a significant move to enhance market oversight and safeguard investors. Currently, the…
Ministry Projects GDP Growth to Surpass 2.2%
Thailand’s economy is projected to grow this year beyond the earlier estimate of 2.2%, buoyed by the positive effects of the US reciprocal tariff, which has given the country a…
Vietjet Thailand Optimistic About Growth Opportunities
Vietjet Thailand, with the largest fleet expansion among low-cost carriers in Thailand, is poised to challenge competitors by launching new routes to popular destinations. The airline aims to attract 6.7…
Line Man Wongnai Acquires JERA Cloud to Enter the Wellness Industry
Photo Credit: Line Man Line Man Wongnai announced on Thursday the acquisition of JERA Cloud, a leading Thai startup specializing in cloud and point-of-sale (POS) solutions for beauty and wellness…