Initiative to Establish a Financial Hub Underway
Deputy Finance Minister Paopoom Rojanasakul revealed that Finance Minister Pichai Chunhavajira has signed an order to form this committee, with Mr. Paopoom serving as its chairman. The committee’s inaugural meeting…
Cabinet to Consider Establishing a Credit Guarantee Agency
The proposal to create the National Credit Guarantee Agency (NaCGA), a new entity intended to provide credit guarantees for businesses and individuals, is anticipated to be presented to the cabinet…
Gulf Reports Q2 Profit of B4.78 Billion on B32.6 Billion in Revenue
Gulf Energy Development reported total revenue of 32.6 billion baht for the second quarter of this year, achieving a core profit of 4.78 billion baht, largely fueled by strong performance…
Analysts Anticipate Policy Rate to Remain Steady at 2.5%
The Bank of Thailand is expected to maintain the policy rate at 2.5% in its upcoming meeting later this month, as inflation slowly returns to the target range. Economists are…
Thai Union Group Reports 14.2% Increase in Q2 Profits
Thai Union Group Plc reported a net profit of 1.2 billion baht for the second quarter of this year, reflecting a 14.2% increase compared to the same period last year.…
Bank of Thailand Encourages Banks to Support Sustainable Transition for SMEs
The Bank of Thailand (BoT) is urging financial institutions to assist small and medium-sized enterprises (SMEs) in their transition to sustainable business practices. During a seminar hosted by the central…
Proposal for New Tariffs on Chinese Imports
Photo credit: Nutthawat Wichieanbut The surge of Chinese industrial products entering Southeast Asia is negatively impacting Thailand’s trade, resulting in a diminished market share in the region and a trade…
Bangkok Bank Explores Virtual Banking Opportunities
Bangkok Bank (BBL) is exploring opportunities in virtual banking as it adapts to digital banking services in response to evolving customer preferences. BBL President Chartsiri Sophonpanich stated that the bank…
Longroot Loses License to Operate Digital Token Platform.
The Securities and Exchange Commission (SEC) has decided to revoke Longroot (Thailand)’s license to operate as a digital token offering (ICO) portal service provider, effective Monday. This action is due…
Consumer Confidence Reaches Lowest Level in 11 Months
Thai consumer confidence fell for the fifth consecutive month in July, reaching its lowest point since August of the previous year. This decline is attributed to concerns over a sluggish…