SCB EIC cuts Thailand’s 2024 GDP growth forecast from 3% to 2.7%.
The SCB Economic Intelligence Center (EIC) has adjusted Thailand’s economic growth projection for 2024 downward to 2.7% from 3% due to difficulties in the manufacturing sector, including sluggish recovery, reduced…
Thailand’s $14 billion dollar cash stimulus plan postponed to Q4 2024
Thailand is set to launch a $14 billion cash distribution program in the last quarter of this year to boost its economy. The plan involves giving 10,000 baht to 50…
Dave Calhoun to step down as CEO of Boeing
Boeing is undergoing a significant leadership transition, with CEO Dave Calhoun set to step down by the end of 2024 as part of a broader restructuring within the company. Larry…
PTT to boost the economy with a 30 billion baht investment
PTT, or PTT Public Company Limited, a prominent Thai state-owned oil and gas enterprise listed on the SET, is diversifying its investments across various sectors, such as renewable energy, petrochemicals,…
Siam Piwat moving closer to probably the biggest IPO since 2022
Siam Piwat Company, the owner of various shopping malls, is progressing towards potentially launching Thailand’s largest initial public offering (IPO) in approximately two years, as per informed sources. Based in…
Thailand to form strategic partnership with UK
The UK will be the first country in Europe that Thailand will announce a strategic partnership with, according to the Ministry of Foreign Affairs. Kanchana Phattharachoke, Ministry of Foreign Affairs…
The Baht depreciation
The Thai baht is anticipated to weaken further after dropping below 36 against the US dollar on Tuesday, as the Bank of Japan decided to raise interest rates for the…
Bitcoin to potentially exceed to $80,000 before year end
Richard Teng, the CEO of Binance, anticipates a surge in Bitcoin prices beyond the initial projection of $80,000 by the end of the year. This is attributed to the increasing…
Evergrande boss and founder accused of $78 billion fraud
Struggling Chinese property giant Evergrande and its founder, Hui Ka Yan, have been accused of inflating revenues by $78bn (£61.6bn) in the two years before the firm defaulted on its…
Rubber prices reach 7 year high
Thailand is currently experiencing a notable increase in local rubber prices, with rates climbing to 90 THB per kilogram, the highest seen in seven years. This surge in Thai rubber…