BOT rues cheap imports
The Bank of Thailand has expressed concerns over the reduced competitiveness of local small businesses due to an influx of inexpensive Chinese imports. The Thai market has been flooded with…
Chinese firm takes ownership from Thai brokerage
CGS-CIMB Securities (Thailand) has been rebranded as CGS International Securities (Thailand) (CGSI) following China Galaxy Securities’ acquisition of a 100% stake in the company in December 2023. This move aims…
3 Way fight for Thailand’s food delivery market
Thailand boasts a thriving and diverse market for food delivery apps, owing to its population of over 69 million, a burgeoning middle class, and a rich food culture. This piece…
Thailand removes VAT on crypto trading
Effective from January 1, 2024, the Finance Ministry of Thailand has eliminated the 7% value-added tax (VAT) on digital asset trading, with no expiry date. This decision is aimed at…
Inflation in Thailand hits a 35 month low in Jan.
The latest data indicates that inflation has been on a downward trend for the past four months, with January 2024 showing the lowest inflation rate in 35 months. This sustained…
Thailand sees a 44% jump for inbound Chinese new year bookings
Thailand is expected to see a substantial increase in total spending for inbound bookings during this year’s Chinese New Year (CNY) in comparison to the 2023 CNY period, according to…
SEC files complaints against the former CEO of Zipmex Thailand
Zipmex Thailand faces allegations from the SEC regarding inconsistencies in customer asset reports compared to those inspected by the SEC. The regulator found that digital assets in Z Wallet were…
Diesel prices aimed to rise in 2024
Stocks of diesel and other middle distillates are below the typical levels globally, and if the industrial economies of North America and Western Europe emerge from their prolonged recession in…
The BOT (Bank of Thailand) withstands the political pressure and keeps the rate at 2.5%
The Bank of Thailand has chosen to maintain its key interest rate at 2.5%, despite pressure from the Prime Minister to decrease rates in a bid to stimulate the economy.…
The BOI reports 43% of investment surge driven by large FDI projects
The Thailand Board of Investment (BOI) has announced a significant increase in investment applications in 2023, reaching a five-year high of 848.3 billion baht (approximately USD 24 billion). This represents…