Temu Parent Company Dismisses Dozens Following Dispute with Chinese Regulators
PDD Holdings Inc., the parent company of the popular e-commerce platform Temu, has dismissed a number of employees from its Shanghai government relations team following a physical altercation with Chinese…
Bank of Thailand Reduces Interest Rates to Stimulate Struggling Economy
The Bank of Thailand announced a rate cut on Wednesday, aligning with widespread expectations, to bolster an economy facing multiple challenges, including political instability, a strengthening baht, and US trade…
Hotels Urge Ending Thai-Cambodian Border Dispute Amid Rising Room Cancellations
Photo Credit: Fine arts department The alleged infiltration of Russian mercenaries is unlikely to impact tourism and daily life in Nakhon Ratchasima; however, authorities are being urged to resolve the…
Thai Baht Reaches 4-Year High Ahead of Upcoming Rate Decision
Photo Credit: Bloomberg The Thai baht has reached its highest level against the US dollar in over four years, increasing pressure on the Bank of Thailand to manage the rally…
SET Sustains Downward Trend Heading into Year-End
Thailand’s Stock Market underperformed in November, falling nearly 6% to close at 1,256.69 points, amid global and local concerns. Key factors included the US government shutdown, disappointing Q3 GDP growth…
Thailand’s Debt Crisis Worsens: Non-Performing Loans Extend to Major Companies Amid Continued Credit Tightening for Third Consecutive Year
Photo Credit: IStock Photo Thailand’s financial sector faces rising risks as Non-Performing Loans (NPLs) spread from SMEs to large firms, pushing the NPL ratio close to 3%. The overall credit…
Thailand-Cambodia Conflict Disrupts $5B Trade and Gas Reserves
The ongoing conflict between Thailand and Cambodia has severely impacted border trade, especially at the Klong Luek–Poipet crossing, disrupting approximately $4.7 billion (174.5 billion Baht) worth of annual commerce. Additionally,…
Gold Gains Before Fed Rate Cut Announcement, Silver Reaches $60/oz Milestone
Gold prices increased by 0.6%, reaching $4,211.77 per ounce as of 3:21 pm ET (2021 GMT), with US gold futures for February rising 0.4% to close at $4,236.20. Silver outperformed…
Government Seeks Revenue Amid Growing Debt
Photo Credit: Stock Photo The rising interest expenses have progressively depleted the treasury reserves over the past four years, prompting the government to urgently seek ways to boost revenue before…
Thai Inflation Reports Eighth Consecutive Decline in November
Photo credit: Stock Photo Thailand’s annual headline inflation remained negative for the eighth consecutive month in November, according to data released on Wednesday. The decline was attributed to falling energy…