Gulf Pursues Power Plant Development in the U.S.
Gulf Energy Development, Thailand’s largest power company by market capitalization, is planning to acquire a new gas-fired power plant in the U.S. with a generation capacity of 1,000 megawatts, marking…
Big C opening more stores in 2025
Big C is set to expand its operations by opening new hypermarkets and convenience stores despite facing a tough economic environment. Aswin Techajareonvikul, the CEO and president of Big C…
Finace ministry is keen to see rate cuts this year
Thailand’s finance ministry is advocating for a reduction in interest rates this year to better align with economic fundamentals and plans to consult with the central bank regarding monetary policy…
Market Summary for January 31, 2025: Thailand’s SET Index Declines by 1.58% to 1,314.50
Thailand’s SET Index experienced a decline of 1.58%, closing at 1,314.50 points, primarily driven by sell-offs in large-cap stocks and profit-taking in the banking sector. Trading volume reached 53.36 billion…
Phuket Considered for Cryptocurrency Sandbox
In a welcomed move for cryptocurrency advocates, former Prime Minister Thaksin Shinawatra recently proposed utilizing Phuket province as a Bitcoin sandbox aimed at boosting tourism by encouraging digital currency spending…
Bank of Thailand Cracks Down on Mule Accounts
The Bank of Thailand is tightening regulations on financial transactions to combat mule accounts and plans to implement stricter measures for digital assets and e-wallets in the upcoming phase. Roong…
Pichai Endorses Decree for Rapid SEC Penalties
Finance Minister Pichai Chunhavajira has pledged to advocate for an emergency decree that would enhance the Securities and Exchange Commission’s (SEC) authority to penalize offenders swiftly. During his keynote address…
Thai Data Protection Agency Identifies 11 Apps as Suspicious
The Personal Data Protection Committee (PDPC) has sent a list of 11 suspicious mobile applications found on the Google Play Store to the Bank of Thailand for investigation into their…
TikTok Plans to Invest $3.8 Billion in Data Center in Thailand
TikTok plans to invest 127 billion baht ($3.8 billion) in Thailand to establish a data hosting service, as announced by the Board of Investment (BoI) on Wednesday. The new data…
Gold Prices May Reach New High Soon
Gold prices are likely to hit a new record high soon, driven by a weakening US dollar and increased gold purchases by China for its reserves, according to Bualuang Securities…