Thailand may lift ban on foreign investors for some innovation sectors Thailand’s Commerce Ministry is considering whether to remove certain innovation-related businesses from the list of those open only to Thai citizens. The idea is being floated as a way of increasing foreign investment in Thailand, making the country a more attractive option for overseas…
Retail in the age of social media E-commerce is becoming easier and faster, making it increasingly popular. Recently, Instagram introduced a shopping feature that allows users to purchase products within the app. Social media is transforming retail and expanding the e-commerce world. It goes without saying that the presence of social media in any retail…
One million people register on first day of Chim-Shop-Chai program 10 million persons will be able to register themselves to receive a 1,000 baht allowance each in the government’s electronic money mobile application A total of a million people have registered to join the government’s Chim-Shop-Chai (Taste-Shop-Spend) program, under which each of them will receive…
Asia’s Economic Outlook Dims as Trade and Investment Weaken The slowdown in global trade coupled with a sharp downswing in the electronics cycle has pulled down forecasts for the PRC and the more open economies in East and Southeast Asia. Economic growth in developing Asia remains robust but prospects have further dimmed and risks to…
Asian Development Bank drops growth forecast for Thailand “The bank forecasts a slightly higher growth rate at 3.2% next year, due largely to infrastructure investment in the Eastern Economic Corridor.” The Asian Development Bank is lowering its growth forecast for Thailand’s economy from 3.9% to 3% but is optimistic that conditions will improve next year.…
Thai duty free giant King Power considers move into UK hotel industry PHOTO: www.chillpainai.com The CEO of King Power, Aiyawatt Srivaddhanaprabha, says the group is considering a move into the hospitality sector in the UK. Speaking to the press yesterday, Aiyawatt says the idea comes at a time when property prices in the UK and…
Thailand’s rice exports hampered by strong baht Thai rice exports are likely to stay below targets as the strong baht weakens competitiveness in the world market (Photo: Bangkok Post) Bangkok (VNA) – Thai rice exports are likely to stay below targets as the strong baht weakens competitiveness in the world market. Honorary president of the…
How the spectrum price affects 5G development in Thailand? A reasonable spectrum price is, therefore, a key concern for NBTC as it needs to balance between government benefits from the spectrum license fee and affordable price for mobile operators. For mobile operators, the spectrum price is the factor affecting their network investment in an early…
Thailand pushes to finish RCEP talks by November The RCEP initiative was launched in November 2012 with the aim of boosting economic cooperation between 10 ASEAN countries and six dialogue partners, namely China, Japan, the Republic of Korea, Australia, India and New Zealand. With US President Donald Trump withdrawing his country from the Trans-Pacific…
US Fed poised to cut rates this week “Hiring, while strong, has slowed. Business investment is moribund. Exports are weakening. And manufacturing – always a vital economic weather vane – is in recession.” by Douglas Gillison Facing a dauntingly uncertain economic horizon and constant criticism, including insults and demands for stimulus from the US president, the…