BoT sees slower recovery in 2021

BoT sees slower recovery in 2021 Thailand’s economic recovery is expected to take longer than previously anticipated, mainly due to the drastic decline in foreign tourist numbers, says the Bank of Thailand. The central bank slashed its GDP growth forecast for 2021 from 5% to 3.6% as the pandemic continues to hamper international travel. The…

Thailand to focus on socio-economic recovery in the next two years

Thailand to focus on socio-economic recovery in the next two years Thai Prime Minister Prayut Chan-o-cha has underscored that the country’s economic and social development plan over the next two years should focus primarily on community-level economic development, enhancing competitiveness, upgrading human resources and infrastructure development. Bangkok (VNA) – Thai Prime Minister Prayut Chan-o-cha has underscored…

4 Thai banks to be investigated for “suspicious transfers” after FinCEN files report

4 Thai banks to be investigated for “suspicious transfers” after FinCEN files report 4 Thai banks are being investigated after an international money laundering report said the Thai banks had “suspicious financial transactions.” The report found 92 “suspicious” transactions in and out of Thailand totalling to $9,558,752 USD received in Thailand and $31,750,000 USD sent…

Thai cabinet adds 2 more 4-day long weekends

Thai cabinet adds 2 more 4-day long weekends

Thai cabinet adds 2 more 4-day long weekends A holiday-led economic recovery. That appears to be a part of the government’s agenda following yesterday’s meeting of the Thai cabinet. 2 new holiday weekends have been created, one in November, one in December, in efforts to further stimulate the economy. In both cases the extended weekends…

Nokia builds on 5G for enterprise use

Nokia builds on 5G for enterprise use

Nokia builds on 5G for enterprise use Thailand is well into its first phase of 5G development, focusing on using the technology for enterprise solutions in Bangkok and the Eastern Economic Corridor (EEC). The country will still need time before consumers adopt the technology en masse because of the high price of 5G-compatible smartphones, said…