China has committed to spending nearly $12 billion in loans and grants in Laos, Myanmar, Thailand, Cambodia and Vietnam.
BANGKOK – Thailand is spearheading a new Southeast Asian fund for infrastructure and development projects, Thai Prime Minister Prayuth Chan-ocha told a summit in Bangkok on Saturday, a bid to counter reliance on Asian giants, such as China. The fund, which Thailand will jointly manage with four countries of the region – Cambodia, Laos, […]
The director of Ecological Alert and Recovery Thailand said the country's recent waste management trends run counter to correct waste management methods.
BANGKOK – Thailand could become the garbage bin of the world, an expert on waste management and environmental protection has warned, as the government’s policies to promote the waste-to-energy industry have already resulted in plastic waste imports to the country. Ecological Alert and Recovery Thailand director Penchom Saetang said the country’s recent waste management […]
Thailand is becoming an oasis of monetary policy stability as other emerging markets scramble to raise interest rates.
BANGKOK – Thailand is becoming an oasis of monetary policy stability as other emerging markets scramble to raise interest rates. The country’s Finance Ministry anticipates that borrowing costs will be left at 1.5 percent this year, said Kulaya Tantitemit, a spokeswoman and an inspector general at the ministry. While an increase is possible in […]
Southeast Asia's startups are hindered by skills gaps, particularly when it comes to hard tech skills and business leadership.
BANGKOK – The Southeast Asian startup scene is strong and getting stronger. Across the region, companies are emerging in fintech, edtech, insurtech, blockchain and many other areas. In 2017, Southeast Asian startups received $7.86 billion in investor funding, which is triple the investments seen the year before, according to Tech in Asia. The region also […]
Foreigners who seek work as civil engineers under such conditions should also sit tests and obtain licences.
BANGKOK – Thailand’s Council of Engineers is urging the Labour Ministry to keep civil engineering as one of the occupations reserved for Thai nationals, saying foreigners should only be granted permission to work when absolutely necessary. Amorn Pimanmas, the council’s secretary-general, said the body disagrees with the proposed delisting of civil engineering from the […]
The fund of about 30 billion baht will absorb 50% of any increase in retail prices, Energy Minister Siri Jirapongphan said.
BANGKOK – Thailand’s Energy Ministry has reported that it will use a state oil fund to support domestic retail fuel prices to help consumers cope with rising global oil prices, the energy minister said on Tuesday. The fund of about 30 billion baht ($936.9 million) will absorb 50 percent of any increase in retail […]
Thailand's Security Exchange Commission (SEC) will be in charge of overseeing and regulating all crypto-currency transactions and verifying the identity of clients.
BANGKOK – Thailand’s Thailand’s Security Exchange Commission (SEC) and the Finance Ministry have put a new law in place on Monday (May 14) to control and regulate crypto-currency transactions and Initial Coins Offerings (ICOs). It comes with hefty fines and jail terms to crack down on fraud and unauthorized transactions. The country enacted a […]
Production of sugar cane will be reallocated to local ethanol makers as bio-fuel demand rises.
BANGKOK – Thailand, the world’s second biggest sugar exporter after Brazil, has decided to cut its exports of raw sugar by at least 500,000 tons this year, as a swelling global surplus and falling prices make it less worthwhile to export it. The 500,000 tons is to be sold to local ethanol producers, as demand for the […]
Siam Commercial Bank’s mobile banking app, SCB Easy, has roughly 6.5 million users. It hopes to have 10 million by the end of this year.
BANGKOK — Siam Commercial Bank sent shockwaves through Thailand’s banking industry in March when it said it would scrap nearly all fees for money transfers and bill payments conducted on its mobile banking app. Less than two hours after the announcement, Krung Thai Bank, another major Thai lender, sent out a hastily prepared press […]
The property market in Bangkok has remained vigorous in the first quarter of this year.
BANGKOK – Japanese real estate firms are flocking to the Thai property market, joining forces with local partners to cash in on growing demand for homes. Tokyo Tatemono Co., a major developer in the Tokyo metropolitan area, is the latest entrant into Southeast Asia’s second-largest economy, even as the condominium supply in Bangkok is […]