Category: Business

Thailand Must Adapt to Service Sector to Survive Economic Crisis

Bangkok: Many parties have come together under the “Thailand Must Survive, Save Thailand” campaign, urging people to navigate through the ongoing crisis. According to Thai News Agency, ThaiPublica, an online news agency, organized a seminar titled “Thailand Must Survive: Save Thailand Restore. Reframe. Rise” at Grand Center Point Lumpini. During

‘Quick Big Win’ Initiative Targets Economic Revival and Debt Reduction in Thailand

Bangkok: Deputy Prime Minister and Finance Minister Ekniti is advancing the “Quick Big Win” initiative, a comprehensive five-point plan designed to address debt issues, eliminate investment bottlenecks, and stimulate economic growth in Thailand. The initiative aims to prevent the country’s economy from declining further, with a goal of exceeding 0.3%

SME Bank Unlocks Loan Guarantees for Non-Bank Leasing and Nano-Finance Companies

Bangkok: The SME Bank has introduced a new initiative to support leasing and nano-finance groups by lifting the stipulation of loan guarantees for non-bank companies. In collaboration with the Thai Leasing Business Association, the bank is set to aid SMEs in acquiring pickup trucks for business purposes through the “Phi

Gold Prices Surge in Thailand as Baht Weakens

Bangkok: Gold prices are soaring in Thailand as the cost of gold bars has reached a new high. This morning, Thai gold prices escalated, with gold bars priced at 60,100 baht per baht weight, meaning that 100,000 baht can now purchase less than 2 baht of gold. According to Thai

Bank of Thailand Embarks on Digital Payment Transformation to Boost Domestic Economy

Bangkok: The Bank of Thailand (BOT) is focused on upgrading technology and developing Thai payments, encouraging foreign tourists to exchange cryptocurrencies and spend baht domestically. Thais are proficient online, with 95 million PromptPay transfers per day. According to Thai News Agency, Ms. Darunee Saeju, Assistant Governor of the Bank of

Woraphat Accelerates Efforts to Resolve 13.55 Trillion Baht in Non-Performing Loans

Bangkok: Woraphat is making swift moves to tackle the significant challenge of over 13.55 trillion baht in non-performing loans (NPLs), with half of these loans being unsecured. The strategy involves negotiating with banks to transfer the debt to asset management companies (AMCs). This week, discussions are scheduled with the Ministry

Thailand’s NESDB President Advocates for Establishment of Sovereign Wealth Fund

Bangkok: The National Economic and Social Development Board (NESDB) president has confirmed that Thailand possesses a robust reserve fund. The NESDB chairman has also suggested the creation of a 3 trillion baht “Sovereign Wealth Fund” to boost returns and raise funds. According to Thai News Agency, Dr. Suphawit Saicheua, Chairman

Thai Oil Group Honored with Prestigious T-VER and LESS Friendship Awards

Bangkok: Recently, Mr. Bhubing Thaweesap, Manager of Corporate Sustainability, and Ms. Kitiya Phakdeekratanamit, Manager of Greenhouse Gas Management, represented Thai Oil Public Company Limited in receiving the T-VER Awards 2025. They were recognized in the category of Best Carbon Credit Project for Energy and Heat Production Efficiency Improvement, acknowledging TOP

Phiphat Urges Ministry of Transport to Prepare for Typhoon Bualoi

Bangkok: Pipat urged the Ministry of Transport to prepare for Typhoon Bualoi, monitoring at-risk areas in six northeastern provinces and expediting preparations across all dimensions, both on land and water. He emphasized flood prevention and assistance, and posted warning signs and provided 24-hour public relations support. According to Thai News