Tag: Business
Challenges facing Cambodia’s ambitious canal megaproject
In August 2024, a groundbreaking ceremony was held in Cambodia to kick off the construction of the $1.7 billion Funan Techo Canal. This ambitious project aims to link the Mekong River to the Gulf...
Reduced FIDF Fee: Thai Banks’ Payment Update
Thai banks have agreed to pay a reduced annual contribution of 0.23% of deposits to the Financial Institutions Development Fund (FIDF) for the next three years, according to Deputy Minister of Finance Paopoom Rojanasakul....
Boost in Italy-Thailand Flights Amid Tourism Surge
ITA Airways recently announced the launch of its new flight route from Rome to Bangkok, which will run five days a week during the winter season. The airline is using A330neo aircraft for this...
Planning a Crackdown on Low-Cost Imported Goods: What You Need to Know
The Thai Pesticides Alert Network and the Foundation for Consumers recently reported that green Shine Muscat grapes imported from China were discovered to be contaminated with harmful chemicals. This revelation sparked concerns regarding the...
Bitcoin price recovery after post-election dip: What caused the rebound?
Bitcoin's price has rebounded after experiencing a dip following the US election. The digital asset fell nearly 3% over the weekend but has since climbed back up to $92,000. Analysts attribute this volatility to...
Q3 GDP Growth Surpasses Forecasts, Rises 3.0% Year-Over-Year
The Thai economy has shown strong growth in the third quarter, surpassing expectations and indicating positive momentum for the country. Official data revealed that the economy expanded by 3.0% compared to the same period...
Toyota to Begin Testing Hydrogen-Electric Van
Toyota Motor Corporation has recently announced its plans to conduct public road tests of a commercial van in Australia starting next spring. This new van will be powered by a combination of a hydrogen...
Elon Musk Sues Microsoft in OpenAI Dispute
Elon Musk has recently taken legal action against OpenAI, a company he co-founded, by amending a lawsuit to include new antitrust claims against the organization. The lawsuit, filed in federal court in Northern California,...
Baht Reaches 3-Month Low, Boosting Exports
The baht has reached a three-month low against the dollar, but Deputy Finance Minister Paopoom Rojanasakul believes this is beneficial for exports. He mentioned that the baht's depreciation is advantageous for trade and is...