Business

The Bank of Thailand has raised its key interest rate to a nine-year high of 2.25% due to concerns about rising prices. Key Takeaways The Bank of Thailand raised its key interest rate to 2.25%, citing concerns about upside risks to prices and the need to ensure inflation stays low...

Increasing income through policy measures is crucial in addressing the burden of high household debt. By implementing effective policies, such as promoting job growth and raising wages, individuals can better manage their debts and achieve financial stability. Economic experts in Thailand are criticizing the income increase policies of the outgoing...

Thailand’s exports have experienced a continuous decline for nine months in a row, but there is hope for a recovery in the second half of the year. The decline in exports is primarily attributed to the slow economic recovery in major trade partners such as China and the US....

Thailand is actively pursuing an ambitious free trade agreement (FTA) strategy to expand its trade and investment opportunities with various partners worldwide. The country has already signed 13 FTAs with 18 economies, including China, Japan, India, Australia, and the European Free Trade Association (EFTA). Thailand is currently negotiating several more...

A Thai company gains a competitive edge by utilizing language-learning techniques. Language barriers and cultural differences pose challenges to globalized trade, despite the perception of an interconnected world. Stuart Jay Raj, Managing Director of NFQ's Thailand operations, has spent years perfecting language learning processes to address these obstacles. Growing up...

Asian markets continued to rise for a fifth consecutive day as US inflation cooled, leading to speculation that the Federal Reserve might pause interest rate increases. Despite ongoing political uncertainty, Thai shares also rallied. The SET Index fluctuated between 1,482.21 and 1,519.08 points this week, ultimately finishing at 1,517.92 points...

A Singaporean bank is planning to close the accounts of a Myanmar airline, following the military coup and subsequent crackdown on protesters. The move aims to impose financial pressure on the military junta and contribute to international efforts to restore democracy in Myanmar. Singapore-based bank United Overseas Bank (UOB) is...

Investment promotion applications in Thailand increased by 70% in the first half of 2023, reaching a value of 364.4 billion baht ($10.3 billion). Foreign direct investments (FDI) saw a significant increase of 141%, with global companies favoring Thailand as a manufacturing base in industries such as electronics, food...