News

Foreign investors are parking money in Thai assets in the short run because they see the baht as a safe haven backed by solid foreign reserves amid global market fluctuation, the central bank chief says. But the Bank of Thailand has instruments up its sleeve ...

Authorities have until Monday to withdraw the environmental and health impact assessment studies for the controversial Krabi power plant project or brace for a major protest, a group opposing the project warns. Prasitthichai Nunual, key coordinator of Save the Andaman from Coal network, said the ...

Thais earning more money is one of the key factors resulting in Bangkok being rated among the world’s worst cities for traffic, says Deputy Prime Minister Prawit Wongsuwon. He said people who are more wealthy can afford to buy more cars. Gen Prawit, who chairs ...

The Bank of Thailand is investing in big data and data analytics in an effort to deal with complicated transactions arising from consumers’ micro-financial activities in the digital age. In the digital age, technology has rapidly changed and it is affecting how businesses are run, posing ...

Thailand is ending its sugar subsidy programme after complaints that it dragged down global sugar prices. But both rural farmers and the ruling junta could suffer from the decision. The Thai government has announced that it will end its programme subsidising its sugar industry nearly a ...

Hitachi Ltd and Hitachi Building Systems Company on February 22 announced the official launch of the Asia Training Centre in Chon Buri province for engineers involved in the elevator and escalator business. The training centre, which is Hitachi’s first outside Japan, started soft operations last month, ...

Leading energy conglomerate PTT plans to restructure its petrochemical operations in moves that would also see the sale of its propane and bioplastic business chains to subsidiary PTT Global Chemical, chief executive Tevin Vongvanich said. The proposal would be put to shareholder meetings in April, ...

Thailand’s two major petrochemical companies have reported a surge in combined net profit for last year of 54.2 per cent from the prior year to Bt41.79 billion. Indorama Ventures posted net profit of Bt16.19 billion, a jump of 145 per cent year on year, while ...

The Treasury Department has set lenient conditions for the coming bidding to develop state lands in Mukdahan and Nong Khai provinces into special economic zones to draw bidders. The relaxed conditions include land development experience in wider fields, an extension of development proposal submissions, change ...

TOT’S search for a strategic partner to launch fourth-generation cellular services on its 2.3-gigahertz band hit a snag on February 21 when the telecom committee of the National Broadcasting and Telecommunications Commission rejected its revised business plan. Pravit Leesatapornwongsa, a member of the NBTC, said the ...