Thailand-based Flash Group, which provides e-commerce logistics services, including delivery service Flash Express, has become the first Thai unicorn startup after recently raising US$150 million (4.6 billion baht) in Series D+ and E funding — just three years into operations, according to the company’s owner. Source: Business
Read More »Monthly Archives: May 2021
Naomi Osaka withdraws from French Open after choosing to avoid media
Tennis star Naomi Osaka said Monday she is withdrawing from the French Open after refusing to speak to the media at the grand slam. Source: Sports
Read More »State pins hopes on fresh measures
The government has pinned its hopes on fresh measures to help alleviate hardships of people affected by the Covid-19 pandemic and to boost domestic consumption worth a combined total of 140 billion baht. The measures are scheduled to go before the cabinet today. Source: Business
Read More »BoT sees recovery delayed to 2023
The Bank of Thailand (BoT) predicts that economic recovery will be delayed to the first quarter of 2023, mainly due to the third wave of infections, while vaccination is a key factor to reviving the Thai economy. Source: Business
Read More »SEC seeks to regulate decentralised finance
Activities related to decentralised finance (DeFi) projects which involve digital coin issuance may require a licence from the regulator in the near future, the Securities and Exchange Commission (SEC) announced. Source: Business
Read More »Maybank chief set to step down after 30-year tenure
The chief executive of SET-listed Maybank Kim Eng (Thailand) Plc (MBKET), Montree Sornpaisarn, is stepping down next month, indicating early retirement. Source: Business
Read More »Mall Group, banks to offer soft loan packages for SMEs
The Mall Group, the operator of The Mall, The Emporium, EmQuartier and Siam Paragon, has collaborated with six leading financial institutions and the Bank of Thailand (BoT) to design special soft loan packages for its partners, including small and medium enterprises (SMEs) to restore their business capacity and extend their …
Read More »Farmer debt surges amid pandemic
Farmer debt has increased amid the pandemic as many are struggling to pay back loans, with older farmers shouldering higher debts, says the National Credit Bureau (NCB). Source: Business
Read More »Ex-judges, law firm file complaints in bribery scandal
Two former senior judges have filed complaints with crime police against a website that published reports accusing them of being involved in the Toyota bribery case. Source: Business
Read More »What you need to know about traveling to Europe this summer
In non-pandemic summers, both continental Europe and the United Kingdom draw crowds of tourists from around the world. Last summer, they couldn’t get there. This summer many should be able to, though the tangle of entry requirements will vary by country and could change quickly. Source: Travel
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