The Mice (meetings, incentives, conventions and exhibitions) segment has started to see busy schedules from international events in the second half as full reopening creates momentum for a gradual recovery. Source: Business
Read More »Biden signs major semiconductors investment bill to compete against China
WASHINGTON: President Joe Biden signed into law Tuesday a multibillion dollar bill boosting domestic semiconductor and other high-tech manufacturing sectors that US leaders fear risk being dominated by rival China. Source: Business
Read More »Court dismisses BTSC's petition on Orange Line
The Central Administrative Court has dismissed a petition filed by Bangkok Mass Transit System Plc (BTSC) seeking an injunction to suspend the current round of bidding for the right to jointly invest in Orange Line’s western extension project. Source: Business
Read More »EconThai calls for wage hike to be based on inflation rate
The Employers’ Confederation of Thai Trade and Industry (EconThai) is urging the government to base the daily minimum wage calculation on inflation, not politically-motivated factors, as the Labour Ministry plans to enforce the new wage hike in October, which is sooner than originally anticipated. Source: Business
Read More »Mother's Day to see 9% rise in spending
Spending on Mother’s Day is expected to increase by 9% this year to 10.8 billion baht, the highest level since 2012, as consumers feel less concerned about the Omicron variant of Covid-19, reflecting the start of the country’s tepid economic recovery, according to the University of the Thai Chamber of …
Read More »Thai growth downgraded by Citibank
Citibank has downgraded its 2022 forecast for Thai economic growth to 3.5%, from 3.6%, with next year’s GDP predicted to expand by 4.5%, a fall from 4.8%. Source: Business
Read More »Banks vow to keep rates steady for the time being
Local major banks plan to hold their interest rates steady if the Bank of Thailand raises the policy rate on Wednesday, as they want to mitigate its impact on borrowers amid a gradual economic recovery. Source: Business
Read More »S&P bakeries install robots as costs soar
SET-listed S&P Syndicate Plc, the operator of the S&P bakery and restaurant chain, is to adapt its business operation to cope with high operational costs, with the launch of various tools such as work automation in the second half of this year. Source: Business
Read More »MPC expected to raise interest rate Wednesday
The Monetary Policy Committee (MPC) is expected to raise the policy interest rate for the first time in two years by 0.25% on Wednesday to 0.75%, as inflation soared above 7% in the last two months, bringing an end to a low-interest era, analysts say. Source: Business
Read More »Singapore regulator reiterates crypto dangers amid Hodlnaut woes
Cryptocurrency investment is “highly hazardous” but meltdowns in the sector have not created financial-stability risks for Singapore, regulators in the city-state said after another digital-asset firm ran into trouble. Source: Business
Read More »