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10

Complaints delay senate election validation

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The Election Commission could not yet validate the senate election results because it ws still considering complaints, EC chairman Ittiporn Boonpracong said.

08

World Bank cuts Thai outlook to 2.4% on weaker exports

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Thailand's economy is expected to grow 2.4% this year, down from the 2.8% expansion projected in April, largely due to weaker-than-expected exports and public investment early in the year, the World Bank said on Wednesday.

07

Biden's lapses are said to be increasingly common and worrisome

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NEW YORK - In the weeks and months before United States President Joe Biden’s politically devastating performance on the debate stage in Atlanta, several current and former officials and others who encountered him behind closed doors…

06

Hyundai Motor, LG Energy Solution launch Indonesia's first EV battery plant

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JAKARTA - South Korea's Hyundai Motor Group and LG Energy Solution on Wednesday launched Indonesia's first battery cell production plant for electric vehicles (EVs) with an annual capacity of 10 Gigawatt hours (GWh) of battery cells.

05

Thai bond value gains 2.7% from year-end

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The Thai bond market had a total outstanding value of 17 trillion baht in the first half of 2024, up 2.7% from the end of last year, according to the Thai Bond Market Association (ThaiBMA).

04

Putin arrives in Kazakhstan for Russia-China dominated SCO summit

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Russia's President Vladimir Putin arrived in Kazakhstan on Wednesday for regional security and defence talks, the Kremlin said, as well as a series of bilateral meetings, including with Chinese and Turkish leaders.

03

EA eager to raise funds later this year

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Energy Absolute Plc (EA), a renewable energy and electric vehicle (EV) developer and operator, plans to raise funds in the second half of this year to grow its businesses and pay back part of the debt incurred under its past corporate…

02

Property rules could mimic Singapore

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The government should ensure Thais can afford homes and should limit the areas for extending foreign ownership of condos to specific zones, even within a single province, to avoid opposition, says a property research firm.

Tuesday, Jul 2

17

Senate election results delayed

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The Election Commission (EC) did not announce the official results of the Senate election as originally planned on Tuesday, as more time is needed to handle numerous complaints about dubious qualifications of some senators-elect, according…

14

Inbound duty-free shops to be closed

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The cabinet says duty-free shops in arrivals areas of international airports will be closed to encourage more spending by visitors in domestic stores, with projections for up to 3.5 billion baht a year of new local retail spending.

11

Consumers ‘can open parcels before paying’

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Consumers have the right to open parcels to inspect them before making cash-on-delivery payments, according to the Office of the Consumer Protection Board.

B30bn fertiliser subsidy plan raises questions

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More questions have been raised over the transparency of a planned 30-billion-baht programme aimed at helping cut rice farmers’ operating costs by co-paying their fertiliser expenses.

10

Cabinet approves additional B276bn borrowing

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The cabinet on Tuesday approved an additional 276 billion baht in borrowing for the 2024 fiscal year, to help finance the controversial household handout planned to stimulate the economy, government officials said.

Brazil shares vape-ban success story

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Brazilian tobacco experts have backed Thailand’s ban on e-cigarettes, noting that Brazil’s 14-year ban has led to a continued decrease in traditional cigarette smoking without a corresponding increase in e-cigarette usage and recommended…

China starts smartphone inspections to boost anti-espionage efforts

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BEIJING: China implemented new regulations on Monday under its toughened counterespionage law, which enables authorities to inspect smartphones, personal computers and other electronic devices, raising fears among expatriates and foreign…

09

Exports seen up 1%-2% - shippers

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Thai exports are expected to rise 1% to 2% this year, the Thai National Shippers' Council said on Tuesday, maintaining a previous forecast.

06

Ministry unlikely to extend jet fuel tax cut

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The Finance Ministry is unlikely to extend the duration of the jet fuel excise tax reduction after providing a tax break during the pandemic, according to Deputy Finance Minister Julapun Amornvivat.

05

DES Ministry banks on Korat Model

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The Digital Economy and Society (DES) Ministry has rolled out the Korat Model to turn the province into a "digital metropolis of the future", part of the government's effort to turn Thailand into a digital economy hub.

01

New state fund expected to inject B100bn into the market

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The Finance Ministry plans to complete a proposal within two weeks to establish a new fund resembling the Vayupak Fund, a previous state-controlled investment fund that focused on Thai shares with solid fundamentals.

BoI plan targets data centres, cloud

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The Board of Investment (BoI) is speeding up a plan to promote investment in data centres and cloud services in Thailand, in line with global trends and the government's policy to support digital technology.

Art toy mascot seeks to entice China market

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A tourism campaign led by art toy mascot Labubu could help Thailand attract 8 million Chinese visitors and lure art toy lovers from around the world, as emerging home-grown mascot Butter Bear is the next tourism presenter, says the Tourism…

Monday, Jul 1

00

SET index tumbles as uptick rule comes into effect

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The Stock Exchange of Thailand (SET) index fell below the psychological support level of 1,300 points on Monday on domestic political uncertainties, while market regulators imposed the uptick rule to increase their supervision of short…

Energy Absolute reassures investors after forced share sales

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Energy Absolute Plc, a renewable energy and electric vehicle (EV) developer and operator, has vowed to grow its businesses after suffering a dramatic plunge in its share price.

IEAT to develop B2.8bn estate with Hermes

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The Industrial Estate Authority of Thailand (IEAT) has joined hands with industrial estate developer Hermes Cooperation Co to co-develop a new estate to support S-curve industries with a budget of 2.8 billion baht.

Index posts 12-month high in June

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The manufacturing sector posted its highest growth in a year last month, driven by rising manufacturer confidence, according to S&P Global.

16

Auto output could hit 14-year low

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Thailand’s automotive production could plunge to a 14-year low this year, excluding the pandemic years of 2020-22, dipping to 1.65 million units, though monthly production is expected to start improving slowly in the fourth quarter, says…

15

Court urged to suspend Senate result

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A former senatorial candidate on Monday urged the Supreme Administrative Court to suspend the announcement of the Senate election result pending its ruling on the poll agency's handling of the Senate race.

Move Forward, Srettha rulings ‘by September’

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The Constitutional Court is likely to conclude two high-profile cases which will decide the fate of the main opposition Move Forward Party (MFP) and that of Prime Minister Srettha Thavisin before September, according to court president…

14

Energy Absolute says it can pay debts after stock dive

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Thailand’s largest renewable energy company, Energy Absolute Plc, assured creditors that it has sufficient cash flows to service all existing debt, after a sudden drop in its share price spooked the market.

12

Thailand, India join regional plan for instant retail cross-border payments

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MUMBAI: The central banks of Thailand, India, Malaysia, Singapore and the Philippines are working together to start an instant cross-border retail payments platform by 2026, the Bank of International Settlements (BIS) said on Monday.