The one-stop startup portal dubbed ‘Biz Portal’ sets out to improve Thailand’s Global Competitiveness Index.
Archive | Thai Economy
Thailand’s rice production to return to historical levels
Thailand’s rice production is expected to return to historical levels in 2017-18, reaching 19.5 million tonnes, according to a report from the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS). That total is 5% higher than production in 2016-17, which was hindered by critically low reservoir levels. Planted acreage is likely to increase 3%, especially […]
More young Thai talent needed to improve financial markets
THAILAND still needs a lot of young professionals capable of helping improve the local financial markets. That is why the Stock Exchange of Thailand (SET) continues to hold its annual Young Financial Star competition to attract more talent into the field. Krisada Sektrakul, SET senior executive vice president and head of the Capital Market Education […]
Thai Baht set to weaken
Thai baht is set to weaken following foreign capital outflows from the stock and bond markets. The Thai baht today is traded at Bt35.13 per US dollar, gaining nearly 2 per cent since the beginning of this year. Maybank Kim Eng Securities (Thailand) expects a reversal of the trend this month due to tightening by […]
Worldbank East Asia and Pacific GDP Growth Projections
Growth of the Thai economy in the first and second quarters was significantly higher than in 2014, but remained far below the average regional rates, as weak exports and subdued investment in Thailand continued to dampen the economy.
Chain aims for 500 outlets by 2016
The Pizza Company, operator of a restaurant chain under the management of the Minor Food Group, plans to continue investing heavily in branch expansion and development of products and services to achieve its goal of Bt8 billion in sales revenue in the next five years. “We see huge opportunity in Thailand for the restaurant business, […]
French reinsurer CCR not accepting more Thai business
CCR Group, a leading French reinsurer, has circulated a letter informing its partners in New Zealand, Australia and Thailand to stop writing business with the company in order to ensure its long-term profitability for the benefit of shareholders. The letter, sent on Monday by the head office in Paris, said the group had conducted a […]
SCG chief sees only short-term Impact on economy from floods
Siam Cement Group (SCG), the country’s largest industrial conglomerate, foresees disruption from the severe flooding to affect the Thai economy in the short term, however it expects the recovery to be faster than some analysts have predicted. “I read some analysis, which said that |the Thai economy will recover in the final |quarter of next […]
Oishi ready to restart, expand
Oishi Group Plc, the country’s biggest green tea maker and Japanese restaurant chain, plans to spend 400 million baht to add 30 new outlets next year. Of the total, 15 will be Shabushi outlets with the rest Oishi Ramen, Oishi Japanese Buffet Restaurant or Nikuya. Paisarn Aowsathaporn, Oishi’s executive vice-president for food, said the expansion […]
SENA goes golfing
Listed property developer Sena Development (SENA) plans to launch a residential project in Pattaya next year, according to the Bangkok Post. The company will ask shareholders on December 27 to approve purchase of a 100 rai piece of land in Pattaya Country Club with an appraised value of almost THB2 billion (US$64.9 million). The decision […]
