Business

The State Bank of Vietnam (SBV) has officially joined the Regional Payment Connectivity (RPC) initiative, expanding the memorandum of understanding signed by central banks of Indonesia, Malaysia, Philippines, Singapore, and Thailand. The State Bank of Vietnam has joined the Regional Payment Connectivity initiative, expanding collaboration on faster, cheaper, and...

PM to attend UN General Assembly in New York: The Prime Minister has confirmed his attendance at the UN General Assembly in New York. This annual event is crucial for global leaders to address pressing issues and facilitate diplomatic discussions. Prime Minister Srettha Thavisin has announced his plans to attend...

Esso Thailand, a petroleum company, has been acquired by Bangchak Corporation after ExxonMobil sold its majority stake. As a result, all Esso petrol stations in Thailand will operate under the Bangchak brand. Key Takeaways: Bangchak Corporation has acquired a majority stake in Esso Thailand, leading to the rebranding of...

Mounting cost pressure calls for the urgent reform of the pension system. Thai society is facing the challenge of an aging population, with the percentage of those aged 60 and above projected to increase to 20.4% in 2020 and 38.3% in 2050. While there are multiple social insurance and assistance...

Thailand’s Parliament has elected Srettha Thavisin as the country’s 30th prime minister, bringing relief and optimism to the business sector. Key TakeawaysThe election of Thailand’s 30th prime minister has brought relief and optimism to the business sector, with hopes for quick action on economic issues. Thailand’s new prime minister-elect, Srettha Thavisin,...

Visits to Bangkok Remand Prison are prohibited on the day Thaksin returns; inmates will not be able to receive visitors. Bangkok Remand Prison is suspending inmate visitations tomorrow due to security concerns, as fugitive former prime minister Thaksin Shinawatra is scheduled to return to Thailand. Thaksin's supporters are expected to...

Moody’s Investors Service has downgraded PTT Global Chemical Public Company Limited’s issuer rating and other ratings due to concerns about the company’s high leverage and challenging market conditions in the petrochemical sector. Key TakeawaysMoody’s has downgraded PTT Global Chemical’s issuer rating and related notes due to the company’s high...

Bilateral trade between Thailand and Vietnam is anticipated to soar to $25 billion in the upcoming year. The Thai Chamber of Commerce aims to increase bilateral trade between Thailand and Vietnam to $25 billion next year, with the help of young entrepreneurs and start-ups. The chairman of the Thai Chamber...