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Why are Foreigners selling Thai stocks?

According to the Stock Exchange of Thailand (SET), Thailand's stock market has experienced significant selling pressure from foreign investors, resulting in the sell-off of nearly 100 billion baht worth of shares in the first five months of 2023. The main reasons for this foreign exodus are rising global interest rates,...

Tesla to Open First Service Center in Thailand

Tesla, the world’s leading electric vehicle manufacturer, has announced that it will open its first service center in Thailand by the end of this year. The service center will be located in Bangkok and will provide maintenance and repair services for Tesla owners and customers in the country. Tesla...

Zero-Based Budgeting Cannot Tide Over Challenge of Increasing Revenue Without Punctuation

Inadequate revenue cannot be resolved through zero-based budgeting alone. The Move Forward Party, expected to form Thailand's next government after the May 14 election, has proposed using zero-based budgeting (ZBB) to replace current practices. ZBB would likely streamline the budget process, responding to urgent needs and challenges each year through...

TAT and Visa sign MoU to boost tourists spending

Thailand's Tourism Authority (TAT) has joined forces with Visa to establish innovative data-driven marketing strategies that will encourage international Visa cardholders to spend more while traveling in Thailand. The recent signing of a Memorandum of Understanding (MoU) between the two entities emphasizes Thailand's health and wellness tourism experiences, as...

Thailand’s five-day food and beverage trade fair, THAIFEX-Anuga Asia 2023

Thai cuisine is set to conquer global taste buds with its delicious flavors and bold spices. This vibrant and colorful culinary tradition promises to take your taste buds on an unforgettable journey.Thailand's five-day food and beverage trade fair, THAIFEX-Anuga Asia 2023, is expected to earn the country THB70bn as...

Post-election selloff hits Thai bourse, triggered by political uncertainty

The decline in Thailand's financial markets after the recent election has been the most severe in 20 years, caused by uncertainty surrounding political maneuvering and anxiety over the formation of a coalition of pro-democracy parties to form a government. The Move Forward party, which achieved the most seats in the...

Retail, banking and tourism sectors expected to gain from election outcome

The new coalition government in Thailand, led by the Move Forward Party, is set to benefit the retail, banking and tourism sectors. The party emerged victorious in the May 14, 2023 General Election, putting an end to nine years of pro-military rule. Retailers such as Central Group, The Mall...

Millions of Thai workers struggling every day look to election promises for relief from hardship.

Thai workers are hopeful for relief from their daily struggles as politicians promise changes ahead of the country's upcoming election. The promises seek to address issues such as low wages, high living costs, and lack of job security. Workers in Thailand are skeptical of election campaign promises to raise salaries...