Business News form Siam News Network
Real-time payments (RTPs) enable money transfer between two different financial institutions with a guarantee of immediate funds availability to the end recipient on a 24-hour-365-day-a-year basis. This technology is driving growth of cashless transactions in unprecedented proportions. RTPs are critical…
Some developing economies from Thailand to Dubai and Brazil are facing double-digit real estate sales declines on the back of weakening domestic growth, says Bloomberg. The Thai cabinet has approved last week cutting both housing transfer and mortgage fees to…
BANGKOK, 5 May 2019(NNT) – On discussions regarding savings account interest tax deductions, the Revenue Department (RD) has reached a conclusion requiring all banks to submit savings account interest payment data to the RD, with all interest payments less than…
BANGKOK, 29 April 2019 (NNT) -The government has long placed importance on the issue of intellectual property infringement, and has worked tirelessly to put an end to it. The United States has recently praised Thailand’s ongoing protection of intellectual property…
Amid a global slowdown and elevated trade tensions, the Thai economy is projected to grow by 3.8 percent in 2019 and 3.9 in 2020, according to the World Bank’s Thailand Economic Monitor released today. Investing in human capital and pursuing…
Even though in aggregate, trade leads to economic gains, it almost always creates winners and losers. To design appropriate social protection policies, it is important to know the identities of these winners and losers. These policies need to be in…
The SCB’s Economic Intelligence Center (EIC) has reduced its growth projection for the Thai economy this year to 3.6% from a previous expectation of 3.8%. Trade war puts brakes on exports According to first executive vice-president Yunyong Thaicharoen, this is…
CHIANG RAI, Thailand (Reuters) – The Association of Southeast Asian Nations (ASEAN), the Asian Development Bank (ADB) and major financiers on Thursday launched a facility to spur more than $1 billion in green infrastructure investments across Southeast Asia. The facility…
Many young people are willing to move abroad in order to pursue personal and career opportunities. In fact, the World Economic Forum found that four out of five millennials would be willing to relocate internationally for work. This made us…
As of 10.28pm, with 92 per cent of the votes counted, the pro-junta Phalang Pracharat appeared to have beaten Shinawatra-backed Pheu Thai with a total of 28.7% of votes and 139 seats Pheu Thai came in a close second with…