Business

Poor market sentiment sinks SCB’s multi-billion-baht deal for Bitkub

Siam Commercial Bank (now named SCB X), Thailand’s oldest commercial bank, created a flutter in the markets in November last year when it announced a multibillion deal to buy a majority stake in Bitkub Online Co, Thailand’s largest digital asset exchan…

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Are consumers paying price for electricity mismanagement in Thailand?

Over the next four months, electricity in Thailand will soar from 4 baht per unit to a record high of 4.72 baht. Authorities blame the hike on rising global fuel prices, but critics argue that the government has a duty to cap utility bills, especially …

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Thailand’s Unemployment Rate Fell In Q2

BANGKOK, Thailand’s unemployment rate dropped to 1.37 percent in the second quarter of 2022, from 1.53 percent in the previous quarter, official data showed yesterday.The rate was the lowest since the COVID-19 pandemic started, fuelled by the continuin…

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ILO Brief: Riding out the storm: Organizational resilience of trade unions and civil society organizations following the military takeover in Myanmar

Myanmar trade unions and civil society organizations face existential threat following military takeoverTargeted persecution severely limits ability to operate; more flexible and responsive support from international community needed to avoid collapse …

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Union Minister of India Sarbananda Sonowal visits Chabahar port in Iran, reviews development

nion Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Saturday visited Shahid Beheshti terminal at Chabahar port in Iran to review the progress in the development of the port, Trend reports citing Zee5.In an effort to invigorate the pot…

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Azerbaijan, Russia negotiating on use of MIR payment system

BAKU, Azerbaijan, Russia is negotiating with Azerbaijan on the use of its MIR payment system, Russian Deputy Foreign Minister Alexander Pankin told reporters, Trend reports via the Russian media.”Russia is negotiating the use of its MIR payment card wi…

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India’s oil meal exports up 19 pc at 2.27 lakh tonnes in July

The country’s oil meal exports increased 19 per cent to 2,27,247 tonnes in July this year due to rise in shipments of rapeseed meals, according to Solvent Extractors’ Association (SEA) of India. Oil meal exports during July 2021 stood at 1,91,663 tonne…

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Households, businesses to pay more for electricity from September as FT rate raised

Thailand’s Energy Regulatory Commission (ERC) has decided to raise the FT (fuel tariff) for electricity for September through December by 68.66 satang per unit, which will bring the average rate for electricity to 4.72 baht per unit, to help ease the f…

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Thailand did not import contaminated Häagen-Dazs ice cream products – FDA

BANGKOK, Thailand has not imported Häagen-Dazs ice cream products which were reported to have high levels of carcinogenic element Ethylene Oxide (ETO), its Food and Drug Administration (FDA) said.In a statement, Deputy secretary-general of Food and Dru…

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Thailand, Malaysia Strengthened Collaboration On Trade, Digital Economy

BANGKOK, Thailand’s Foreign Minister, Don Pramudwinai, and his Malaysian counterpart, Saifuddin Abdullah, yesterday announced to strengthen cooperation in areas such as trade and digital economy.Both sides agreed, at a joint press conference, to work c…

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