BUSINESS NEWS

Thailand’s economy was seen growing by slightly more than 2.5% this year, less than earlier expected, the minutes of the Bank of Thailand’s (BoT) Feb  26 monetary policy meeting showed on Wednesday, with economic recovery becoming more uneven. At the meeting, the BoT’s monetary policy committee voted 6-1 to cut the one-day repurchase rate by […]

The initiative aims to stabilise the domestic stock market amid global economic uncertainties sparked by US trade policies The Cabinet has approved the launch of the “Thai ESG Extra” fund, designed to encourage investment in sustainable and high-growth equities through substantial tax incentives.  This initiative aims to support Thailand’s domestic stock market amid global economic uncertainty.  Investors

Despite concerns over potential oversupply in Thailand’s office sector, particularly in Bangkok, property experts believe demand remains robust enough to absorb new developments coming into the market. Global property consultancy JLL Thailand dismissed worries about office oversupply in Bangkok, citing strong demand dynamics that continue to absorb new developments. Multinational companies are increasingly attracted to

The Thai government plans to revive the long-term equity fund (LTF) programme to support the local stock market, which has been the worst performer in Asia so far this year. The fund could be set up within the existing environmental, social and governance fund (ESG) framework and investors would receive similar tax breaks for five

SET-listed Eastern Commercial Leasing (ECL) expects its portfolio of auto hire-purchase and leasing loans to increase by more than threefold to 20 billion baht in five years, supported by its recent partnership with Japanese trading house Itochu. ECL formed a strategic partnership with GMT, a subsidiary of Itochu Corporation, and Premium Co Ltd to accelerate

Benchmark rate should be 1% as opposed to 2.25%, economist says An adviser to Prime Minister Paetongtarn Shinawatra reiterated the government’s calls for the Bank of Thailand (BoT) to deliver more rate cuts this year to support Southeast Asia’s second-largest economy. The benchmark interest rate at 2.25% is not accommodative, Supavud Saicheua, 68, said in

Thailand expects to complete its first high-speed rail network linking the country to China through Laos in 2030, a long-delayed project officials have touted as key to furthering bilateral relations and trade between the two nations. The construction of the first phase linking Bangkok and Nakhon Ratchasima province is currently at about 36% completion, government

Foreign direct investment (FDI) continues to flow into Thailand amid the US-China trade war, Russia-Ukraine war and Middle-East conflict, which have made investors seek destinations of neutral countries with good infrastructure. BOI secretary-general Narit Therdsteerasukdi said on Wednesday that Thailand had witnessed a significant growth in the digital industry. Several digital companies have requested investment

Bangkok made a significant leap in the 2024 Global Cities Index (GCI), climbing 11 spots to 34th — the largest gain among the top 50 cities — driven by improvements in business activity, cultural experience and information exchange, according to consulting firm Kearney. Chanchai Tanatkatrakul, country head of Kearney Thailand, said Bangkok’s advancement in business activity was driven

Analysts have already cut their year-end 2025 target for the Stock Exchange of Thailand (SET) index, only days into the trading year, to 1,556 points from 1,614, citing continued foreign capital outflows and political uncertainties as primary concerns. Sombat Narawutthichai, secretary-general of the Investment Analysts Association (IAA), said the majority of analysts and fund managers