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True-DTAC oligopolistic merger challenged in a Thai court

28. March 2024

The Supreme Administrative Court agreed, stating that the merger would impact fair competition and have widespread repercussions on subscribers due to the limited number of service providers in the telecom market.

This article was originally published here: True-DTAC oligopolistic merger challenged in a Thai court

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Moody’s affirms Bangkok Bank’s Baa1 ratings with a stable outlook

27. March 2024

The affirmation of BBL's Baa1 ratings and baa1 BCA reflects the bank's strong solvency and liquidity due to its conservative risk culture and prominent corporate banking franchise in Thailand.

This article was originally published here: Moody’s affirms Bangkok Bank’s Baa1 ratings with a stable outlook

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Grab unveils its 2024 plan for double-digit growth

27. March 2024

Thailand's Grab aims for double-digit growth in 2024 after achieving back-to-back profitability in 2023.

This article was originally published here: Grab unveils its 2024 plan for double-digit growth

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Thailand’s Challenge with Alcohol Regulation: Seeking a Balanced Approach

27. March 2024

The Thai Parliament will soon consider four draft laws on alcohol control, with two drafts advocating strict control due to health concerns, while the other two seek to break industry monopolies. The existing Alcoholic Beverage Control Act imposes stringent restrictions, but some argue that it stifles freedom and hampers businesses.aws on alcohol control are being considered in Parliament, with differing views on strictness.

This article was originally published here: Thailand’s Challenge with Alcohol Regulation: Seeking a Balanced Approach

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Thai Parliament Approves Delayed 2024 Budget

26. March 2024

The new budget will focus on increasing spending in the Thai economy and a drop of 0.3% in the budget deficit to 693 billion baht from the previous year.

This article was originally published here: Thai Parliament Approves Delayed 2024 Budget

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Thailand’s $14 billion cash stimulus plan postponed to Q4

26. March 2024

Thailand plans to implement a $14 billion large-scale cash handout program in the final quarter of this year to stimulate economic growth. This initiative is part of the government's efforts to bolster economic recovery following the COVID-19 pandemic.

This article was originally published here: Thailand’s $14 billion cash stimulus plan postponed to Q4

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SCB EIC cuts Thai 2024 GDP growth forecast from 3% to 2.7%

26. March 2024

SCB EIC revised down the Thai economic growth forecast for 2024 to 2.7% due to challenges in the manufacturing sector and delays in the 2024 Budget Act.

This article was originally published here: SCB EIC cuts Thai 2024 GDP growth forecast from 3% to 2.7%

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