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Car Sales in Thailand Plummet over 20% in August

Car Sales in Thailand Plummet over 20% in August

by Teuvo Tuomi | Sep 25, 2024 | Business, Economy, Manufacturing, News, Thailand, Transportation

The manufacturing and sales of vehicles in Thailand fell by more than 20.56% in August compared to last year, the Federation of Thai Industries (FTI) reports. Surapong Phaisitpattanapong, advisor and spokesman of FTI’s automobile club, says 119,680 vehicles were...
BOT Will Grant Only 3 Virtual Bank Licenses

BOT Will Grant Only 3 Virtual Bank Licenses

by Teuvo Tuomi | Sep 23, 2024 | Thailand, Banking, Business, Digitalization, News, Visions

Despite receiving several applications from interested operators, the Bank of Thailand wants to grant only three virtual bank licenses. The central bank will issue licenses it deems appropriate to maintain the stability of the domestic financial market and safeguard...
Thailand Targets Global Talent by New Destination Visa

Thailand Targets Global Talent by New Destination Visa

by Teuvo Tuomi | Sep 20, 2024 | Thailand, Digitalization, Economy, News, Travel

The Government of Thailand is promoting its new Destination Thailand Visa (DTV) to attract foreign nationals who wish to work while traveling in the country, according to Foreign Affairs Minister Maris Sangiampongsa. The DTV is...
Thailand’s Digital Wallet Handouts Will Start in September: Finance Minister

Thailand’s Digital Wallet Handouts Will Start in September: Finance Minister

by Teuvo Tuomi | Sep 19, 2024 | Thailand, Economy, News, Society

Thailand’s cabinet has approved the digital wallet scheme, under which 14.5 million vulnerable and disabled Thais will be the first to receive the 10,000 baht cash benefit. The money will be wired into their bank accounts between 25-30 September, Finance...
Mighty Mekong Bursts Its Banks

Mighty Mekong Bursts Its Banks

by Teuvo Tuomi | Sep 16, 2024 | News, Climate, Environment, Thailand, Weather

The Mekong River burst its banks on Sunday morning, flooding Thailand’s Muang district of Nong Khai province. The floodwaters on the bloated river continue to flow downstream to Bueng Kan and Mukdahan provinces, originating mainly from the Sai River that flowed...
Thailand’s Software Sector Sees Solid Growth

Thailand’s Software Sector Sees Solid Growth

by Teuvo Tuomi | Sep 16, 2024 | News, Business, Digitalization, Economy, Technology, Thailand

Thailand’s software sector outperformed other digital sectors last year with a growth of 12.8%, earning 215 billion baht. Main reasons were investment in advanced technology such as artificial intelligence (AI), data analytics, cloud computing, and...
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