Finance Minister Arkhom Termpittayapaisith has asked the Securities and Exchange Commission (SEC) and the Bank of Thailand to examine any legal loopholes to prevent recurring cases of foreign exchange Ponzi schemes. He said the case of the Forex-3D for…
Minimum wage hike seen reducing poverty
Krungthai Compass upbeat on impact Krungthai Compass, a research unit under Krungthai Bank, expects the minimum wage increase to reduce the number of poor workers, improve their income, and broadly support long-term Thai economic growth. The proportion…
GMO-Z com unit planning to float on stock exchange
The Thai unit of GMO-Z com, the Japanese securities brokerage, is planning to float its shares on the Stock Exchange of Thailand (SET), after posting a net profit growth for three consecutive years, thank to the high trading liquidity of the Thai bours…
THG unveils Bangladesh health tie-up
SET-listed Thonburi Healthcare Group (THG) is preparing to help Bangladesh develop a so-called “hospital for society” in cooperation with the 2006 Nobel Peace Prize laureate Muhammad Yunus. “We have no plan to build a new hospital there, but aim to imp…
Steelmakers plan to raise prices amid surging costs
Thai steel manufacturers are planning to increase their domestic prices following a rise in operational costs, from raw material prices and electricity bills to the higher daily minimum wage. The fuel tariff increase has caused steel producers’ power b…
Rayong housing sales double in H1
Growth driven by low-rise homes Residential sales in Rayong picked up significantly in the first half with a doubling in growth driven by low-rise houses, following an improvement in employment in the Eastern Economic Corridor (EEC). Vichai Viratkapan,…
‘Fab four’: still estranged but side by side for the queen
LONDON: Princes William and Harry and their wives Catherine and Meghan — once dubbed the “fab four” — walked together behind Queen Elizabeth II’s coffin Monday, just as the royal brothers did 25 years ago for their mother Princess Diana. But with a tel…
Left high and dry, lacklustre thief, funeral omen for drunk
Easier than robbing houses A husband and wife couple in Buri Ram have been nabbed for stealing water pumps from villages across the province in a crime spree going back three years. Buri Ram provincial police last week arrested Bunjob “Noi” Dankratork,…
Support for nuns long overdue
The constitution guarantees gender equality. Why do female monastics not receive state support as monks do then? The Thai Nuns Institute raised this question last month at parliament. They are still waiting for an answer. A group of white-robed, head-s…
Brighter employment figures proof of recovery, claims govt
Thailand’s economy shows sign of recovery, following a dip in unemployment to its lowest level since the start of Covid-19 pandemic. Deputy government spokeswoman Traisuree Taisaranakul said on Saturday the number of people unemployed in July had falle…