The Nation
Central bank to allow fintech experimentation
The bank of Thailand will open the way for financial-technology product experimentation under its regulatory “sandbox” in the first quarter of next year, in the hope that fintech developers applying to participate can receive licences quickly once they decide to commercialise their products or services. ...
Thai garment exports tipped to drop further
Thai garment exports are expected to continue to decline with more Thai manufacturers expanding to neighbouring countries to tap cheaper costs and better tariff benefits. Vallop Vitanakorn, an adviser to the Thai Garment Manufacturers Association, said after expanding investments to Cambodia and Vietnam over the past ...
Experts warn of water scarcity
Low levels at dams could lead to problems if resources not carefully managed. While there is enough water available, resources have to be managed very carefully, as water experts have warned that mismanagement could result in serious problems. Sucharit Koontanakulvong, head of water resources engineering at ...
Homes, farmland swamped by floods
As heavy rains brought by tropical storm “Rai” persisted over the upper part of Thailand on September 15, many homes and tracts of farmland in downstream provinces were flooded by runoff. Phitsanulok ordered all scenic waterfalls linked to the Wang Thong River to be closed to ...
MDE replaces ICT Ministry
The Ministry of Digital Economy and Society will be officially established on September 16, replacing the Information and Communications Technology Ministry. The MDE is being set up as part of the government’s “Thailand 4.0” policy. The Royal Gazette announced on September 15 that the MDE would become ...
PPP gross cost investment model ‘best for motorway projects’
The Highways Department proposed at a meeting on September 14 that two motorway projects. The meeting was held to prepare for today’s meeting of the Private Public Partnership Policy Committee. The committee is to consider the two projects. According to the Highways Department, the PPP Gross Cost model ...
New Myanmar investment law is the ‘right move’
International lawyers have welcomed Myanmar’s new investment law, saying it will create a better investment environment for both local and foreign investors once enforced. Jo Daniels, managing partner of Baker & McKenzie Myanmar, said at a media roundtable that the new law could be one ...
ICT minister to hold meetings on satellite industry reform
The Information and Communications Technology Minister Uttama Savanayana, on September 12, will hold a meeting with relevant state agencies to discuss ways to reform the satellite industry, following the Cabinet’s recent acknowledgement of its reform proposal. The reform includes the ministry’s plan to bring the existing ...
Campaign to educate public on digital data protection amid growing cybercrimes
Authorities are preparing campaigns to educate the public and undertake other precautionary measures to curb fast-growing financial cybercrimes amid increasing digital transactions. Thailand now has more than 23 million digital banking accounts. Korkij Danchaivichit, deputy secretary-general of the National Broadcasting and Telecom Commission, said the agency will ...
Group Lease strengthens ties with Sri Lankan financial group
SET-listed microfinance company Group Lease plans to collaborate further with Commercial Credit & Finance, a Sri Lankan financial group, to strengthen its microfinance businesses in Indonesia and Cambodia after GL acquired a microfinance company in Myanmar from a Commercial Credit shareholder. GL on September 7 signed a ...
