December2017

Trilateral currency settlement pact agreed

The Bank of Thailand together with Bank Indonesia (BI) and Bank Negara Malaysia (BNM) yesterday announced the launch of a local currency settlement framework between them to promote trade and investment trilaterally. Read more here: Bangkok Post – Business News

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Thailand Post targets community e-commerce

Next year will see the development of a community e-commerce ecosystem nationwide, with the government targeting to create 10,000 such e-commerce units by end of 2018 and 25,000 by 2020, says Pichet Durongkaveroj, the Digital Economy and Society (DE) Minister. Read more here: Bangkok Post – Business News

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TRA predicts retail rebound

Thailand’s retail industry is expected to continue expanding over the next several years, driven by a growing economy, infrastructure investment, stable politics and high farm prices, says the head of the Thai Retailers Association (TRA) Read more here: Bangkok Post – Business News

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SET shifts to 2018 start for Live platform

The Stock Exchange of Thailand (SET) will start operating Live, a fund-raising platform for startup companies, in the beginning of 2018 to let institutional investors and high-net-worth angel investors take part. Read more here: Bangkok Post – Business News

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E-payment players ready to rumble

Intense competition in payment services will propel e-payment use in the coming year as banks and fintech firms seek to lure customers with innovative digital services. Read more here: Bangkok Post – Business News

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BMTA suspends the use of cash boxes in buses after technical problem

Bangkok Mass Transit Authority has suspended the installation of cash boxes on 1,800 public buses after it has found out that the cash boxes which were equipped in 800 buses for a trial run did not function properly. An informed source said that Mr Natthachart Charuchinda, the board chairman of[…]

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Mitsubishi to promote electric vehicles in Indonesia

TOKYO: Mitsubishi Motors Corp said on Monday it will join forces with the Indonesian government to promote electric vehicles in the Southeast Asian country, as the government ramps up efforts to reduce CO2 emissions. Read more here: Bangkok Post – Business News

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Singapore stocks surge, Vietnam shares plunge

Singapore shares climbed 1% to their highest close in two-and-a-half years on Monday, riding on a rally in financials, while Vietnam stocks tumbled 2.4% in their sharpest drop in nearly two years. Read more here: Bangkok Post – Business News

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How well will we age?

When I was thinking about topics to discuss with the new country head of the Asian Development Bank (ADB) in Thailand recently, one issue that came to mind was the challenge of population ageing in Southeast Asia. Clearly, this is a big issue for most Asian economies and the real[…]

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Delivering success

Asia’s first driverless trucks began operating in October at the ExxonMobil plant on Jurong Island in Singapore, while fleets of autonomous delivery vehicles are expected to get rolling on Great Britain’s motorways next year. These are just some of the headline-making developments in the brave new world of transport being[…]

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