State agency helps over 30,000 vendors tap online sales, digital payments

Posted on March 18, 2022 by SoClaimon

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https://www.nationthailand.com/business/40013496

Some 30,000 vendors from over 300 fresh markets have been able to sell online and use digital payment systems, generating over Bt300 million in online trading value so far, according to the Digital Economy Promotion Agency (Depa).

State agency helps over 30,000 vendors tap online sales, digital payments

Depa director-general Nattapol Nimmanphatcharin on Wednesday announced the success of the “Transform Fresh Markets to New Ways” programme at an exhibition held at the True Digital Park. The exhibition was called “Transform Market Showcase 2022”.

Nattapol said the project started in September 2021 and it was initially launched as a pilot project in Bangkok, Nakhon Sawan, Nakhon Pathom, Chainat, Singburi and Lopburi provinces. The project was later expanded to Pathum Thani, Nonthaburi, Samut Sakhon and Samut Prakan provinces.

He said the project is aimed at encouraging small and medium-sized enterprises (SMEs), small entrepreneurs, and street vendors to trade their products on digital platforms and to accept digital payments.

As of March 2022, the programme has helped 30,050 vendors from 300 fresh markets partner with 28 Thai digital startups and digital providers to sell their products online.

More than 200,000 items are available online on digital platforms, generating sales of over Bt300 million so far, Nattapol added.

He said the statistics from his project showed that Bangkok, Samut Prakan and Samut Sakhon were the top three provinces with vendors turning to sell online apart from their conventional trade.

He said the vendors who joined the digital platforms came from weekly markets, fresh markets and street-side sellers.

The vendors use e-payment and delivery systems of their choices on digital platforms, Nattapol added.

State agency helps over 30,000 vendors tap online sales, digital payments The Depa has so far trained some 1.2 million interested people in conducting online trading since August last year, Nattapol said, adding that the training was offered via YouTube, Facebook, Classwin and Digital Skill platforms.

“The programme has pushed vendors to access and apply digital technologies to their trade. The programme helped them select Thai digital startups and digital providers to suit their trades,” Nattapol said.

He said the Transform Market Showcase 2022 was held to show the success and potential of the vendors who accessed and applied digital technologies to enhance their trade. The programme will also play a part in turning Thailand into a cashless society, he added.

The director-general said Depa will expand the project to 65,000 other shops and build pilot digital markets in 25 more provinces. They are: Chiang Mai, Chiang Rai, Lampang, Lamphun, Nan, Udon Thani, Khon Kaen, Nakhon Ratchasima, Buri Ram, Mahasarakham, Ayutthaya, Suphanburi, Kanchanaburi, Phetchaburi, Prachuap Khiri Khan, Chachoengsao, Ratchaburi, Saraburi, Chonburi, Rayong, Phuket, Krabi, Surat Thani, Nakhon Si Thammarat, and Trang.

Published : March 17, 2022

By : THE NATION

Finance Ministry ready for cash injection to help low-income earners

Posted on March 18, 2022 by SoClaimon

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https://www.nationthailand.com/business/40013487

The Finance Ministry is ready for cash injection to assist state welfare card holders and minor operators under the “Kon La Krueng” co-payment scheme.

Finance Ministry ready for cash injection to help low-income earners

Finance Minister Arkhom Termpittayapaisith said on Wednesday that his ministry was considering the source of funds to support government subsidies to decrease the cost of living.

Deputy Finance Minister Santi Promphat expects no problem with finding money for the purpose.

However, he said, the Fiscal Policy Office reported that it had a fiscal limitation because some organisations could not reach the target of revenue collection. However, the government saw a necessity to spend to help people in lower income levels.

Santi said the spending would not only help low-income earners but also stimulate the economy.

Published : March 17, 2022

By : THE NATION

Over 50% of MSMEs unable to secure business funding due to rigid lending, admin: survey

Posted on March 17, 2022 by SoClaimon

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https://www.nationthailand.com/pr-news/business/40013460

More than half – 63 per cent – of micro, small and medium-sized enterprises (MSMEs) in Thailand have been unable to secure sufficient, or any, funding on at least one or more occasions over the last five years, according to a survey by cloud banking platform Mambu.

Over 50% of MSMEs unable to secure business funding due to rigid lending, admin: survey

More than half – 63 per cent – of micro, small and medium-sized enterprises (MSMEs) in Thailand have been unable to secure sufficient, or any, funding on at least one or more occasions over the last five years, according to a survey by cloud banking platform Mambu.

The “Small business, big growth” report surveyed more than 1,000 MSME owners globally, including in Thailand, who set up a company and applied for a business loan in the last five years.

More than a third – 35 per cent – of Thai MSMEs had to rely on friends and family for loans, followed by 34 per cent who secured funding from traditional banks or building societies, and 25 per cent from specialist SME and commercial lenders.

Of the MSMEs unable to secure sufficient funding, 34 per cent were unable to hire effectively, 32 per cent were unable to upgrade or improve technology and 31 per cent experienced cash-flow issues or were unable to launch new products or services.

Mambu’s findings come amid a rise in alternative lending, as Thai MSMEs turn to challenger banks and fintechs to overcome common barriers, such as rigid lending criteria (44%), too much paperwork and administration (30%) and slow lending speeds (29%). The opportunity for new entrants is clear as the vast majority (95%) of these organisations say they are open to changing lenders for a better experience.

Nearly half of Thai MSMEs cited better financial options (46%) and better digital services (46%) as the top reasons to change lenders. Meanwhile, 43 per cent said they would switch for better borrowing benefits and incentives and 41 per cent for better customer service support.

Myles Bertrand, managing director APAC at Mambu, said small and medium-sized enterprises are significant contributors to Thailand’s economic activity and employment. There are 3.1 million generating 12.7 million jobs (71% of the country’s workforce).

“However, the inability to access business financing will adversely hamstring Thai MSMEs eyeing commercial or operational opportunities crucial for their continued growth,” Bertrand warned.

“With the business lending sector not keeping pace with the technological innovations transforming other financial service areas, Thai lenders are not positioned to offer solutions that best serve their MSME customers when they’re really needed.”

Financial institutions must do more to tackle challenging application processes for loans, he advised.

The research found that the time it takes to apply for a loan is a major influence on small businesses when choosing a lender. While long-term repayment plans were a leading consideration for 89 per cent of MSMEs in this decision-making process, 88 per cent also wanted low interest rates and 87 per cent preferred cash-out options.

Mambu Thailand general manager Pham Quang Minh said Thai MSMEs largely comprise trading and service companies – many in the tourism industry – which have been hard-hit by the Covid-19 crisis.

“Sustaining their operations and growth is key for the country’s own economic rebound as banks can play a key role by breaking down barriers to effective borrowing through more innovative service models, flexible repayment terms, and relaxed collateral requirements,” he said.

“It is then imperative that they adopt better digital lending services to enable faster processing of loans to cater to these key business segments navigating this post-pandemic recovery period.”

When it comes to improving the application process, 88 per cent of Thai MSMEs want to see more flexible loan conditions, 86 per cent are interested in tailored offers and services, and 83 per cent want payroll management.

Retail Economics CEO Richard Lim said the pandemic had ushered in enormous changes in how we work, play and shop, accelerating the democratisation of digital and with its repercussions still reverberating across society. But access to capital is an area where digitisation has matured at a much slower place, he pointed out.

“All too often, businesses looking to scale quickly and seize opportunities are choked by exhausting application processes. Stifled by slow and inefficient practices, current lending practices are no longer fit-for-purpose in today’s fast-paced, digital world,” Lim said.

Globally, the most common barriers to securing funding among SMEs are not enough starting capital (30%), too much paperwork and admin in the lending process (28%) and cash flow not being considered strong enough (27%).

Published : March 16, 2022

Marriott marks International Women’s Day with Bangkok gender equality event

Posted on March 17, 2022 by SoClaimon

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40013452

Marriott International marked International Women’s Day on March 8 with an event in Bangkok aimed at celebrating female leadership in the hospitality industry, promoting gender equality in the workplace and advancing the cause of women’s empowerment.

Marriott marks International Women’s Day with Bangkok gender equality event

The event was organised by the Women’s Ambassador Network, part of the Marriott Thailand Business Council, which strives to strengthen women’s rights through its Women in Leadership programme.

An hour-long session gathered some of Thailand’s top hotel and real estate professionals for a networking reception and panel discussion on the topic of “Breaking the Bias” – the theme of this year’s International Women’s Day.

Hosted by Bangkok’s The Athenee Hotel, the event was led by Tina Liu, general manager of W Bangkok and the first female chairperson of the Marriott Thailand Business Council, along with Pamela Ong, hotel manager of Courtyard by Marriott Phuket Town, and Variya Lulitanond, Marriott International’s area director of Marketing for Thailand, Vietnam, Cambodia and Myanmar. The three executives are also key members of the Women’s Ambassador Network.

They were joined by Wallapa Traisorat, Asset World Corp CEO and president, Ploi Aranyakanond, assistant vice president of Hotel Asset Management at The Erawan Group, Monchanok Adhyanasakul, assistant director of Property Perfect, Board of Directors Royal Orchid Hotel Thailand and consultant for Grande Asset Hotels and Property, and Kevin Hall, managing director of Questus Hospitality.

The panel of experts, whose companies own or represent 20 Marriott-branded hotels in Thailand, took part in a one-hour roundtable debate on the critical issues impacting female empowerment and gender parity in the hospitality industry, moderated by Phenzasinn Limthananuntha, senior manager for the Learning & Development Delivery Team, Asia Pacific (excluding China), Marriott International.

Marriott marks International Women’s Day with Bangkok gender equality event The audience comprised a wide range of Marriott associates from all levels of the company, including general managers, Women in Leadership champions, mentors and mentees, along with a group of trainees. Associates who were unable to attend in person watched the discussion virtually.

“Marriott International has always strived to promote equal rights in the workplace, which is reflected by the fact that we have so many strong female leaders within our company,” said Liu.

“We are proud of this track record, but we understand that more work needs to be done. That’s why marking International Women’s Day remains so important. By hosting this event, we hope to highlight the biggest issues impacting women in travel and hospitality and identify the steps that need to be taken to achieve complete equality,” she added.

Marriott International is fully committed to diversity and inclusion, the hotel said in a press statement, adding that it is regularly recognised as one of the world’s most progressive employers and has featured on the “Fortune 100 Best Companies to Work For” list every year since it was first published in 1998.

Marked annually on March 8, International Women’s Day was created to celebrate the social, economic, cultural and political achievements of women, while also marking a call-to-action for accelerating gender parity.

For more information, visit http://www.internationalwomensday.com.

Published : March 16, 2022

BGrimm Power signs deal to use PTT terminal for processing LNG

Posted on March 17, 2022 by SoClaimon

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40013451

BGrimm LNG Ltd signed an accord with PTT LNG on Tuesday to utilise the latter’s liquefied natural gas terminal in Rayong, the company said in a press release.

BGrimm Power signs deal to use PTT terminal for processing LNG

BGrimm LNG Ltd signed an accord with PTT LNG on Tuesday to utilise the latter’s liquefied natural gas terminal in Rayong, the company said in a press release.

The Terminal Use Agreement, concluded at the Centara Grand Hotel Central Plaza Ladprao, is part of BGrim’s foray into the LNG business and marks liberalisation of natural gas trading in Thailand.

BGrimm LNG, a wholly owned subsidiary of BGrim, earned Energy Regulatory Commission authorisation on May 27, 2020, to ship LNG to the country, the press statement said.

The company has since then taken steps to negotiate LNG purchase contracts with the world’s leading suppliers and on October 20, 2021, sought the service of PTT LNG terminal’s first facility, known as LMPT-1, to process 500,000 tonnes of LNG per year for seven years from 2023 to 2029.

BGrim president Harald Link said the accord signifies BGrimm LNG’s readiness as the first private firm to procure liquefied natural gas for the country.

The move also marks an important step in liberalising Thailand’s natural gas business, he noted.

The first commercial shipment of LNG procured by BGrimm is expected to arrive at the LMPT-1 terminal by early 2023, in effect launching phase 2 of free competition in the natural gas business.

LNG procured by BGrimm will go through the regasification process at LMPT-1 to covert the liquid into a gaseous state before being fed into PTT’s natural gas pipeline system for delivery to power plants and various industries, the press release added.

Published : March 16, 2022

Spending on media expected to maintain growth trend in 2022

Posted on March 17, 2022 by SoClaimon

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40013465

Expenditure on Thailand’s media in 2022 is on a positive trajectory, growing by 2.1 per cent to 5 per cent, although the level of daily infections and the Russia-Ukraine conflict could influence the growth direction, Media Agency Association of Thailand (MAAT) president Tharaputh Charuvatana said on Tuesday.

Spending on media expected to maintain growth trend in 2022

“The total industry media expenditure in 2021 was at 1.1 per cent, led by health businesses, consumer and household products, and electric appliances,” he said.

He explained that the growth trend is continuing in 2022, particularly in businesses that serve the shift in consumer behaviour, who prefer “in-home-consumption” and “health” categories, while online channels are the most ‘go-to’ sources amongst media outlets.

The business sectors that will continue high spending on media includes non-alcoholic beverages, retail shops and stores, vitamins and supplements, oral products, and websites and applications, he added.

As for advertisement expenditure in 2022, growth will largely depend on the level of new Omicron infection cases per day. There are three scenario-projections as follows:

• Level 1, if the maximum number of infections is 11,000 per day. Ad market will likely grow up to 5 per cent.

• Level 2, if the maximum number of infections is 17,000 people per day. Ad market will likely grow up to 4 per cent.

• Level 3, if the maximum number of infections is 32,000 people per day. Ad market growth is reduced to 3 per cent.

He said another important factor is the war in Ukraine, as it will directly affect oil prices and the prices of consumer goods if the conflict prolongs, adding that MAAT viewed it as the worst scenario.

“However, the overall ad spending will remain positive, but growth will decline to 2.1 per cent,” he said

Tharaputh added that out-of-home media will possibly grow the most, as travelling will become more common.

“As more people travel, people must be very careful by wearing a mask and strictly comply with government preventive measures,” he said.

He said the online platform continued to grow, although not as much as last year, adding that a 10.2 per cent growth could be achieved.

“The total media market inflation in 2022 will be 5 per cent, with TV approximately 6.39 per cent inflation and out-of-home 3 per cent, while other media will have no inflation except media. Publications will be minus 5 per cent,” he said.

Tharaputh emphasised that Thailand has passed the worst period from the pandemic and entered the third year, adding that the Omicron variant has not been able to infect people who have received three or more doses of vaccination.

However, he pointed out that tourists still travel to the country under the strict measures of the government.

“Currently, the main factor directly affecting business sentiment is the war between Russia and Ukraine, with other countries being dragged in. Therefore, the most important thing we can do is to support and promote domestic tourism and goods while the marketers may be agile and adaptive according to the current situation and we must believe that we can get through the tough times together,” he concluded.

Published : March 16, 2022

By : THE NATION

SET Index expected to rise on Fed rate decision, Russia-Ukriane talks

Posted on March 17, 2022 by SoClaimon

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https://www.nationthailand.com/business/40013476

The Stock Exchange of Thailand (SET) Index is expected to rise to between 1,675 and 1,680 points on Thursday in response to the US Federal Reserve’s move to raise the interest rate by 0.25 per cent, Krungsri Securities said.

SET Index expected to rise on Fed rate decision, Russia-Ukriane talks

The Fed also signalled it would raise the rate six times by 0.25 per cent to a range between 1.75 and 2.00 per cent by the end of this year, Krungsri Securities pointed out.

“In addition, progress in Russia-Ukraine negotiations after Ukraine agreed to discuss the hot-button issue of being a neutral country would help boost the index,” Krungsri Securities added.

It recommends the purchase of the following as an investment strategy:

• KBank, BBL, TTB, and KTB, which will benefit from a rising US bond yield and news of a US interest rate hike.

• SCC, GPSC, BGrim, SCGP and EPG, which would gain from the falling oil price.

• KCE, Hana, SVI, Com7 and Synex, which would benefit from rising technology share prices.

The SET Index closed at 1,667.92 on Wednesday, up 23.56 points or 1.43 per cent. Transactions totalled 78.16 billion baht with an index high of 1,668.95 and a low of 1,653.87.

Published : March 17, 2022

By : THE NATION

Baht could strengthen as currency market open to more risks: market strategist

Posted on March 17, 2022 by SoClaimon

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https://www.nationthailand.com/business/40013474

The baht opened at 33.34 to the US dollar on Thursday, strengthening from Wednesday’s close of 33.38.

Baht could strengthen as currency market open to more risks: market strategist

Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.25 and 33.45 during the day.

Poon said the baht might swing sideways and even strengthen as the currency market was open to more risks, which could see foreigners investing again in Thai stocks and bonds.

However, a Chinese economic slowdown due to the Omicron variant is still a risk factor to be closely monitored where the economy and baht are concerned, Poon advised.

He said the baht’s resistance level was 33.50, which could see exporters offloading the dollar, while the key support level was 33.20, which would spur importers to purchase the US currency.

Investors are ready to take more risks amid hopes that negotiations between Ukraine and Russia would be successful after Ukraine was reported to be ready to discuss the hot issue of becoming a neutral country, he said.

Moreover, there were hopes Russian President Vladimir Putin might sit down and negotiate with Ukrainian leader Volodymyr Zelensky, leading to an end of the war, Poon added.

Published : March 17, 2022

By : THE NATION

Treasury Department seeks bids for 50-year land lease in Tak economic zone

Posted on March 17, 2022 by SoClaimon

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https://www.nationthailand.com/business/40013463

The Treasury Department will invite bids in May to lease some 1,000 rai (160 hectares) of land in the special economic zone in Tak province, the department chief said on Wednesday.

Treasury Department seeks bids for 50-year land lease in Tak economic zone

Prapas Kong-iad, director-general of the Treasury Department, said two plots of state land are located in the special economic zone in Tambon Tha Sai Luad of Mae Sod district and the department will invite bids to lease the first plot.

The plot measures 1,076 rai. The Special Economic Zone Development Policy Committee resolved on May 21, 2021 to assign a subcommittee to review and increase the lease period, Prapas said.

He said the subcommittee decided to set the leasing rate of the first plot at THB36,000 per rai per year, totalling THB38.753 million for the entire plot. The leasing rate would be increased by 15 per cent every five years.

Prapas said the bidding fee would be THB269.119 million and the bid winner would be allowed to lease the plot for 50 years.

He said a bidder needs to have at least THB50 million registered capital and the bidders must be either legal entities or a joint venture with at least THB50 million registered capital. Each bidder must have had developed at least one property project, Prapas added.

The second plot of the state land, measuring 671 rai, has been leased by the department to the Industrial Estate Authority of Thailand at the rate of Bt25,200 per rai per year, totalling THB16.92 million for the whole plot per year. The rate will be increased by 15 per cent every five years. The first leasing fee is Bt167.88 million, Prapas added.

He said the department has been assigned by the government to manage state land developments in the special economic zone in line with the government’s 20-year national development strategy for achieving sustainable development goals.

He said the department supports local administrations to use state land for carrying out government missions to bring about investments in special economic zones in their jurisdiction.

Published : March 16, 2022

By : THE NATION

Pandemic sweetens fruit juice markets for Thai exports

Posted on March 17, 2022 by SoClaimon

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https://www.nationthailand.com/business/40013453

Thailand’s fruit juice exports in 2021 rose 14.31 per cent over the previous year and was valued at US $640.98 million (THB20.18 billion), the Commerce Ministry’s Trade Policy and Strategy Office (TPSO) said on Wednesday.

Pandemic sweetens fruit juice markets for Thai exports

“Statistics from global market researching company Mintel revealed that in the past 10 years [2012-2021] Thailand has rolled out the second highest number of fruit juice products worldwide with 3,190 items, or 4.2 per cent of total products in the global fruit juice market,” TPSO director Ronnarong Poonphiphat said. “We are currently slightly behind China which is first with 3,628 fruit juice products, or 4.78 per cent, while Brazil is in the third place with 2,839 products, or 3.74 per cent.”

Ronnarong added that the United States was Thailand’s No. 1 market in 2021, as the country imported $266.3 million worth of Thai fruit juice, or 41.6 per cent of total fruit juice exports. China and the Netherlands are the second and third biggest markets for Thai exporters that are responsible for $48.18 million and $36.22 million worth of fruit juices respectively.

“The US market has high demand for organic fruit juices, especially among health-conscious consumers who prefer low sugar and low-calorie juices,” he added. “This trend has also opened new opportunities for fruit juices with extra healthy ingredients, such as added vitamins and prebiotics, which have helped manufacturers expand their product lines to larger groups of consumers.”

“The Covid-19 outbreak is one of the factors that helped boost fruit juice exports, as people have become more health-conscious during the pandemic and tend to consume more fruits and vegetables to strengthen their bodies’ immunity against the virus,” added Ronnarong. “We saw this trend from the increasing demand for fruit juices with low sugar, no colour or preservatives added, while sales via online channels have also increased due to lockdown of traditional markets.”

Thai fruit exports soar in first half of 2021

DITP outlines new strategy to boost Thai fruit export next year

Published : March 16, 2022

By : THE NATION

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Tag Archives: business

State agency helps over 30,000 vendors tap online sales, digital payments

Some 30,000 vendors from over 300 fresh markets have been able to sell online and use digital payment systems, generating over Bt300 million in online trading value so far, according to the Digital Economy Promotion Agency (Depa).

Finance Ministry ready for cash injection to help low-income earners

The Finance Ministry is ready for cash injection to assist state welfare card holders and minor operators under the “Kon La Krueng” co-payment scheme.

Over 50% of MSMEs unable to secure business funding due to rigid lending, admin: survey

More than half – 63 per cent – of micro, small and medium-sized enterprises (MSMEs) in Thailand have been unable to secure sufficient, or any, funding on at least one or more occasions over the last five years, according to a survey by cloud banking platform Mambu.

Marriott marks International Women’s Day with Bangkok gender equality event

Marriott International marked International Women’s Day on March 8 with an event in Bangkok aimed at celebrating female leadership in the hospitality industry, promoting gender equality in the workplace and advancing the cause of women’s empowerment.

BGrimm Power signs deal to use PTT terminal for processing LNG

BGrimm LNG Ltd signed an accord with PTT LNG on Tuesday to utilise the latter’s liquefied natural gas terminal in Rayong, the company said in a press release.

Spending on media expected to maintain growth trend in 2022

SET Index expected to rise on Fed rate decision, Russia-Ukriane talks

The Stock Exchange of Thailand (SET) Index is expected to rise to between 1,675 and 1,680 points on Thursday in response to the US Federal Reserve’s move to raise the interest rate by 0.25 per cent, Krungsri Securities said.

Baht could strengthen as currency market open to more risks: market strategist

The baht opened at 33.34 to the US dollar on Thursday, strengthening from Wednesday’s close of 33.38.

Treasury Department seeks bids for 50-year land lease in Tak economic zone

The Treasury Department will invite bids in May to lease some 1,000 rai (160 hectares) of land in the special economic zone in Tak province, the department chief said on Wednesday.

Pandemic sweetens fruit juice markets for Thai exports

Thailand’s fruit juice exports in 2021 rose 14.31 per cent over the previous year and was valued at US $640.98 million (THB20.18 billion), the Commerce Ministry’s Trade Policy and Strategy Office (TPSO) said on Wednesday.

Some 30,000 vendors from over 300 fresh markets have been able to sell online and use digital payment systems, generating over Bt300 million in online trading value so far, according to the Digital Economy Promotion Agency (Depa).

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The Finance Ministry is ready for cash injection to assist state welfare card holders and minor operators under the “Kon La Krueng” co-payment scheme.

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More than half – 63 per cent – of micro, small and medium-sized enterprises (MSMEs) in Thailand have been unable to secure sufficient, or any, funding on at least one or more occasions over the last five years, according to a survey by cloud banking platform Mambu.

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Marriott International marked International Women’s Day on March 8 with an event in Bangkok aimed at celebrating female leadership in the hospitality industry, promoting gender equality in the workplace and advancing the cause of women’s empowerment.

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BGrimm LNG Ltd signed an accord with PTT LNG on Tuesday to utilise the latter’s liquefied natural gas terminal in Rayong, the company said in a press release.

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The Stock Exchange of Thailand (SET) Index is expected to rise to between 1,675 and 1,680 points on Thursday in response to the US Federal Reserve’s move to raise the interest rate by 0.25 per cent, Krungsri Securities said.

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The baht opened at 33.34 to the US dollar on Thursday, strengthening from Wednesday’s close of 33.38.

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The Treasury Department will invite bids in May to lease some 1,000 rai (160 hectares) of land in the special economic zone in Tak province, the department chief said on Wednesday.

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Thailand’s fruit juice exports in 2021 rose 14.31 per cent over the previous year and was valued at US $640.98 million (THB20.18 billion), the Commerce Ministry’s Trade Policy and Strategy Office (TPSO) said on Wednesday.

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