EGCO Group, a major Thai power producer, announced that its joint venture, CDI Group, has officially launched its Initial Public Offering (IPO) and listed on the Indonesia Stock Exchange. The funds raised will primarily be used to strengthen CDI Group's core capabilities in logistics, port, and storage sectors, including the construction of new fac
Thailand Braces for US Tariff Deadline, Hopes for Extension in Critical Talks
Thailand is awaiting the outcome of critical talks with the US as the 90-day tariff suspension is set to expire today, July 9. Finance Minister Pichai is negotiating for an extension and lower tariffs to mitigate potential severe impacts on Thai exports and manufacturing. The outcome will be closely watched, especially in comparison to other ASEAN
Bank of Thailand Expects Slower Growth in 2H25 Amid US Tariffs and Weak Consumption
The Bank of Thailand's Monetary Policy Committee maintained its policy rate at 1.75% despite an upward revision to the 2025 growth forecast, expecting slower growth in the second half of 2025. This slowdown is attributed to anticipated US tariffs, weakening private consumption, and a projected decline in foreign tourist arrivals, especially from Ch
Opposition Blames Tourism Losses on Casino Policy
The opposition party has criticized the government, attributing recent tourism losses to its policy on entertainment complexes, likely referring to the proposed casino legalization. This highlights a contentious debate about the potential impact of such policies on the country's image and tourism sector, with the opposition arguing for alternative
Phumtham Defends Cabinet Reshuffle
Deputy Prime Minister Phumtham Wechayachai has reportedly defended a recent cabinet reshuffle. While specifics of the reshuffle and the criticisms were not detailed, his defense indicates ongoing adjustments within the government and an effort to justify strategic appointments and changes in ministerial roles. credit : ????????????