Will Kakao Bank secure footing in untapped Thai market?
Earlier this month, Thailand’s Ministry of Finance confirmed regulations for authorizing virtual banks, the equivalent of internet lenders in Korea.
Economic Affairs
South Korea’s drugmakers feeling pinch from doctors’ walkout
According to several sources, drug companies are noticing decreases in use of antibiotics, intravenous fluids and injections used in medical operations, mainly as large hospitals…
UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%
The big cut by the university’s Centre for Economic and Business Forecasting was mainly due to the global economic slowdown, explained UTCC rector Thanawat Phonwichai.
Bank of Japan ends negative interest rate policy
The decision marks the first time the central bank has raised interest rates since February 2007.
China to grant foreign investors greater access to its markets
To broaden market access, the country will remove restrictions on foreign participation in the manufacturing sector and increase openness in sectors such as telecommunications and…
India to source onion from domestic market to export to Bangladesh
This will be the first official export of the key kitchen staple from India in more than three months since India banned its export from December 8 to March 31.
Singapore businesses investing in new growth areas in Sichuan: Senior minister
Singapore’s cumulative investments in Sichuan amounted to US$4.2 billion (S$5.6 billion) across 737 projects in 2022.
Pakistan, IMF extend talks to conclude standby arrangement review
Sources say that the two sides had agreed on a set of contingency measures to address gaps in data in case of any slippages for the period ending March 31.
Chinese automakers to start producing EVs in Thailand this year
If the production capacity of electric vehicle factories set up by various countries can meet the conditions of the incentives, it will help promote Thailand as a production base…
Roast beef, ice cream and bread: Soy sauce isn’t just for sushi anymore
More and more companies are trying to break the mold, developing new varieties of the centuries-old condiment.