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New investment makes LINE MAN Wongnai Thailand’s largest tech startup

LINE MAN Wongnai was established in 2020 from the merger of LINE MAN, Thailand’s No. 1 on-demand assistant app, and Wongnai, a restaurant review platform. The company aims to be the most innovative e-commerce platform for services in Thailand

Thailand’s three-year (2022 – 2024) payment systems development strategy

The paper highlights the importance of electronic payment systems as a mechanism to support efficient and sustainable transitions of the Thai financial sector to a digital economy.

Thailand’s Central Group acquires British retailer Selfridges

Central made the purchase in partnership with Signa Holding of Austria for a reported price of $4.76 billion

Thailand’s Growth disappoints despite boost from reopening

A breakdown of GDP showed that growth was uneven. Encouragingly, the recovery in household spending gained further traction, rising 6.9% y/y (1.7% q/q) following a more substantive easing in domestic and border restrictions.

Thailand’s Online Gambling Industry Size in 2022

Many Asian countries have already decriminalized casino gaming, like Singapore, Philippines, Cambodia end Malaysia, and trends suggest that Thailand may follow suit. Until then, Thai residents have to travel to countries that permit online gambling, like neighbouring Cambodia, or play online casino games on offshore casinos.
Export growth better-than-expected in December 2020. However, amid the second wave of COVID-19 infections, exports could fall below previously forecasted levels in 2021.

Asia-Pacific: Companies face rising credit risks despite shorter payment delays

Coface’s 2022 Asia Corporate Payment Survey, conducted between November 2021 and February 2022, provides insights into the evolution of payment behaviour and credit management practices of about 2,800 companies across the Asia Pacific region during another pandemic year.

Bangkok ranked 2nd best city worldwide for digital nomads

Second only in the world to Lisbon, Portugal in the global ranking of 80 cities for digital nomads, Bangkok scored well in the key areas of affordability, weather, broadband speed, scenery, and transport.

Fitch keeps Thailand’s credit rating at BBB+ with a stable outlook

Fitch Ratings has retained Thailand’s credit rating at BBB+ with a stable outlook, saying external finance and strong macroeconomic policies are Thailand’s key strengths.