Alex Morgan

Alex Morgan

Alex is a 42-year-old former corporate executive and business consultant with a degree in business administration. Boasting over 15 years of experience working in various industries, including technology, finance, and marketing, Alex has acquired in-depth knowledge about business strategies, management principles, and market trends. In recent years, Alex has transitioned into writing business articles and providing expert commentary on business-related issues. Fluent in English and proficient in data analysis, Alex strives to deliver well-researched and insightful content to readers, combining practical experience with a keen analytical eye to offer valuable perspectives on the ever-evolving business landscape.
  • World News

    Turkey’s first female central bank governor signals shift to conventional policies

    Turkey’s President Recep Tayyip Erdogan has appointed Hafize Gaye Erkan, a former US-based bank executive, as the first female governor of the country’s central bank. The move signals a potential shift towards more conventional economic policies under Erdogan’s administration. Erkan, 41 years old, is a former co-chief executive officer of the First Republic Bank and holds a Princeton education. Erdogan…

  • Business News

    Thailand’s NBTC mulls supervision of OTT platforms for fair telecoms

    The National Broadcasting and Telecommunications Commission (NBTC) is weighing the potential regulation of over-the-top (OTT) platforms in Thailand to create a level playing field and ensure equal treatment in the telecom sector. Despite major foreign OTT platform providers having established operations offices in Thailand and adhering to value-added tax (VAT) payment rules, the regulator is contemplating whether these operators should…

  • Business News

    Binance.US drops dollar trading amid banking partners’ withdrawal

    Binance.US, the American subsidiary of the world’s largest cryptocurrency exchange, announced that it will cease offering trading services in United States dollars. This decision comes after the company’s banking partners withdrew support due to pressure from federal regulators. The inability to trade in US dollars is a significant setback for Binance.US, as one of the primary functions of a cryptocurrency…

  • Business News

    Teka Construction shifts focus to non-condo projects for revenue growth

    Teka Construction Plc is shifting its attention towards non-condominium projects, housing developments, and construction materials in an effort to decrease its dependence on high-rise residential projects. Chief Financial Officer Suphon Chongchintaraksa revealed that the company plans to broaden its scope and clientele to encompass various construction projects, including international schools, warehouses, shopping centres, and government sector developments. “Construction work in…

  • Business News

    Thai firms eye investment deals in Saudi Arabia

    Thailand and Saudi Arabia are forging strong economic ties, with several collaboration deals in progress. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, recently visited Saudi Arabia with a Thai delegation led by Foreign Minister Don Pramudwinai. During the visit, it was announced that PTT Oil and Retail Business Plc (OR) plans to establish petrol stations in Saudi Arabia,…

  • Business News

    Thai air-con component exports to US soar amid heat wave surge

    Rising heat waves in the United States have driven a surge in Thailand’s exports of air-conditioner components during the first quarter. The increase in demand has led to air-conditioner parts becoming the top product category benefiting from the generalised system of preferences (GSP) privileges awarded by the US. The Foreign Trade Department reported that Thai exporters utilised GSP privileges worth…

  • Business News

    Hong Kong’s legal ambiguity risks eroding foreign business confidence

    Hong Kong’s legal ambiguity surrounding the June 4 anniversary of the 1989 Tiananmen Square crackdown has raised concerns among the city’s foreign business community. The government’s unwillingness to clarify the legal status of the commemorations, which are now deemed illegal under the Beijing-imposed national security law (NSL), is causing unease among companies who have long valued the British-inherited legal system…

  • Business News

    90% Thai employees seek new jobs despite bleak economy

    A significant majority of Thai workers are open to exploring new job opportunities despite an uncertain global economic climate, a recent study by recruitment firm Michael Page has found. The Talent Trends report, which surveyed 942 individuals in Thailand, revealed that over half of the respondents are actively seeking or planning to find new employment within the next six months.…

  • Business News

    FTI seeks Chinese investment boost in Thai EV, food, and healthcare sectors

    The Federation of Thai Industries (FTI) is seeking to boost Chinese investment in Thailand, focusing on the electric vehicle (EV), food, and healthcare sectors, through increased business collaboration with Beijing. Kriengkrai Thiennukul, chairman of the FTI, recently met with the Chinese ambassador to Thailand, Han Zhiqiang, to discuss potential investment opportunities. Kriengkrai envisions Thailand as a production base for Chinese…

  • Business News

    Thai consumer confidence hits highest level since March 2020

    Consumer confidence in Thailand reached its highest level since March 2020, with a 12th consecutive monthly increase in May. The University of the Thai Chamber of Commerce (UTCC) reported that the consumer confidence index rose to 55.07 in May, up from 55 in April. Factors contributing to this increase include a recovering economy, a resilient tourism sector, and political campaigns…

  • Business News

    Thailand boosts tourism budget to 5 billion baht

    The Tourism Authority of Thailand (TAT) announced its plans for the fiscal year 2024, with a focus on growing off-peak customers, increasing spending per trip by 7%, and distributing income to a wider range of destinations. The budget for these initiatives is set at 5 billion baht, a significant increase from the 3.25 billion baht allocated for fiscal 2023. TAT Governor…

  • Business News

    Saudi wealth fund takes over clubs, lures football stars

    Next season, Saudi Arabia’s football league will feature some of the sport’s top players, including Cristiano Ronaldo, Karim Benzema, and N’Golo Kante. The Saudi Professional League (SPL) is set to commence in August, and more high-profile signings are anticipated. In addition to these transfers, the kingdom’s sovereign wealth fund, the Public Investment Fund (PIF), overseen by Crown Prince Mohammed bin…

  • Business News

    Bank of Thailand continues interest rate normalisation amid new government

    The Bank of Thailand has stated that the formation of a new government will not impact its decision to raise interest rates further. The central bank’s deputy governor, Mathee Supapongse, emphasised the need for the bank to maintain a separate view from elected officials, with the aim of continuing to normalise interest rates. “Despite recent increases, Thai interest rates are…

  • Business News

    Isuzu factory relocation rumours hit Thai auto parts shares

    A significant decline in the shares of Thai auto parts companies was observed today, following rumours that Japanese automaker Isuzu Motors intended to move its Thai factory to Indonesia. The Indonesian Industry Minister, Agus Gumiwang Kartasasmita, stated yesterday that Isuzu could potentially commence production in Indonesia as early as next year. However, Isuzu denied any such relocation plans today. In…

  • Business News

    SEC offers guidance for investors amid Stark’s potential bond default

    The Securities and Exchange Commission (SEC) has issued guidelines for investors as Stark Corporation faces the possibility of defaulting on bond payments worth nearly 9.2 billion baht. The SEC has emphasised that investing in debt securities carries high risks and that investors could lose both principal and interest. The guidelines aim to clarify the roles and functions of bond representatives…

  • Business News

    Asia-Pacific aviation recovery boosted by China’s early reopening

    Asia-Pacific aviation is set for a gradual recovery this year, with the International Air Transport Association (IATA) citing China’s earlier-than-expected reopening as a significant boost for the industry. Philip Goh, IATA’s Vice-President for Asia-Pacific, noted that revenue passenger kilometres (RPK) for the region in April reached 82% of the corresponding period in 2019. Domestic RPK has already surpassed 2019 levels,…

  • Economy News

    Thai GDP growth at risk as new government formation faces delays

    Concerns are rising within the private sector as the potential delay in the formation of Thailand’s new government could lead to a decline in the country’s GDP growth to 1-2%. Kriengkrai Thiennukul, chairman of the Federation of Thai Industries, stated that the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is closely monitoring the political situation. A new government…

  • Business News

    Japan data centre providers invest US$164m in Thailand expansion

    Thailand has seen a significant influx of investment from data centre providers, with two Japan-based companies investing a combined US$164 million in the country. This comes as digital transformation and cloud computing continue to grow exponentially. Telehouse recently launched its first Thai data centre, investing US$74 million in the project. Meanwhile, NTT invested 3 billion baht through its subsidiary, NTT…

  • Business News

    BEC World targets leading content provider status amid digital disruption

    BEC World, the operator of Thailand‘s Channel 3, is embarking on a transformation to become a leading content provider and expand its revenue streams in the digital content platform and global content licensing sectors. Surin Krittayaphongphun, president of TV business and executive director at BEC World, said this strategic move aims to ensure the company’s survival and sustainable growth in…

  • Business News

    TKC partners with European firms for Thai smart city and building projects

    Turnkey Communication Services (TKC), a digital solutions provider listed on the Stock Exchange of Thailand, has announced a partnership with three European tech companies to develop smart buildings and smart cities in Thailand. This collaboration supports the Thai government’s digital transformation roadmap and aims to deliver integrated solutions for people flow management systems, using 3D sensors and artificial intelligence (AI)…

  • Business News

    Thai economy could face 36 billion baht hit from extreme weather

    Extreme weather conditions, including drought and floods, could potentially inflict a 36 billion baht blow to Thailand‘s economy this year, warns the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). Drought, in particular, is a significant concern as it may severely affect the agricultural and manufacturing sectors, further hindering the country’s already sluggish exports. “Manufacturers are worried about drought…

  • Business News

    Thai state banks raise interest rates after central bank policy hike

    Following the Bank of Thailand‘s recent policy rate increase, state banks, including the Government Savings Bank (GSB) and the Bank for Agriculture and Agricultural Cooperatives (BAAC), have raised interest rates for loans and deposits, with deposit rates exceeding loan rates. Vitai Ratanakorn, GSB’s president and chief executive, stated that after the central bank’s policy rate increased by a quarter percentage…

  • Business News

    Japanese startup Exit outsources resignations, easing employee guilt

    In Japan, a unique startup named Exit has emerged, offering employees a way to resign from their jobs without facing their bosses directly. Exit, founded by Toshiyuki Niino and Yuichiro Okazaki, charges a fee of 20,000 yen (US$144) to inform a client’s employer about their decision to quit, eliminating the need for any uncomfortable confrontations. Since its inception in 2017,…

  • Business News

    UK house prices fall for first time in 11 years amid rising borrowing costs

    UK house prices have experienced their first decline in over a decade, with increasing borrowing costs impacting potential buyers, according to mortgage lender Halifax. In May, the average property price saw a 1% drop compared to the same month in the previous year, with prices £7,500 lower than their peak in August. Halifax’s Director of Mortgages, Kim Kinnaird, highlighted that…

  • Business News

    China’s exports shrink, imports fall amid weak global demand

    Chinese exports experienced a sharper decline than anticipated in May, while imports also fell, reflecting weak international demand and sluggish domestic consumption. In May, exports from the world’s second-largest economy dropped 7.5% year-on-year, the largest decrease since January, compared to 8.5% growth in April. Imports shrank by 4.5%, a slower rate than the 7.9% decline in the previous month. The…

  • Business News

    Thai investor confidence sinks as government formation uncertainty looms

    Investor confidence in the nation’s stock market has dropped to an eight-month low due to uncertainty over the formation of a new government, according to the Federation of Thai Capital Market Organisations (Fetco). The overall investor confidence index has dipped to 77.70 from 110.09 in May, entering the “bearish zone” for the first time in eight months. Foreign investor confidence…

  • Business News

    OECD raises global growth outlook as inflation eases, warns of long road

    The Organisation for Economic Co-operation and Development (OECD) has marginally increased its global economic growth forecast to 2.7%, up from 2.6% in its previous report. This revision is attributed to easing inflation, China lifting Covid restrictions, falling energy prices, and supply chain improvements. However, the recovery remains below the 3.3% growth recorded in 2022, and the organisation warns of a…

  • Business News

    SET and AIMC to use class action law to protect investors amid Stark fraud probe

    The Association of Investment Management Companies (AIMC) and the Stock Exchange of Thailand (SET) are set to utilise class action law to safeguard investors’ interests as the Department of Special Investigation (DSI) examines potential fraud involving former executives of Stark Corporation. Stark’s shares plummeted by approximately 90% after the SET allowed trading to resume on June 1, causing significant harm…

  • Business News

    Sam Altman dismisses public listing, discusses AI’s future and regulation

    OpenAI CEO Sam Altman has stated that the company, backed by Microsoft and known for its ChatGPT technology, has no intentions of going public in the near future. Speaking at a conference in Abu Dhabi, Altman expressed concerns about potential conflicts with investors’ expectations and the need for a unique structure to maintain OpenAI’s capped-profit model. OpenAI has raised US$10…

  • Economy News

    Medical glove exports decline amid allergy concerns and easing Covid-19 cases

    The export of medical gloves made from rubber latex is expected to continue its decline this year, as Covid-19 infections ease and some countries impose bans on natural rubber gloves due to allergy concerns, according to the Office of Industrial Economics (OIE). The decline in glove exports has been significant since last year, impacting Thailand, Indonesia, and Malaysia, said Warawan…

  • Business News

    OpenAI CEO dismisses public listing, discusses AI’s future and regulation

    OpenAI CEO Sam Altman has stated that the company, backed by Microsoft and known for its ChatGPT technology, has no intentions of going public in the near future. Speaking at a conference in Abu Dhabi, Altman expressed concerns about potential conflicts with investors’ expectations and the need for a unique structure to maintain OpenAI’s capped-profit model. OpenAI has received US$10…

  • Economy News

    Thai coalition parties propose zero-based budgeting for efficiency

    The implementation of zero-based budgeting (ZBB) has been proposed by the Move Forward Party (MFP) as part of a 23-point memorandum of understanding signed by eight political parties seeking to form a new coalition government. The MFP argues that the current budgeting system fails to address the public’s needs due to bureaucratic hurdles. ZBB requires state officials to justify expenses…

  • Business News

    Bangkok’s YMID initiative drives Thai medical innovation to meet Asian demand

    The National Innovation Agency (NIA) is continuing to push forward the Yothi Medical Innovation District (YMID) initiative in Bangkok, aiming to meet the growing demand for a central medical hub in Asia, according to NIA’s executive director, Pun-Arj Chairatana. Situated in Bangkok’s Yothi neighbourhood, the YMID project seeks to decrease imports of medical innovations and establish a Thai medical innovation…

  • Economy News

    Inflation plummets to 21-month low in Thailand as fuel and electricity prices drop

    Inflation in Thailand reached its lowest point in 21 months last month, primarily driven by declining fuel prices and electricity bills, along with a higher price base in May of the previous year. Experts predict that the inflation rate will further decrease throughout June. Wichanun Niwatjinda, deputy director-general of the Trade Policy and Strategy Office, expects inflation for June to…

  • Business News

    Foreign investors sell 100 billion baht in Thai stocks and shares amid global rate rise

    In the first five months of this year, foreign investors offloaded almost 100 billion baht worth of Thai shares, with 33.4 billion baht sold in May alone, due to increasing global interest rates and uncertainties surrounding the formation of a new government. Despite this, the Stock Exchange of Thailand (SET) expressed optimism yesterday, believing that the recent easing of the…

  • Business News

    Thai Shippers’ Council eyes 0-1% export growth amid new government push

    The Thai National Shippers’ Council (TNSC) maintains that the nation’s exports can achieve a growth of 0-1% this year, calling for the swift formation of a new government to boost trade competitiveness and tackle economic challenges. TNSC Chairman Chaichan Chareonsuk anticipates that Thai exports from May to June will experience a slight year-on-year contraction, leading to a 5-6% decline for…

  • Business News

    Shanghai court freezes £200m in Dalian Wanda unit shares

    A Shanghai court has imposed a freeze on 1.98 billion yuan (US$278.18 million) worth of shares in a subsidiary of Dalian Wanda Group, the largest commercial property developer in China. The affected shares were issued by Dalian Wanda Commercial Management Group, the property management division of Dalian Wanda Group. Two court notices, dated June 5, revealed that the shares were…