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.
  • Business News2C2P expands merchant partnerships under Alibaba’s Ant Group to boost SMEs

    2C2P expands merchant partnerships under Alibaba’s Ant Group to boost SMEs

    Aiming to enable offline small and medium-sized enterprises (SMEs) to accept e-wallet payments from Chinese visitors, 2C2P (Thailand) has been expanding its merchant partnerships under Alibaba’s Ant Group. The global payment platform predicts a substantial rise in revenue, from 3.2 billion baht last year to a projected 3.7-3.9 billion by 2024, representing a growth of 30% over 2022. Piyachart Ratanaprasartporn,…

  • Business NewsThai Automotive Institute boosts EV industry with new test track

    Thai Automotive Institute boosts EV industry with new test track

    The Thailand Automotive Institute (TAI) is set to boost Thailand’s electric vehicle (EV) industry, constructing a test track to provide manufacturers with a range of testing services, subsequently becoming a new revenue stream for the country. This track, under construction in Chachoengsao, is designed to facilitate a broad spectrum of tests including braking and parking brake performance, speed, distance and…

  • Business NewsK-Asset and J P Morgan unite to boost Thai mutual fund business

    K-Asset and J P Morgan unite to boost Thai mutual fund business

    A strategic partnership has been forged between Kasikorn Asset Management (K-Asset) and J P Morgan Asset Management (JPMAM) to bolster their mutual fund business in Thailand. This move aligns with the growing wealth segment in the Thai market. The collaboration was announced yesterday, January 10, by K-Asset, an industry-leading asset management company known for its substantial customer base and assets…

  • Business NewsMalaysia and Singapore unite to boost trade with special economic zone

    Malaysia and Singapore unite to boost trade with special economic zone

    Major trading partners Malaysia and Singapore agreed on a collaborative effort to establish a special economic zone. This endeavour aims to enhance trade between the neighbouring countries, which consider each other as their second most significant trading partner. The proposed economic zone is slated to be located in Johor, a southern state of Malaysia. This zone will allow businesses to enjoy…

  • Business NewsCPN predicts 20% retail sales surge due to Chinese New Year and tax scheme

    CPN predicts 20% retail sales surge due to Chinese New Year and tax scheme

    Central Pattana (CPN), a SET-listed firm, is forecasting a 20% surge in retail sales for the first quarter, attributing the anticipated boost to the Chinese New Year festival and the Thai government’s Easy E-Receipt scheme. The company predicts a cash flow of 15 billion baht across all Central shopping mall branches. Nattakit Tangpoonsinthana, the chief marketing officer of CPN, expressed…

  • Business NewsJSCCIB urges BoT to cut high interest rates amid economic threats

    JSCCIB urges BoT to cut high interest rates amid economic threats

    As the economy grapples with internal and external threats, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) called on the Bank of Thailand (BoT) to reduce interest rates. The high interest rates are causing a surge in borrowing costs, amidst a volatile recovery due to the global economic downturn. These views were expressed by Sanan Angubolkul, chairman of…

  • Business NewsInnobic divests Alvogen Malta shares, refocuses on Asia-Pacific pharmaceutical market

    Innobic divests Alvogen Malta shares, refocuses on Asia-Pacific pharmaceutical market

    In a strategic move to refocus its pharmaceutical sector, Innobic (Asia) Co, the life sciences division of the PTT Plc national oil and gas conglomerate, has entirely divested its shares in Alvogen Malta (Out-licensing) Holding (AMOLH). The shares were acquired by Floki Holding Société à Responsibilité Limitée, a healthcare and pharmaceutical firm based in Luxembourg. The transaction is expected to…

  • Business NewsThai PM and central bank clash over interest rates amid low inflation

    Thai PM and central bank clash over interest rates amid low inflation

    The clash between Prime Minister Srettha Thavisin, who also holds the Finance Minister portfolio, and the Bank of Thailand (BoT) intensified. The prime minister has been vocal about his belief that the central bank should lower its interest rates as inflation rates have decreased. On a social media platform, PM Srettha blamed the BoT for causing harm to the economy…

  • Business NewsThai bond market set for 890 billion baht redemption this year

    Thai bond market set for 890 billion baht redemption this year

    This year, bonds worth an estimated 890 billion baht (US$25,406,794,400), primarily investment-grade, are slated for redemption, according to the Thai Bond Market Association (ThaiBMA). Around 73 billion baht (US$ 2,083,928,080) of these are set to mature within this month. The association’s president, Somjin Sornpaisarn, anticipates Thai private enterprises to float long-term bonds of approximately 1 trillion baht (US$ 28,546,960,000) throughout…

  • Business NewsCaution advised over interest rate cuts by Bank of Thailand

    Caution advised over interest rate cuts by Bank of Thailand

    Pundits cautioned against hasty moves to cut interest rates and have emphasised the importance of an independent Bank of Thailand as it determines its policy interest rates. They warned that inconsistent fiscal and monetary policies could harm more than they help. Therdsak Thaveeteeratham, Asia Plus Securities (ASPS) executive vice president, insisted that decisions regarding interest rates should be the sole…

  • Business NewsFinance ministry’s vigilant watch over corporate debenture repayments

    Finance ministry’s vigilant watch over corporate debenture repayments

    Corporate debenture repayments are under the watchful eyes of the Finance Ministry, according to a statement by Lavaron Sangsnit, its permanent secretary. The ministry, along with the Bank of Thailand (BoT) and the Securities and Exchange Commission (SEC), are vigilantly monitoring potential defaults on maturing debentures. In a recent evaluation, it emerged that only a single company was struggling to…

  • Business NewsSamsung’s operating profit takes a hit amidst subdued demand for tech

    Samsung’s operating profit takes a hit amidst subdued demand for tech

    South Korean giant Samsung Electronics Co reported its sixth consecutive quarter of falling operating profits, underlining subdued consumer demand and fuelling uncertainty about a broader tech recovery timeline. The company witnessed a 35% decline in operating income to 2.8 trillion won (US$2.1 billion), falling short of estimates by 24%. Moreover, revenue slid to 67 trillion won, a steeper plunge than…

  • Business NewsThailand’s exports predicted to see slight rise in 2024

    Thailand’s exports predicted to see slight rise in 2024

    The Thai National Shippers’ Council anticipates a slight upturn in Thailand’s exports, predicting an increase of 1%-2% for 2024, as per today’s disclosure. This estimate aligns with a prior forecast, underscoring the critical role exports play in the economic health of Southeast Asia’s second-largest economy. However, the current global demand climate has resulted in sluggish trade in recent times. Chaichan…

  • Business NewsThailand’s oil refineries ready to market eco-friendly Euro5 diesel

    Thailand’s oil refineries ready to market eco-friendly Euro5 diesel

    Thailand’s oil refineries are gearing up to market their new eco-friendly diesel that complies with the Euro5 environmental emission standard. This standard was put into effect on the first day of the year, according to the Federation of Thai Industries (FTI). The Euro5 standard, set to replace Euro4, will apply to B7 and B20 bio-diesel, which contain 7% and 20%…

  • Business NewsElectric vehicle market faces risk from non-performing loans

    Electric vehicle market faces risk from non-performing loans

    The rising popularity of electric vehicles (EVs) is facing a new challenge as concerns over non-performing loans (NPLs) seep into the EV market. The rapid surge in EV sales has led to worries about whether buyers, many of whom are considered new-generation people with weaker financial standing, will be able to meet their instalments. This could lead to an increase…

  • Business NewsBank of Thailand forecasted to initiate rate cuts later this year

    Bank of Thailand forecasted to initiate rate cuts later this year

    Leading economists anticipate that the Bank of Thailand will initiate rate cuts in the second half of this year, potentially reducing the policy rate to 2%. This prediction aligns with the current economic status of the country and the assumption of an impending rate cut by the US Federal Reserve in the second quarter. Amonthep Chawla, the chief economist at…

  • Business NewsE-receipt scheme boosts Thai smartphone and computer sales in January

    E-receipt scheme boosts Thai smartphone and computer sales in January

    Sales of smartphones and computer products have soared by 30-60% in the first week of January, a trend that IT product vendors attribute to the government’s e-receipt programme. This programme, approved by the Cabinet, provides tax rebates of up to 50,000 baht (US$1,435) for individuals not qualifying for the digital handout and is slated to run from January 1 to…

  • Business NewsUS set for decisive week on Bitcoin ETFs

    US set for decisive week on Bitcoin ETFs

    The final phase of a multi-year endeavour to introduce Bitcoin-backed exchange-traded funds (ETFs) in the United States is set to climax this week, faced with a series of crucial deadlines. Bloomberg News reports that all aspiring Bitcoin ETF issuers have until today, January 8, in Washington to present any late amendments to their pending applications. Moreover, the US Securities and…

  • Business NewsGSB plans debt moratorium for 630,000 debtors amid Covid-19 pandemic

    GSB plans debt moratorium for 630,000 debtors amid Covid-19 pandemic

    The Government Savings Bank (GSB) is setting up a plan to provide a debt moratorium for 630,000 debtors, totalling 6.3 billion baht. This plan is in response to the economic hardship experienced by individuals and businesses due to the Covid-19 pandemic, according to an anonymous source. During the pandemic, between 2020 and 2021, GSB, a state-owned entity, issued loans totalling…

  • Business NewsOil prices dip over 1% due to Saudi cuts and increased Opec production

    Oil prices dip over 1% due to Saudi cuts and increased Opec production

    Oil prices experienced a significant drop today, with a decrease of over 1% due to the substantial price reductions introduced by Saudi Arabia, a leading exporter, coupled with an increase in the Organization of the Petroleum Exporting Countries (OPEC) production. These factors successfully counterbalanced concerns about the growing geopolitical tension in the Middle East. During early trading, Brent crude saw…

  • Business NewsNational Telecom to develop cloud managed platform amid rising demand

    National Telecom to develop cloud managed platform amid rising demand

    The Digital Economy and Society Ministry has commissioned National Telecom (NT), the state telecom enterprise, to create a Cloud Managed Platform (CMP). This development comes in response to the substantial demand among state agencies for a central portal to access services from any cloud provider. Ministry’s Deputy Permanent Secretary Nattapon Nattasomboon announced that NT received an allocation of 600 million…

  • Business NewsThailand’s Central Retail eyes potential investment in Selfridges

    Thailand’s Central Retail eyes potential investment in Selfridges

    Central Retail Corp., a leading retailer in Thailand, indicated potential interest in investing in Selfridges, the renowned department store, given the right circumstances. The company outlined their investment criteria in a recent statement to the Thai stock exchange, stating that any new venture must align with its strategic business plan, be reasonably priced, and have optimal timing. The company made…

  • Economy NewsThailand’s headline CPI sees unanticipated drop in December

    Thailand’s headline CPI sees unanticipated drop in December

    Thailand’s Commerce Ministry announced today that the country’s headline consumer price index (CPI) experienced a 0.83% decrease in December compared to the same period a year earlier. This figure is a steeper drop than the 0.44% year-on-year decrease seen in the preceding month. Contrasting with the anticipated 0.30% fall for December as per a Reuters poll, the actual result was…

  • Economy NewsThailand-China visa-free deal to boost Chinese tourist influx by 57%

    Thailand-China visa-free deal to boost Chinese tourist influx by 57%

    The visa-free arrangement between Thailand and China, effective from March 1, is predicted to cause a 57% surge in Chinese visitors this year, boosting the total foreign arrivals to 33 million. Analysts suggest this development offers an opportunity for investors to gradually accumulate travel stocks. Thai Prime Minister Srettha Thavisin announced the reciprocal visa-free scheme on Tuesday, January 2, following…

  • Business NewsBolt boosts safety in Thailand with new app features

    Bolt boosts safety in Thailand with new app features

    European mobility company Bolt strengthened its safety protocols in Thailand by introducing new measures designed to support both drivers and riders. A new feature, driver selfie verification, has been added to the ride-hailing application to minimise instances of driver impersonation and bolster safety for all users. In addition, Bolt launched an innovative trip safety monitoring feature. This facility allows the company…

  • Tourism NewsThailand’s tourism operators question 40 million visitors target

    Thailand’s tourism operators question 40 million visitors target

    The government’s ambitious target of attracting 40 million foreign visitors is viewed as daunting by Thailand tourism operators, considering factors such as high travel costs, diminished demand in big markets such as China and Russia, and competition from surrounding nations. Thanet Supornsahasrungsi, who heads the Association of Chon Buri Tourism Federation, pinpointed the stagnant Chinese market as a significant issue,…

  • Business NewsThai e-commerce faces shake-up due to new revenue department mandate

    Thai e-commerce faces shake-up due to new revenue department mandate

    Thailand’s e-commerce industry is set for a shake-up following a recent decision by the Revenue Department to mandate digital platforms to report income earned from their online sellers. Analysts predict that this may result in a 10% reduction in the number of online shops on platforms, as some merchants may resist revealing their true earnings. The move is aimed at…

  • Business NewsPotential lithium reserves discovered in Phang Nga for EV industry

    Potential lithium reserves discovered in Phang Nga for EV industry

    The Department of Primary Industries and Mines has identified potential lithium reserves in Phang Nga’s Takua Thung district, which could be instrumental in catering to the growing demands of the electric vehicle (EV) industry. Initial surveys indicate the presence of the element in the Ruangkiet area, where pegmatite, a rock from which lepidolite is derived, was discovered. Lepidolite is a…

  • Business NewsThailand’s fruit exports projected to increase by 4% in 2024

    Thailand’s fruit exports projected to increase by 4% in 2024

    Expectation for a 4% increase in the volume of fresh and processed fruit exports this year has been projected by the Commerce Ministry, driven by a strong demand. Commerce Minister Phumtham Wechayachai, after a meeting with ministry officials and fruit-related representatives, expressed optimism about fruit exports. The ministry predicts a 4% increase in both volume and value of fresh and…

  • Business NewsThailand’s tourism authority faces challenge to boost foreign arrivals

    Thailand’s tourism authority faces challenge to boost foreign arrivals

    With a significantly decreased budget from its 2019 benchmark, the Tourism Authority of Thailand (TAT) faces the daunting task of increasing foreign arrivals from 28 million in 2023 to 40 million in just a year. The drastic goal was deliberated on Tuesday when Chai Wacharonke, a government spokesperson, revealed potential plans to boost arrivals to this figure, spurred by new…