Bangkok: Thailand’s informal economy, accounting for nearly 50% of the country’s GDP, presents a significant opportunity for reform, according to Thai economist Dr. Anusorn Thammajai. The shadow economy's exclusion from official calculations results in inaccurate GDP data, complicating economic planning and policy-making.
Dr. Anusorn, Dean...
Lede: The competition for Thailand's virtual banking licences has intensified, with five major business groups confirming their interest ahead of the submission deadline. The Bank of Thailand and the Ministry of Finance will issue an unspecified number of licences, with the winners set to...