MANILA, Philippines – Investment pledges approved by the Philippine Economic Zone Authority (PEZA) continued to rise significantly, buoyed by optimism on the current administration and the country’s sound economic fundamentals. PEZA director general Charito Plaza said yesterday projects approved by the agency soared 89.4 percent in the seven months to July to P132.66 billion from […]
Read MoreThe private sector remains concerned about a draft bill on the land and buildings tax, particularly about a provision that lets local authorities handle price appraisals, which may result in inconsistent treatment. They are also worried about the readiness of local administrations in terms of the number of staff to perform the various duties such […]
Read MoreEven though household debt has been quite stable, massive leverage will continue to weigh on economic growth over the next few years, warns a high-ranking official at the Bank of Thailand. “The problem of high household debt remains with us, and I think it will remain a drag on consumption for the next few years,” […]
Read MoreVarious Japanese organisations expect electric vehicles (EVs) to be commercially available in Thailand by 2025 when all of the required infrastructure, facilities and technology has been put in place. Satoshi Nishino, director of the automotive bureau at Japan’s Ministry of Economy, Trade and Industry, said Thailand is developing the technology and infrastructure to support the […]
Read MoreThe improving growth outlook and increased financial stability risks from a further rate cut were key reasons for the central bank’s decision to hold the policy interest rate steady this month, minutes from the meeting show. The Bank of Thailand’s Monetary Policy Committee unanimously voted to keep the one-day repurchase rate at 1.50% on Aug […]
Read MoreAction will be taken against those who do not adhere to a new kyat payment rule when dealing in domestic transactions. This includes trade at the border areas, Vice Governor of the Central Bank of Myanmar (CBM) U Bo Bo Nge said on August 28. “To reduce the use of Thai baht in local payments […]
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Thailand
