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Thailand: BoT worried over possible rise in NPLs

The Bank of Thailand (BoT) is concerned with the expected higher number of non-performing loans (NPLs) of tourism-related businesses in the second quarter of this year because of the the third wave of Covid-19. Both the BoT and financial institutions are concerned about rising NPLs in the tourism sector and tourism-related businesses, including aviation, transportation, […]

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China-ASEAN Expo to be held online, offline in September

The 18th China-ASEAN Expo will take place both online and offline in Nanning, capital of South China’s Guangxi Zhuang autonomous region, in September, the organizer said. This year marks the 30th anniversary of dialogue relations between China and the Association of Southeast Asian Nations. This year’s expo will help expand the platform functions of the […]

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Thailand: Revenue Department eyes collection gap

The Revenue Department is concerned that its collection of corporate income tax in the fiscal year 2021 will fall short of its target as listed companies’ profits last year are expected to be 40% lower than the previous year, said the department’s director-general Ekniti Nitithanprapas. Listed companies’ corporate income tax accounts for 30% of the […]

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