Thai shippers have downgraded the country’s export outlook to a 10% contraction, deeper than the previous forecast of an 8% drop, with the finger pointed at the coronavirus crisis and the strong baht. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said weakening purchasing power and the ailing economies of key trading partners were […]
Read MoreAsian equities could benefit from a return of foreign fund inflows, but the stock market remains volatile depending on the economic recovery and the pandemic situation, says Principal Asset Management. Chief investment officer Win Promphaet said foreign capital inflows will return through exchange-traded funds (ETFs) investing in Chinese and other Asian equities. Foreign inflows were […]
Read MoreSince Siem Reap province publicised “its reopening” last month, the Ministry of Tourism has announced new safety guidelines and codes of conduct for tourism businesses to prevent the spread of COVID-19 and attract domestic tourists. Khmer Times visited the famous temple town this week to report from the ground the current state of the once-tourism hotspot […]
Read MoreThe Excise Department’s sales tax cut is expected to cost the government less than 1 billion baht in forgone revenue, says the department’s chief. The lost revenue is insignificant because some of the relevant items already imposed taxes at low rates and others have seen the deadline for lowered tax extended, said director-general Patchara Anuntasilpa. […]
Read MoreRemoving the value-added tax (VAT) exemption for goods of up to 1,500 baht per parcel and imported through the post is crucial to levelling the playing field for local vendors, particularly small and medium-sized enterprises (SMEs), says the Revenue Department. The VAT exemption is unfair to local SMEs because trade is now borderless and scrapping […]
Read MoreKUALA LUMPUR: Malaysia’s central bank on Tuesday cut its key interest rate for a fourth straight meeting to a historic low, as Southeast Asia’s third-largest economy grapples with the coronavirus pandemic and faltering demand for its exports. Bank Negara Malaysia (BNM) eased its overnight policy rate by 25 basis points to 1.75%. A slim majority […]
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Thailand
