FINANCE MINISTER Apisak Tantivorawong has insisted on waiving withholding tax levied on interest-based income in an excess of Bt20,000 on concerns over the possible impact on depositors, according to Revenue Department director-general Prasong Poontaneat. Prasong said the department will not abolish its exemption of withholding tax levied on the excessive amount of interest-based income of […]
Read MoreHANOI — Overnight interest rates in the inter-bank market hit a two-month high but liquidity of the banking system remained stable, a report from SSI Retail Research showed. According to the report, inter-bank rates last week increased for the past two consecutive weeks, pushing the overnight rate to hit two-month high of 0.9 per cent, […]
Read MoreCambodia as a member of the six-nation Greater Mekong Sub-region (GMS) endorsed a five-year action plan framework that includes $64 billion in projects to help the sub-region achieve inclusive growth and sustainable development. Ministers at the 22nd GMS Ministerial Conference on Friday celebrated 25 years of economic cooperation, acknowledging the achievements of an Asian Development […]
Read MoreInflation stayed at modest levels last month, though the cost of some services – including healthcare and education – continued to creep up. The trend is likely to persist, with the tepid job market and subdued economic environment expected to keep prices in check over the rest of the year. The consumer price index – […]
Read MoreHANOI — The Trans-Pacific Partnership nations have made progress toward a new free trade agreement slated for November following the US withdrawal from the pact, according to Japanese chief negotiator of the Trans-Pacific Partnership Kazuyoshi Umemoto. Umemoto was quoted by Japanese news agency Kyodo as saying so to the press on September 22 after two […]
Read MoreThe Bank of Thailand has coordinated with the Finance Ministry on probing a commercial bank that reportedly helps customers avoid paying the compulsory 15% withholding tax deducted from deposit interest income. “The Bank of Thailand acknowledges such undesirable behaviour was committed by a commercial bank and is looking into the incident to see if it […]
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