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Thailand: BoT starts siege on hot-money flows

The Bank of Thailand’s moves to counter hot-money inflows that have pushed the baht to a six-year high and the central bank’s vow to impose more measures if such speculative flows linger rattled the local currency and the stock market on Friday. The baht weakened to 30.91 per US dollar from 30.61 on Thursday after […]

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Thailand: Labour body calls for poll pledge on wages

The minimum wage hike has emerged as the latest hot potato for the ruling Palang Pracharath Party (PPRP) after labour groups piled pressure on the government not to backtrack on its election promise. Meanwhile, the Democrat Party has urged the government to adopt its income guarantee initiative to help achieve the target of raising the […]

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Thailand ‘violated customs law’

A World Trade Organisation (WTO) Panel has upheld the Philippines’ claims that Thailand has been violating international customs law. The dispute initiated by the Philippines in 2008 affects that nation’s exports of cigarettes to Thailand, according to a statement released on Friday at www.dti.gov.ph. Trade and Industry Secretary Ramon Lopez said: “This WTO dispute has been […]

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Thailand: Eased rules urged for tax on debentures

The Thai Bond Market Association (ThaiBMA) will ask the Finance Ministry to relax the regulations for tax collection on debentures. The association found that the complicated measures have affected the returns of investors. They suggested that tax collection should begin on the date of issue as opposed to the day of holding, said Tada Phutthitada, […]

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