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Thailand: Minimum wage deduction set to rise

The Finance Ministry will soon seek cabinet approval to temporarily raise tax-deductible expenses for the minimum wage paid to employees to 1.15 times from 1 at present, an adjustment that can absorb employment costs of 9-10 baht a day per employee if it wins the nod, says Finance Minister Apisak Tantovorawong. The government will lose […]

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Thailand: Stronger baht may curb export outlook

Exporters look set to cut their forecast for the country’s export growth because of the baht’s appreciation and emerging protectionist trade measures. Wisit Limluecha, vice-president of the Thai National Shippers’ Council, which represents a group of Thai exporters, said the council is monitoring the baht’s movement and the impact of nascent trade measures in foreign […]

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Best-performing Thai health stock to tap Myanmar for growth

Thonburi Healthcare Group Plc, the top-performing health stock this year, expects to open a hospital in Yangon by June to bolster the company’s earnings outlook. The $75-million, 200-bed facility is part of an 8-billion-baht investment plan through 2020 to expand services in Thailand and other Southeast Asian nations, Thonburi Healthcare chairman Boon Vanasin said in […]

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Thailand: Local impact likely from Trump tariffs

The government says Thai shipments of washing machines and solar cells will take a hit from recently approved US tariffs designed to protect American manufacturers. Wanchai Varavitha, deputy director-general of the Foreign Trade Department, said Thailand enjoyed continuous export growth in the two items from 2012 to 2017. According to the Customs Department, export value […]

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