The government has raised its forecast for the country’s inflation rate this year to 0.7-1.7% from 0.6-1.6% as an improving economy and daily minimum wage hike are expected to push up consumer prices. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said the rates will also be boosted by a growing global economy, […]
Read MoreSmall and medium-sized enterprises (SMEs) with annual sales of up to 100 million baht in 17 provinces where the daily minimum wage will be raised by an average of five baht will enjoy a double windfall from the government’s measure that lets them deduct expenses for minimum wages. The tax deduction is 1.15 times expenses, […]
Read MoreThe central bank said on Thursday it has eased rules to allow more retail investors to directly invest in overseas securities, a move that comes as it tries to slow a strong baht currency. Individuals with assets of at least 50 million baht ($1.60 million) but less than 100 million baht can now invest in […]
Read MoreE-COMMERCE will boost the value of logistics business to Bt2.4 billion this year, according to a forecast by Shippop, a logistics start-up that entails several transport and logistic companies to deliver all online purchases. The firm expects to become No 1 for one-stop logistic services across Asean in 2020. Sutthikead Chantarachairoj, the chief executive officer […]
Read MoreRice exporters have voiced growing concerns about the strong baht, saying earlier projections of 9.5 million tonnes of rice shipments for this year may be hard to achieve. Charoen Laothammatas, president of the Thai Rice Exporters Association, said in light of the baht’s strength, most exporters are likely to avoid selling rice for fear of […]
Read MoreThe cabinet on Tuesday endorsed the daily minimum wage hike nationwide from April 1, an increase of 5-22 baht as approved by the tripartite national wage committee on Jan 17. It also endorsed three relief measures to ease the impact of the wage hike and upgrade the competitiveness of small and medium-sized enterprises (SMEs). Nathporn […]
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Thailand
