A weaker baht is supporting Thailand’s post-pandemic tourism recovery, which is key to shoring up the nation’s economic performance, according to Finance Minister Arkhom Termpittayapaisith. “Thailand is value for money,” Mr Arkhom said in an interview on the sidelines of the Asia-Pacific Economic Cooperation (Apec) finance ministers’ meeting in Bangkok, highlighting the nation’s appeal to travellers […]
Read MoreThailand should see economic growth of 3 to 3.5% this year, driven by the key export and tourism sectors, Finance Minister Arkhom Termpittayapaisith said in an interview on Wednesday. Mr Arkhom, who was speaking on the sidelines of a meeting of finance ministers from the Asia-Pacific region (Apec), said the economy was expected to grow 3.7% […]
Read MoreDepositors will only be able to use plastic cards at cash deposit machines (CDMs) under the Anti-Money Laundering Office’s (Amlo) new regulations. The requirement takes effect on Nov 15. Consumers can currently deposit money at CDMs by either inserting their plastic card or merely entering a bank account number. The new Amlo rule means cash […]
Read MoreThe cabinet on Tuesday agreed to a waiver of personal income tax for foreign actors and actresses for five years, aiming to generate more than 3.5 billion baht in revenue from investments in foreign film productions. Deputy government spokeswoman Tipanan Sirichana said the cabinet approved the Finance Ministry’s new Revenue Code to attract predicted investment of at […]
Read MoreThailand’s e-commerce is expected to post US$23 billion in gross merchandise value (GMV) this year, up 18% year-on-year, but the growth is much smaller than the previous year, weighed down by economic headwinds, according to a new survey by Facebook parent firm Meta and consultancy Bain & Company. The country’s e-commerce is predicted to grow to […]
Read MoreThe Finance Ministry is considering new measures to encourage spending in a bid to maintain the Thai economic recovery, according to Pornchai Thiraveja, director-general of the Fiscal Policy Office (FPO). He said the ministry will consult the FPO on the possible measures soon. Mr Pornchai added that he expects other ministries to unveil their own measures to […]
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