The economy is on course for continuous recovery driven by increasing tourism activities and active private consumption, with the growth rate expected to return to pre-Covid level by the end of this year or beginning of 2023, according to Anucha Burapachaisri, the government spokesman. He cited forecasts by the International Monetary Fund (IMF) and the Bank […]
Read MoreRising prices of goods and services are expected to stabilise as inflationary pressure has been easing since the peak of headline inflation in the third quarter, according to executives of the Bank of Thailand. The higher rate of inflation has mainly come from supply shocks which will ease in line with the slowdown in global commodities […]
Read MoreAmazon Web Services (AWS),the cloud computing division of Amazon.com Inc, said on Monday it plans to invest $5 billion (190 billion baht) in Thailand over the next 15 years to strengthen its infrastructure in the country. The investment would include construction of data centers and purchase of goods and services from regional businesses, AWS said in […]
Read MoreThailand’s economy will continue to recover this year and in 2023 and gradual interest rate hikes remain appropriate though the policy can be adjusted if the outlook shifts from forecasts, the Bank of Thailand said on Monday. Economic growth is projected at 3.3% this year and 3.8% next year, the BoT said in a statement for […]
Read MoreSome long-standing tax deduction and tax benefit measures should be reviewed, says Revenue Department director-general Lavaron Sangsnit. He did not specify which measures, but hinted some that are older or deemed too generous need a rethink. Mr Lavaron said the department’s revenue collection in fiscal 2022 is expected to exceed the target by 260 billion […]
Read MoreThe Thai government has announced that it will provide work permits and visas to Lao nationals so that they can remain in the country legally and continue working for the next two years. The government is currently operating assistance centers across Thailand for helping Lao employees with purple cards (work permits) to continue working in the country […]
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Thailand
