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Thailand: BoT raises GDP forecast, holds rate

The Bank of Thailand’s Monetary Policy Committee (MPC) raised its economic growth forecast for this year because of expanding exports and tourism, but it kept the policy interest rate unchanged yesterday as widely expected. The economic growth forecast for this year was increased to 3.8% from 3.5%, while next year’s growth forecast was also given […]

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Thailand: Law aims to tax internet firms

Thailand is in the process of amending the e-transactions law to mandate gigantic internet advertising firms such as Google, YouTube, Facebook, and Line create a legal entity. The move aims to tackle government revenue loss for online advertising, which is estimated to be more than 5 billion baht per year. “Amendment of the e-transaction law […]

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Koreans eye Thailand to cut China risk

South Korean companies are keen to invest in Thailand, particularly the Eastern Economic Corridor (EEC), and making the country their production hub for the Asean and Asian regions, according to the Korea Trade-Investment Promotion Agency (Kotra). Kotra deputy director-general Kim Nam-Wook said many South Korean companies are keen to move out of China to get […]

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