Thailand’s sovereign bonds don’t yield much more than US Treasuries, they cost less to insure than Spanish notes and its currency is more stable than China’s managed yuan. In a sign of how the flood of money into emerging markets is upending conventional wisdom, military-run Thailand with a credit rating just three levels above junk at Moody’s […]
Read MoreThe government aims to achieve 10% growth in tourism income, or roughly 3 trillion baht, next year, by rolling out various tourism promotion packages to attract both Thai and foreign tourists to explore new destinations and promote longer stays in Thailand. The country’s tourism income has grown 8% already this year, compared to average annual […]
Read MoreWith centuries-old ancestral ties and various resources to tap into, Thailand is an enticing target for Chinese investors looking at Southeast Asia’s second-largest economy. Chinese capital has flooded domestic industries in the forms of joint ventures or wholly-owned subsidiaries, with blessing from the Thai government blessing. E-commerce footprint By Suchit Leesa-nguansuk Chinese investment flowing into Thailand’s […]
Read MoreThai Summit Harness Plc, a subsidiary of auto parts maker Thai Summit Group, is still awaiting clearer details about the Eastern Economic Corridor (EEC) before expanding in the region, particularly with regard to electric vehicles (EVs), says executive vice-president Saroge Vasuvanich. He said the company plans an increase in efficiency of projects and R&D to […]
Read MoreCambodia and Thailand yesterday agreed to seek more strategies to boost bilateral trade, cross border development and investment to achieve the target of $15 billion in trade exchange between the two Asean neighbours by 2020. Both countries also reached an agreement on double tax avoidance and preventing the declaration of fraudulent income to avoid tax […]
Read MoreTHAILAND’s government has signed two contracts worth a combined Baht 5.2bn ($US 157.1m) with Chinese state enterprises for the first phase of the Bangkok – Laos high-speed rail project. The first contract encompasses the detailed design of the 250km first phase of the project between Bangkok and the northeastern province of Nakhon Ratchasima and is […]
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