Thailand’s top business group is keeping this year’s export forecast at 3.5-4% as it remains cautious over a number of downside risks. Predee: Some factors still need monitoring The group is set to review the forecast at the next meeting in October. “Although there’s a greater chance that exports might register higher-than-expected value this year, […]
Read MoreThe retail industry has seen a slowdown in its pace of growth in the past year. On a global level, retail expansion went from a 3.1% increase of new retailers in 2015 to a 2% increase in 2016. While the Asia-Pacific region remains a popular choice for retail expansion, there was a 16% year-on-year decrease […]
Read MoreThe cabinet yesterday approved a draft agreement for an exemption from double taxation between Thailand and Cambodia, aiming to promote investment links with the private sectors of the neighbouring nations. According to Kobsak Phutrakul, assistant minister to the Prime Minister’s Office, once in effect the deal will play a key role in enhancing Thai investment […]
Read MoreAlthough the Thai government and several organisations are optimistic about Thai exports, the Thai National Shippers’ Council (TNSC) remains pessimistic and is keeping its annual export growth outlook unchanged at 5%, saying several potential hiccups could disrupt exports before the year’s end. Exporters are still concerned about uncontrollable factors that could hurt shipments, particularly the […]
Read MoreA draft bill would waive capital gains and corporate income taxes for venture capital and angel investors in a bid to spur interest in local startups. The bill will go before the cabinet this year, said Chinawut Chinaprayoon, director for new ventures at the National Science Technology and Innovation Policy Office. The tax incentives are […]
Read MoreThailand’s annual exports are expected to grow no more than 5% in the fourth quarter as a strong baht has affected trade competitiveness, the Thai National Shippers’ Council said on Monday, as the currency hovered at 28-month highs against the dollar. The group predicts exports will rise 5% for the whole of 2017, Visit Limluecha, […]
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