A strong baht is expected to hurt inbound tourism by driving up the cost of travel and narrowing industry margins, say public and private players in the tourism sector. The Tourism and Sports Ministry revealed yesterday the baht in the year to date has appreciated by 14% against the pound sterling, 8% against Malaysia’s ringgit, […]
Read MoreThailand plans to promote the northeastern city of Mukdahan to be a trading and logistics centre of Asean, expecting to pour investment into infrastructure in the province to help increase annual border trade to 200 billion baht by 2019. Mukdahan governor Sorasit Ritsorakai said the area is in a perfect location to make use of […]
Read MoreThe Asean+3 Macroeconomic Research Office (Amro) is upbeat that the Thai economy will remain on solid footing, and policymakers stand ready to adopt both fiscal and monetary policies to support the economy if needed. Thailand’s growth potential is also sound, said Hoe Ee Khor, chief economist at Amro. The office forecasts the Thai economy will […]
Read MoreAnnual headline consumer prices dropped in May for the first time in 14 months, due mainly to last year’s high comparative figure, government data showed on Thursday. The fall gives the central bank room to keep interest rates low to aid economic recovery. Headline consumer prices dipped 0.04% in May to stand at 100.64 points, compared […]
Read MoreWhat if a company were required to file a corporate income tax return for each place of business using the same method as for filing a VAT return? As provocative as it sounds, the question is no longer hypothetical. Last month, the National Legislative Assembly considered a report from the Economic and Finance Commission that […]
Read MoreA draft bill on taxing e-commerce operators and social media networks will go before the cabinet this month, a step to ensure that the law will be enforced under the current government. The draft bill requires financial institutions, which now act as intermediaries for money transfer, to withhold tax at a rate of 5% for […]
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Thailand
