THE EXPORT-IMPORT Bank of Thailand plans to open two more representative offices in Laos and Cambodia at the end of this year and early next year to double loans for Thai investors expanding into Indochina. Vietnam is the next step, president Pisit Serewiwattana said after the opening of Exim Bank’s first rep office in Yangon […]
Read MoreThailand’s new economic model of an “aerotropolis” — a community where the layout, infrastructure and economy is centred around an airport — is expected to help attract up to 200 billion baht in new investment to the Eastern Economic Corridor (EEC), says the Industrial Estate Authority of Thailand. IEAT governor Veerapong Chaiperm said the model […]
Read MorePrime Minister Prayut Chan-o-cha on Thursday defended the proposed 450-billion-baht budget deficit for fiscal year 2018 while stressing the government’s spending plan is aimed at strengthening the country, not consolidating the regime’s power. In his address to the National Legislative Assembly (NLA) Gen Prayut said the 2.9-trillion-baht budget is a tool to drive national development […]
Read MoreNo new loans extended by the Small and Medium Enterprise Development Bank of Thailand (SME Bank) have turned sour year-to-date, and the state-owned bank’s bad loan ratio is expected to continue to fall to 17% at year-end. None of the bank’s new loan borrowers have failed to repay their debt since the beginning of the […]
Read MoreTourist arrivals rose to 14.3 million during the first five months of this year, an increase of 2.7% year-on-year, according to the Tourism Authority of Thailand. TAT governor Yuthasak Supasorn said an improved tourism image was a factor supporting the growth visitor numbers, coupled with the new flight connections with countries such as Russia, Scandinavia […]
Read More(KPL) Laos and Thailand have agreed to double bilateral trade and investment over the next five years from 2017-2021. The agreement was made at a bilateral meeting of the two governments between Deputy Prime Minister and Minister of Finance of Laos Somdy Douangdy and Thai Deputy Prime Minister Somkid Jatusripitak held in Vientiane Capital last […]
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