Kasikornbank (KBank) expects its small and medium-sized enterprise (SME) loans this year to grow at a slower pace than last year’s 4-6% because of thin loan demand amid an uneven economic recovery, says a senior official. The bank’s 2017 SME loans will grow at a similar rate to the first quarter’s 1-2%, said senior executive […]
Read MoreThe Commerce Ministry is scheduled to hold a meeting with consumer goods makers and big retailers today to discuss the product price structure and clarify indirect price hikes alleged by consumers. Deputy Commerce Minister Sontirat Sontijirawong said the Internal Trade Department has been tasked with holding the joint meeting after consumers complained about being charged […]
Read MoreInvestment proposals dropped 31% in the January-March period from a year earlier, but the state investment promotion agency expects they will quicken later this year, the agency chief said on Tuesday. Thai and foreign investors submitted investment applications worth a total of 62 billion baht in the first quarter of 2017, Hirunya Suchinai, secretary-general of […]
Read MoreDoes it make sense to impose a new tax on cross-border e-commerce transactions in Thailand to tackle profit shifting and tax avoidance by multinational firms? The government, for obvious reasons, certainly thinks so. Industry experts, however, may need some convincing. Thailand is making inroads into new tax rules with the government seeking what it terms […]
Read MoreConsumer confidence surged for a fifth straight month in April to the highest level in 25 months, driven by stronger exports, rising farm prices and growing tourism. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index rose to 77 points last month from 76.8 points in March and […]
Read MoreThailand’s food exports are unlikely to see many negative effects from US President Donald Trump’s protectionist trade policies, according to the International Trade Promotion Department. Malee Choklumlerd, the department’s director-general, said yesterday after a workshop on food and crop shipment prospects that the ministry was still confident in its 5% growth target for 2017, up […]
Read More
Thailand
