The Bank of Thailand raised its forecasts for 2017 economic growth and exports while leaving the key interest rate where it has been for nearly two years. As expected, the Monetary Policy Committee (MPC) on Wednesday voted unanimously to keep the one-day repurchase rate at 1.5%, where it has been since April 2015, a quarter-point […]
Read MoreInvestment continues to flow into special economic zones (SEZs), with 40 projects worth 8.54 billion baht applying for promotional privileges from the Board of Investment (BoI) as of Feb 28. Porametee Vimolsiri, secretary-general of the National Economic and Social Development Board (NESDB), said of the total applications, 22 projects with 3.541 billion baht worth of […]
Read MoreCondo prices in the peripheral area of Bangkok are expected to remain stable, while prices in the central business district (CBD) and city fringe will increase slightly because of limited new supply, says property consultant Knight Frank Thailand. Condo prices in the suburban areas of Bangkok will remain stable, but developers will have to conduct market […]
Read MoreCafé Amazon, the coffee shop brand of Thai oil giant PTT, has become one of the fastest-growing chains in Cambodia since arriving four years ago, with new outlets opening both inside PTT petrol stations and as franchised stand-alone shops. The Post’s Matthieu de Gaudemar sat down with Suthon Choothian, managing director of PTT Cambodia, to […]
Read MoreExports from Thailand and Malaysia will continue to grow thanks to the rapid economic expansion driving demand in the CLMV (Cambodia, Laos, Myanmar and Vietnam) countries and weak currencies, while economic recovery in both countries will continue to support bilateral trade, say experts. Malaysia’s economy is projected to expand by between 4% and 4.5% this […]
Read MorePeople owning second homes may face land and buildings taxes in the range of 0.03-0.1% of the appraisal price, depending on the value of the property, says an informed source at the Finance Ministry. Second homes will be charged from 0.03% for those with appraisal prices of up to 50 million baht, 0.05% for homes […]
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Thailand
