The land and buildings tax to be levied on vacant land will increase by 0.5 percentage points every three years until it is capped at 5%, says Deputy Finance Minister Wisudhi Srisuphan. The change in taxation is aimed at prompting landlords to use their land. The incremental tax rate will take decades to hit the […]
Read MoreSA KAEO – Border trade between Thailand and Cambodia through the eastern province rose by 12.71% month-on-month in January, with a 3.34% decline in Thai exports to the neighbouring country and an 89.48% increase in imports. The value of trade through the Aranyaprathet checkpoint amounted to 6.45 billion baht, increasing by 727 million baht or […]
Read MoreBusiness communities and the governments of Thailand and Myanmar have agreed on bolstering cross-border trade by improving existing channels and developing new routes, and with an emphasis on the exchange of data and a new cross-border SEZ. State Counsellor Aung San Suu Kyi met with Thailand’s Deputy Prime Minister Somkid Jatusripitak in Nay Pyi Taw […]
Read MoreBANGKOK: Thailand’s central bank held its key interest rate near a record low to shield the nation’s economic recovery as the threat of trade protectionism mounts. The one-day bond repurchase rate was left at 1.5%, with monetary policy committee members unanimously in favor, the Bank of Thailand said in Bangkok. All 22 economists surveyed by […]
Read MoreKasikornbank (KBank), Thailand’s fourth-largest lender by assets, aims to lend 1.5 billion baht this year to corporate customers who invest in Cambodia after officially launching a full-service branch in the country. Large Thai companies in need of financial support for expansion into Cambodia are the bank’s targets, said president Predee Daochai. KBank’s new Cambodian branch will […]
Read MoreThai businesses are being urged to prepare for a possible trade war ignited by the protectionist policies of US President Donald Trump by diversifying into other markets. Somkiat Tangkitvanich, president of the Thailand Development Research Institute (TDRI), said yesterday that while Thailand is less exposed to US protectionism than other Asian countries, it could face […]
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