The Finance Ministry is considering the introduction of a two-tier value-added tax (VAT) rate that could generate additional revenue of more than 100 billion baht, says a ministry source who requested anonymity. The source said the Fiscal Policy Office studied the two-tier VAT system a long time ago. The system uses the current VAT rate of […]
Read MoreEconomists forecast the value of the baht could plunge to 38 to the US dollar this year, mainly attributed to a stronger dollar as the Federal Reserve pursues a hawkish monetary policy. Kobsidthi Silpachai, head of capital markets research at Kasikornbank (KBank), predicts the baht will depreciate to a range of 36.50-38 against the greenback […]
Read MoreRECAP: Asian markets fell again yesterday and the dollar extended gains amid a global sell-off fuelled by growing recession fears as central banks around the world ramped up interest rates to fight decades-high inflation. Despite the challenges, analysts think the Thai equity market will benefit from an improving economic outlook as the Covid threat recedes and tourism […]
Read MoreThe government plans to borrow 2.23 trillion baht (US$60 billion) in the fiscal year starting Oct 1, about 3% less than its target this year, as the Southeast Asian nation rolls back Covid-related spending, according to people familiar with the matter. The debt-raising will include 793.6 billion baht of fresh borrowing to meet the fiscal […]
Read MoreThailand has been transporting more cargo to China by rail since the opening of the Laos-China railway. The shorter time required to carry products by rail has resulted in a rise in Thai exports to China. Thai PBS reports that Laos, Thailand, and China are thinking about building a new railway bridge, running parallel to the first […]
Read MoreHANOI: Vietnam is not in a deal with Thailand to jointly raise rice prices, Le Minh Hoan, Vietnam’s Agriculture and Rural Development Minister Le Minh Hoan said on Thursday. The two Southeast Asian countries’ agriculture ministries “have only conducted general cooperation activities,” the agriculture minister said in a statement during a government meeting in Hanoi. The […]
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