ANY potential rate hikes would likely benefit Thai banks, especially the larger ones, said CGS-CIMB in a report on Thursday (Sep 8). Larger banks tend to have a bigger proportion of floating loans consisting mainly of corporates, small and medium enterprises (SMEs) and mortgage loans, while mid-to-small banks have a higher proportion of hire-purchase loans […]
Read MoreBANGKOK – Thailand’s goal of becoming South-east Asia’s leading trading centre for digital assets has suffered a setback, following moves by regulators to tighten rules in the wake of trading irregularities and the collapse of a major acquisition involving a crypto exchange. Trading of cryptocurrencies on Thailand’s licensed exchanges slumped to 64 billion baht (S$2.5 billion) in […]
Read MoreThe Finance Ministry is expected to ask the cabinet to extend the diesel excise tax reduction until the end of this year to ease people’s living costs, according to a ministry source who requested anonymity. The source said the ministry is considering the details of maintaining the existing diesel excise tax reduction of 5 baht per […]
Read MoreThe Energy Policy Administration Committee (Epac) has decided to continue to cap liquefied petroleum gas (LPG) at 24.87 baht per kilogramme until the end of October to ease the living costs of cooking gas users. The move causes authorities to subsidise the LPG price by 7.87 baht per kg, using money from the state’s quickly dwindling […]
Read MoreThe Revenue Department plans to propose a draft law on the exchange of financial account information of non-residents to the cabinet, according to director-general Lavaron Sangsnit. He said parliament ratified the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information on Sept 6. The agreement provides a standardised mechanism to facilitate the automatic […]
Read MoreThai Oil Plc (TOP), Thailand’s the largest oil refining company by capacity, is looking forward to pouring its investment in Vietnam, Indonesia and India, in the fields of oil refinery, lube oil and high-value petrochemical products. TOP expects bright prospects from business expansion into these countries. According to The Bangkok Post, the Thai firm has […]
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