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Thai business shuns regime, invests overseas

Thai businesses invested a record $13 billion (442 billion baht) abroad in 2016, dwarfing inflows of $1.6 billion (54.4 billion baht), according to the United Nations Conference on Trade and Development. Investment abroad totalled $2.9 billion (98.6 billion baht) in January to April, according to the central bank. This was a unique Thai action. In […]

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Thailand plans to sign electricity accord with Laos and Malaysia

THAILAND is preparing to sign a tripartite electricity-trading agreement with two neighbouring countries at the upcoming Asean Ministers of Energy Meeting. Energy Ministry permanent secretary Areepong Bhoocha-Oom said the agreement would pave the way for the Laos-Thailand-Malaysia electricity deal, enabling the Asean Power Grid to materialise. “The agreement will be for the sale and purchase […]

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Thailand: State upbeat on meeting export target

The Commerce Ministry is maintaining its 2017 export growth target of 5% amid gripes from some quarters in export sector about the stronger baht. Commerce Vice-Minister Winichai Chaemchaeng said that while the baht continued to rise further against the US dollar, the strengthening of the currency has so far had minimal impact on total Thai […]

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Thailand: Parsing e-commerce tax options

E-commerce, the online trading phenomenon breaching global boundaries, has enabled companies and even individual vendors to increasingly engage in transactions with customers without any of the contacts traditionally associated with sales of goods and services. With an estimated value that runs into trillions of baht a year, it’s little surprise that the Revenue Department has […]

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Thai border crossing upgrade

Thailand will upgrade a temporary border crossing in Khlong Hat district in Sa Kaeo Province to a permanent checkpoint to boost border trade and security in the region. Sa Kaeo governor Klanarong Pongcharoen, was quoted in the Bangkok Post, as saying that the sub-committee on border checkpoints under the National Security Council had approved the […]

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Thai investors urged to expand in neighbouring countries

Labour-intensive industries, agricultural processing, electricity, garments, hospitality, retail, and spa are potential sectors where Thai investors can expand their investments in CLMV (Cambodia, Laos, Myanmar, and Vietnam), private experts who have invested in the CLMV countries said. “We welcome Thai investors to expand their investment in agriculture, organic farmer, energy, tourism, and hospitality business,” Phouvong […]

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