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US tariffs on China judged to support Thai export growth

The latest round of US tariff hikes on an additional US$200 billion (6.49 trillion baht) worth of Chinese goods is expected to help Thai exports, offering opportunities to replace the Chinese products in the US market, according to a Commerce Ministry study.  Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, […]

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Thailand: Cabinet approves VAT payback for poor

The cabinet has approved a value-added tax (VAT) payback plan for welfare recipients.  The scheme is intended to create more disposable income for low-income earners while strengthening their purchasing power.  The six-month scheme, capped at 500 baht a month, will start in November next year.  Based on the current 7% VAT rate, welfare smart card […]

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Thailand – IHS: 600,000 EVs here by 2030

London-based IHS Markit, a global information provider, forecasts the overall electric vehicle (EV) fleet in Thailand to reach 600,000 cars by 2030.  Thailand is the major EV market in Southeast Asia, where the total is expected to hit 900,000 cars regionally in the same time frame from 40,000 projected in 2018, said research analyst Siri Kanjanasiri, […]

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Thailand: Five key themes for investors in the upcoming years

Angry societies, infrastructure, technology, silver economy and millennial values will be the five key investment themes for investors in the upcoming years, said Pornchai Prasertsintanah, Thailand’s country manager and head of South Asia Equities of Credit Suisse Securities (Thailand) Ltd. Credit Suisse Securities (Thailand) Ltd, has three businesses: institutional equities brokerage, investment banking and wealth […]

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