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Thailand: Tourism, consumption lead GDP growth

The economy is on course for continuous recovery driven by increasing tourism activities and active private consumption, with the growth rate expected to return to pre-Covid level by the end of this year or beginning of 2023, according to Anucha Burapachaisri, the government spokesman. He cited forecasts by the International Monetary Fund (IMF) and the Bank […]

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Thailand: Prices set to stabilise as inflation eases

Rising prices of goods and services are expected to stabilise as inflationary pressure has been easing since the peak of headline inflation in the third quarter, according to executives of the Bank of Thailand. The higher rate of inflation has mainly come from supply shocks which will ease in line with the slowdown in global commodities […]

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Thailand: Revenue chief calls for tax measure rejig

Some long-standing tax deduction and tax benefit measures should be reviewed, says Revenue Department director-general Lavaron Sangsnit. He did not specify which measures, but hinted some that are older or deemed too generous need a rethink. Mr Lavaron said the department’s revenue collection in fiscal 2022 is expected to exceed the target by 260 billion […]

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