The economy could see lower growth in the first half than a baseline scenario due mainly to uncertainties caused by the Omicron variant of Covid, according to the Bank of Thailand. Thailand is expected to be able to control the Omicron outbreak within the first quarter, which means the pandemic’s main impact would be felt […]
Read MoreThe baht opened at 33.62 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency is likely to move between 33.50 and 33.70 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to fluctuate during the day as the dollar strengthened after investors […]
Read MoreMajor economies’ attempts to revamp the global taxation system might tackle corporate tax avoidance but could also impact Thai tax incentives granted by the Board of Investment (BoI), said the Revenue Department’s director-general Ekniti Nitithanprapas. Members of the G20 and the Organisation for Economic Co-operation and Development (OECD) are discussing a plan to reform the […]
Read MoreRetailers have called for more stimulus packages to spur spending and continued cost-reduction programmes through subsidies on power and water bills, lending rates and expenses related to the Covid-19 pandemic. According to Chatrchai Toungratanaphan, Thai Retailers Association’s vice-president, the government should introduce stimulus packages like the ‘Shop Dee Mee Khuen’ (shop and payback) scheme which […]
Read MoreEven though the tourism industry has started to see optimism from the country’s reopening on Nov 1 last year, a fresh whiplash in travel sentiment from Omicron variant has put the brakes on recovery prospects in 2022. There remain challenges for business to quickly adapt to weather the storm. The most likely scenario for Thai […]
Read MoreThe Finance Ministry is considering a revision of the import duty rates for electric vehicles (EV) to make them more affordable for consumers, says Deputy Finance Minister Santi Prompat. Mr Santi said the goal is to enable Thais to buy EVs at reasonable prices as part of the country’s EV promotion policy. Thailand’s EV import tax […]
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