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Thailand: Investment pledges jump 140% in Jan-Sept

Thailand’s overall investment applications from January to September jumped 140% from a year earlier to 521 billion baht, already exceeding those of the whole of last year, the investment agency said on Monday. The combined foreign direct investment (FDI) project pledges more than tripled to 372 billion baht in the first nine months of this […]

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Thailand: Tax cut for foreigners mulled

The Revenue Department has considered lowering the personal income tax for foreign experts to 17% as part of measures to woo highly skilled professionals to work in Thailand, says director-general Ekniti Nitithanprapas. Thailand’s personal income tax rate is progressive, varied by salary level. Those with annual income from 150,001 baht to 300,000 baht are subject […]

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Thailand: FTI wary of oil price surge, baht

The Federation of Thai Industries (FTI) has asked the government to carefully deal with two key economic issues — the global oil price surge and baht depreciation — to avoid a greater burden on the pandemic-plagued economy. Higher oil prices will increase production costs and the price of goods, while a sluggish economy will partly […]

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Thailand: Digital payments surge from pre-coronavirus level

Digital payments have quadrupled from pre-pandemic levels, the Bank of Thailand said on Monday, as the country’s longest-running wave of infections accelerates demand for online services. Thailand’s latest outbreak started in April, accounting for more than 98% of its Covid-19 cases and deaths, prompting tougher restrictions in July and August that reduced mobility. The number […]

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