Bank of Ayudhya Plc said on Wednesday that it will acquire SHB Finance in Vietnam from Saigon-Hanoi Commercial Joint Stock Bank for 5.1 billion baht. “We are very pleased to announce that we have signed agreements with SHB to acquire a 100% stake in SHB Finance, SHB’s consumer finance subsidiary,” Bank of Ayudhya President Seiichiro […]
Read MoreMore than 60,000 factories are hit by a spike in costs due to the government’s Covid-19 prevention measures that have been enforced in provinces with a high infection rate, Wisit Limleucha, vice president of the Federation of Thai Industries (FTI), said on Wednesday. The government has stipulated that factories in “dark red” provinces, having more […]
Read MoreThe baht opened at 32.71 to the US dollar on Thursday, unchanged from Wednesday’s closing rate. The Thai currency is likely to move between 32.60 and 32.80 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon expected the baht to strengthen in the short term amid hopes of an economic recovery. The government […]
Read MoreThe cabinet on Tuesday approved the extension of the 7% value-added tax (VAT) rate for another two years to help reduce the financial burden of consumers, enhance business confidence and boost economic recovery. Rachada Dhanadirek, a deputy government spokeswoman, said the 7% VAT will be retained until Sept 30, 2023. The 7% tax rate, which […]
Read MoreThe government plans to turn 10,000 rai of Sor Por Kor land in three provinces that form the Eastern Economic Corridor (EEC) into herb plantations growing cannabis, hemp and fa talai jone, under a project to develop and add value to Thai agricultural products. Fa talai jone (green chiretta) is a medicinal herb currently in […]
Read MoreThe Public Health Ministry is seeking approval from the Centre for Covid-19 Situation Administration (CCSA) to allow restaurants to reopen to fully vaccinated diners as new infections have declined in the past few days. “The Covid-19 situation appears to be improving. Certain restrictions should therefore be lifted,” said Kiattiphum Wongrajit, permanent secretary for public health, […]
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Thailand
