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Thai Summit awaits EEC clarity

Thai Summit Harness Plc, a subsidiary of auto parts maker Thai Summit Group, is still awaiting clearer details about the Eastern Economic Corridor (EEC) before expanding in the region, particularly with regard to electric vehicles (EVs), says executive vice-president Saroge Vasuvanich. He said the company plans an increase in efficiency of projects and R&D to […]

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Cambodia, Thailand reach tax deal

Cambodia and Thailand yesterday agreed to seek more strategies to boost bilateral trade, cross border development and investment to achieve the target of $15 billion in trade exchange between the two Asean neighbours by 2020. Both countries also reached an agreement on double tax avoidance and preventing the declaration of fraudulent income to avoid tax […]

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Thailand signs contracts for HSL to Laos

THAILAND’s government has signed two contracts worth a combined Baht 5.2bn ($US 157.1m) with Chinese state enterprises for the first phase of the Bangkok – Laos high-speed rail project. The first contract encompasses the detailed design of the 250km first phase of the project between Bangkok and the northeastern province of Nakhon Ratchasima and is […]

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Thailand: Private sector stays cautious on exports

Thailand’s top business group is keeping this year’s export forecast at 3.5-4% as it remains cautious over a number of downside risks. Predee: Some factors still need monitoring The group is set to review the forecast at the next meeting in October. “Although there’s a greater chance that exports might register higher-than-expected value this year, […]

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Thailand-Cambodia: Double-tax waiver draft approved

The cabinet yesterday approved a draft agreement for an exemption from double taxation between Thailand and Cambodia, aiming to promote investment links with the private sectors of the neighbouring nations. According to Kobsak Phutrakul, assistant minister to the Prime Minister’s Office, once in effect the deal will play a key role in enhancing Thai investment […]

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