Despite continued outbreaks of Covid-19, foreign direct investment (FDI) is thriving, with applications in the first quarter surging 143% year-on-year in investment value. Narit Therdsteerasukdi, deputy secretary-general of the Board of Investment (BoI), said net applications filed for FDI in the period totalled 191 projects, down 17% from 231 year-on-year. However, investment value increased by […]
Read MorePhuket is set to welcome 129,000 international tourists in the first three months of the quarantine-free programme, while the government will team up with airlines to subsidise 100,000 one-way domestic air tickets, says the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said the reopening initiative — Phuket Sandbox — is expected to attract […]
Read MoreThe Brooker Group’s (BROOK) unprecedented filing to the Securities and Exchange Commission regarding its investment in cryptocurrencies marked the first time a Thai-listed company publicly announced its cryptocurrency holdings amid growing concerns over investment risks associated with these emerging assets. Before BROOK’s direct investment in cryptocurrencies, Thai-listed companies were publicly participating with cryptocurrencies only by […]
Read MoreThe International Trade Promotion Department is set on hosting more virtual trade fairs and online business activities in order to boost the country’s exports in the second half of the year. According to Somdet Susomboon, the department’s director-general, the agency is preparing a schedule of more than 30 virtual trade fairs and online business activities […]
Read MoreThe cabinet on Tuesday approved in principle a measure to allow small-and-medium-sized enterprises (SMEs) to use their software or computer programme-related expenses as a deductible on corporate income tax at the rate of two times the expense in some cases, said the Revenue Department’s director-general, Dr Ekniti Nitithanprapas. The approval is aimed at encouraging SMEs […]
Read MoreThe baht opened at 31.17 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 31.10. The Thai currency is likely to move between 31.15 and 31.25 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht tended to move in a predictable range, as the direction of the […]
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Thailand
