More than 29,000 Thai export items will receive a tariff waiver from Jan 1 next year under the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world’s biggest free trade deal. The agreement was signed by 15 nations in Asia-Pacific, including Thailand in November last year, and needs ratification from at least nine countries to […]
Read MoreThailand has lost about 1.45 million tourism jobs during the coronavirus pandemic, including 400,000 in the first quarter, a private tourism group said on Monday, as the country gets ready to reopen to visitors to try to rescue the struggling sector. Tourism is a key driver of Thailand’s growth, typically accounting for 11-12% of gross […]
Read MoreThe Customs Department is set to launch a digital platform to facilitate importers who are individual entrepreneurs to address import-related obstacles. Phantong Loykutnanta, deputy director-general of the department, said with thriving cross-border purchases via e-commerce, 38 million parcels a year are imported by international delivery companies through express mail services at Suvarnabhumi airport. Another 5 […]
Read MoreWhen starting a business in Thailand, many people find themselves in a maze of regulatory procedures and licences, not to mention conflicting legal interpretations by different state agencies. Such complications discourage some from even starting a business, while those who decide to jump in may end up facing unnecessary costs and time-wasting through a string […]
Read MoreThe Thai stock market has the highest fundraising value among ASEAN countries in the first quarter of this year, the Stock Exchange of Thailand (SET) said on March 26. Dr Soraphol Tulayasathien, head of corporate strategy division, said Thailand’s fundraising as of February this year was 46.1 billion baht ($1.48 billion), followed by Indonesia’s 5.96 […]
Read MoreBangkok Bank (BBL) has become the first local bank to offer cross-border QR payments between Thailand and Vietnam. The service will help support economic recovery as Thailand opens up after the pandemic, the bank says. The project to promote cross-border payments via QR code technology is the fruit of a collaboration between the Bank of […]
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