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Thailand: 4 EEC projects approved for infrastructure

The Eastern Economic Corridor (EEC) Policy Committee on Wednesday approved four infrastructure projects worth a combined 432.85 billion baht, with terms of reference (ToRs) scheduled to be launched within this month. The four projects are the U-tapao aviation city (worth 290 billion baht); a maintenance, repair and overhaul (MRO) centre (10.59 billion); the third phase of […]

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Thailand: Consumer spirits down in September

Consumer confidence fell for the first time in four months in September, as people were more concerned about the impact of higher oil prices, relatively low farm prices, an escalating international trade row and the slow pace of economic growth. The latest survey by the University of the Thai Chamber of Commerce (UTCC) found that the […]

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Thailand: World Bank predicts GDP ebb

Despite an improved forecast for this year’s economic growth, Thailand’s outlook over the next two years is projected to slow down as investment is poised to subside and external uncertainties cast a shadow over exports, says the World Bank. The World Bank has upgraded Thailand’s economic growth forecast to 4.5% from 4.1% this year based on […]

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Thailand: BoT sets mortgage curbs

The Bank of Thailand will require homebuyers to make a down payment of at least 20% of home value for new mortgages worth 10 million baht and higher as well as for second homes, in an effort to curb mortgage and property risks and improve housing loan quality. The requirement is expected to be implemented from […]

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Thailand: Offer VAT refunds in malls, says retail body

THE THAI Retailers Association (TRA) is to appeal to the Revenue Department to reconsider five locations it has proposed for value-added tax (VAT) refunds to foreign tourists other than at airports, TRA president Worawut Oonjai said yesterday. The five strategic locations are: Siam Paragon, CentralWorld, Central Chidlom, The Emporium and Robinson Sukhumvit malls. Worawut’s call […]

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