Exports in November fell by 3.65% from a year earlier, the Commerce Ministry said on Wednesday. The decline compares with a forecast in a Reuters poll for a fall of 3.2% in exports and against October’s 6.71% drop. Imports in November eased 0.99% from a year earlier, resulting in trade surplus of $53 million. In […]
Read MoreThailand plans to run a fiscal deficit until 2025, to combat projected low tax revenue from low economic growth, while targeting inflation of 1 to 3 per cent next year. The Cabinet on Tuesday gave the nod to the inflation target set by the Finance Ministry and Bank of Thailand’s Monetary Policy Committee (MPC), said […]
Read MoreBANGKOK: Thailand’s central bank is widely expected to leave its key interest rate at a record low to preserve its policy options as the tourism-reliant economy deals with a fresh wave of coronavirus infections, a Reuters poll showed. However, the new outbreak, the strength of the baht, below-target inflation plus protracted political protests could pressure […]
Read MoreThailand’s GDP could see a steep contraction similar to the second-quarter decline if nationwide lockdown measures are imposed to contain a fresh round of outbreaks, says the World Bank. Should a new round of infections result in a lockdown in Bangkok or across Thailand, overall economic activities would be impeded, said Kiatipong Ariyapruchya, senior country […]
Read MoreThe Covid-19 infections that spread from the seafood market in Samut Sakhon are likely to ruin tourism sentiment, hobbling domestic trips to 95 million this year, says the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said if there were no cases in Samut Sakhon, domestic trips would have hit 100 million trips. With […]
Read MoreThe Board of Investment (BoI) yesterday approved additional measures including a 50% corporate tax deduction for five years for investment projects worth at least 1 billion baht to stimulate investment next year. According to BoI secretary-general, Duangjai Asawachintachit, the 50% corporate tax deduction incentive aims to stimulate real investment. She said the promotion will be […]
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Thailand
