The Commerce Ministry looks set to propose the cabinet remove three services — telecommunications, finance and software development — from List 3 of the Foreign Business Act (FBA) to facilitate foreign investment in Thailand. Thosapone Dansuputra, director-general of Business Development Department under the Commerce Ministry, said the department has already completed the draft to remove […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore stocks took a beating this week amid the twin uncertainties of the US election and the worsening pandemic in the West, almost replacing Thailand as Asia’s worst equity market this year. The Straits Times Index (STI) fell 1.1 per cent on Friday (Oct 30), taking the 2020 decline so far this year to […]
Read MoreLocal commercial banks are concentrating on debt restructuring and asset quality rather than business growth amid fragile economic conditions that could linger into next year. Pipatpong Poshyanonda, co-president of Kasikornbank (KBank), said the bank will continue paying attention to helping customers with debt restructuring for next year, together with seeking new business opportunities. Despite participating […]
Read MoreImmigration offices will be open to accept and process visa renewal requests on Saturday, the last day of the visa amnesty. Many foreigners are expected to apply for visa renewals before the amnesty ends on Oct 31 so immigration offices on Chaeng Watthana Road and at Muang Thong Thani, which are normally closed on weekends, […]
Read MoreGDP contraction is projected to be less severe than previously estimated based on a recovery among Thailand’s Asian trading partners, without factoring in domestic political turbulence, says the Fiscal Policy Office (FPO). The FPO’s latest economic forecast upgrades GDP contraction this year to 7.7% from a 8.2% decline projected in July, said Pornchai Theeravet, deputy […]
Read MoreCommerce Minister Jurin Laksanawisit vows to continue supporting small and medium-sized enterprises (SMEs) to sell their products online, allowing them to participate in international exhibitions and trade shows to boost their export capabilities. Speaking after presiding over the Smart SME Expo 2020, Mr Jurin said the Commerce Ministry has plans to promote and empower the […]
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Thailand
