The ratio of public debt to GDP in the next five years should not exceed the 60% ceiling even if taking into account the 1-trillion-baht loan decree, though the estimate excludes the probability of additional loans, says a senior finance official. The Public Debt Management Office (PDMO) has told Finance Ministry authorities that public debt […]
Read MorePrices set at a 20% discount to those offered for existing nearby units and good locations were two factors helping new condo supply sell out during third-quarter launch periods, say property consultants. Phattarachai Taweewong, associate director of research and communications at Colliers International Thailand, said condo demand and supply recovered in the third quarter after […]
Read MoreThe Tourism Authority of Thailand has confirmed that the initiative to welcome foreign tourists back to Thailand under the Special Tourist Visa (STV) scheme will proceed. TAT governor Yutthasak Supasorn said that despite the delay, the first group of tourists from China will arrive in Phuket under the STV scheme within this month. Previously, Phuket […]
Read MoreSiam Commercial Bank (SCB) has set up a bank in Myanmar after receiving a subsidiary business licence from the Central Bank of Myanmar, aiming to expand in the neighbouring market via offline and online platforms. SCB, the country’s fourth-largest commercial lender by assets, notified the Stock Exchange of Thailand on Thursday that it had registered a […]
Read MoreKey business operators in the Eastern Economic Corridor (EEC) want the government to eliminate weak points in infrastructure development and investment incentive programmes during the recession to lure more foreign investment. The global slowdown is an opportune time for authorities to solve water, land and investment issues in the EEC before businesses return to normal […]
Read MoreThailand climbed one spot to 39th out of 63 countries in the digital competitiveness ranking for 2020 released by the IMD World Competitiveness Center, supported by better technology investment. The US retained the pole position in the ranking, followed by Singapore and Denmark. The ranking measures the capacity and readiness of 63 nations to adopt […]
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