AFP – Thailand’s parliament approved a near-$60 billion stimulus package, the kingdom’s biggest cash injection, to revive an economy that has been hammered by COVID-19. The 1.9 trillion baht ($59.7 billion) package would be a much-needed boost for Southeast Asia’s second biggest economy, expected to contract by 6-7 percent in 2020. About $17.3 billion of the […]
Read MoreDespite the long closure because of the outbreak, two major cinema operators are sticking to their expansion plans for this year. Pimsiri Thongrompo, marketing director at SF Corporation, operator of the SF cinema chain, said the company remains committed to opening four new cinema branches this year. Two branches have already opened in Chon Buri. […]
Read MoreThe government is being urged to fine-tune the country’s national strategy to keep abreast of changing social and economic trends caused by the global economic slowdown and the pandemic. According to Kalin Sarasin, chairman of Thai Chamber of Commerce, the chamber is helping to map out the country’s new strategy for the post-pandemic period and plans […]
Read MoreThe Finance Ministry is gearing up to launch both financial and non-financial measures aimed at revitalising the economy once the pandemic is under control. The stimulus package prioritises job creation in the local economy, said Finance Minister Uttama Savanayana. The measures call for specialised financial institutions including Government Savings Bank, the Bank for Agriculture and […]
Read MoreAgainst the backdrop of the coronavirus crisis, income uncertainty has become heightened and some individual taxpayers may be tempted to put income tax planning on the back burner. One should not put off tax-saving moves till the end of the year, however, as deferring tax planning could lead to either falling short of the amount […]
Read MoreThe government may use the tools of the Finance Ministry to increase promotional privileges for investment in bio-economic corridors to entice investors. Anek Memongkol, deputy secretary-general of the National Economic and Social Development Council (NESDC), said that in order to make investment more attractive, incentives from the Finance Ministry may be added to privileges for […]
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Thailand
