The baht’s value is expected to continue its upward trend, reaching 29.25 against the US dollar in next year’s final quarter as the greenback assumes a path to depreciation, says Bank of Ayudhya (BAY). Although the local currency’s value is projected at 30.40 against the dollar by this year’s end, the baht will likely hit […]
Read MoreThe government vows to cap the ratio of public debt to GDP at 50% in the medium-term fiscal plan for 2021-24. The Monetary and Fiscal Policy Committee, chaired by Prime Minister Prayut Chan-o-cha, on Thursday approved the medium-term fiscal policy framework as required by the Fiscal Responsibility Act. The act, enforced from April 20, 2018, […]
Read MoreAlthough the land and building tax will be implemented at the beginning of next year, tax filing for the measure will be scheduled for August instead of April because of some uncompleted organic laws, says the Fiscal Policy Office (FPO). The Interior Ministry, which shares responsibility for issuing ministerial regulations for the land and building […]
Read MoreBangkok has leapt 43 places and entered the top 50 most expensive locations in the world for the first time, largely because of the strong baht, according a survey by ECA International, which advises on management and compensation for employees being assigned around the world. “Bangkok, long seen as a cheap destination for holidaymakers and […]
Read MoreKasikornbank (KBank) has expanded into the middle-income segment to penetrate a new customer base for bancassurance and mutual fund business, aiming to rev up fee-based income next year. As fee-based income growth is poised to decline amid intense market competition and regulatory factors, KBank projects next year’s non-interest income to contract by a range of […]
Read MoreThailand’s trade negotiation chief vows next year will see the signing of the Regional Comprehensive Economic Partnership (RCEP), the wrapping up of free trade agreement (FTA) negotiations with Turkey, and opening FTA talks with the EU and the UK. Auramon Supthaweethum, director-general of the Trade Negotiations Department, revealed the negotiation plan for 2020, emphasising six […]
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