The Energy Ministry plans to dust off 50 unfinished power projects under the 2013 Quick Win initiative to be promoted under the Energy for All scheme for community-owned power projects. “This is faster than launching 10 pilot projects under the scheme by June 2020,” said Energy Minister Sontirat Sontijirawong, presiding over the first round of […]
Read MoreThe Bank of Thailand insists that banks, under the new financial accounting standard, can extend fresh working capital loans to commercial loan defaulters who are in the debt restructuring process without loan-loss provision requirements for the new loans. According to Thai Financial Reporting Standard 9 (TFRS 9), due to take effect next year, working capital […]
Read MoreThe Bank of Thailand’s rate-setters see the need to keep monetary policy stable to cushion against possible future risks, according to the edited minutes of the Sept 25 meeting. Some committee members thought a policy rate cut might not lend significant additional support to economic growth, given the already accommodative monetary policy, compared with the […]
Read MoreThailand’s competitiveness ranking for 2019 has dropped two spots from 38th to 40th among 141 world economies, despite the government’s Thailand 4.0 programme. The World Economic Forum’s Global Competitiveness Index rankings for 2019 were announced on Wednesday (October 9) at the Chulalongkorn Business School. The drop occurred despite the Thailand 4.0 programme, noted Ass’t Professor […]
Read MoreThe government is considering forcing online giants such as Amazon.com Inc and Facebook Inc to collect value-added tax on e-commerce sales, echoing an Indonesian clampdown on transactions that skirt the levy. Cross-border purchases by Thais routed through global online marketplaces, as well as booming domestic sales in the so-called social-commerce sector, should incur the tax. […]
Read MoreThe IMF forecasts Thailand’s GDP growth to slow to 2.9% this year before improving marginally to 3% in 2020, while the Economic Intelligence Center (EIC) under Siam Commercial Bank (SCB) sees growth of 2.8% for this year and next. The IMF’s view is in response to external and domestic headwinds, the global lender said in […]
Read More
Thailand
