Active bond trading and new debenture issuance are expected before the 15% withholding tax imposed on fixed-income funds takes effect on Tuesday, in order to avoid the latest tax tweak aimed at reducing inequality. Trading liquidity of debt securities is expected to dwindle in the secondary market after the effective date, since fixed-income funds make […]
Read MoreOverall car sales are expected to contract throughout the third quarter of 2019 after figures in July remained in the red for a second straight month, attributed to financial institutions tightening their car loan conditions in line with the Bank of Thailand’s warning, say local distributors. The automotive industry club of the Federation of Thai […]
Read MoreCommercial banks and state-owned financial institutions have reacted swiftly to the Bank of Thailand’s recent monetary policy easing by cutting their lending rates, but the efficiency of such a move remains opaque amid lethargic economic conditions. Viewed as a joint response to the central bank’s monetary policy easing, Kasikornbank, Krungthai Bank and Bangkok Bank cut […]
Read MoreThe 0.125 per cent to 0.25 per cent reduction in loan interest rates will benefit small and medium enterprises (SMEs) and boost the country’s gross domestic product by 0.1 per cent, research by Kasikorn Research Centre showed on August 15. The study showed that the reduction of interest rates, including minimum overdraft rate (MOR) and […]
Read MoreConsumers in Thailand and around the world are becoming more disloyal to their favourite brands, with only 8% of people globally identifying as loyal to a specific brand of product, according to a study conducted by Nielsen. Nielsen’s Global Consumer Loyalty study found that consumers are likelier to take a risk on trying new brands, […]
Read MoreThe US-Asean Business Council, an advocacy group that aims to foster economic growth and trade ties between the two regions, is calling for the Thai government to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and speed up its talks on joining the Regional Comprehensive Economic Partnership (RCEP). Commerce Minister Jurin Laksanawisit, who […]
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