Modern trade sentiment remained in the doldrums in the second quarter, as operators were still concerned about higher operation costs, the impact of political uncertainty, drought and the relatively low income of people living outside urban areas. Thanavath Phonvichai, vice-president of research at the University of the Thai Chamber of Commerce (UTCC), said despite growing […]
Read MoreThailand should adopt an expansionary policy mix, including fiscal reforms and monetary easing to help support growth, which has slowed amid rising global trade tensions, the International Monetary Fund said on Monday. The Thai economy grew by 4.1% in 2018, but growth in 2019–20 is expected to slow as uncertainty over trade tensions weigh on […]
Read MoreThe Palang Pracharath Party’s (PPRP) proposed lowering of personal income tax has raised concerns over a reduction in state revenues. The proposal was one of the election campaign pledges made by the PPRP, the core coalition party, and the issue is picking up attention ahead of the government’s announcement of its policy manifesto later this […]
Read MoreThe Revenue Department is studying two options for the government’s personal income tax cut campaign promise — one an outright 10-percentage point cut across tax brackets and the other a 10% cut across brackets. For the cut by 10 percentage points, individual taxpayers who are liable to up to 10% rates now will be exempt, […]
Read MoreThailand’s exports will drop by up to 3.1 per cent this year, economists forecast on Monday, after June figures fell on the same period last year amid a strengthening baht. After the Commerce Ministry reported a 2.1 per cent fall in June, the SCB Economic Intelligence Centre projected the country’s exports will drop this year […]
Read MoreThe strong baht has cut the value of the foreign investment fund (FIF) under fund management, falling by Bt27 billion from Bt1.2 trillion at the start of the year, TMB Bank said. TMB said the drop reduced the fund’s return by 0.47 per cent. The least impacted funds are those covering oil investment, gold, and […]
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