Only 5.2 per cent of 10,000 discarded packs of cigarettes were found to be untaxed, a survey by Philip Morrisan, the American-based multinational cigarette and tobacco manufacturing company, has found. The company said in a press release on Wednesday the results were part of its latest Thailand ‘Empty Pack Survey’ which was conducted to determine […]
Read MoreThe Bank of Thailand kept the policy rate steady for a fourth straight meeting yesterday but painted a bleak outlook by trimming the country’s economic and export growth forecasts for the year. The seven-member Monetary Policy Committee (MPC) voted unanimously to leave the policy rate unchanged at 1.75% as widely expected amid easing signals from […]
Read MoreEight of the world’s top 10 most expensive cities are located in Asia as a result of the region’s high costs for consumer goods and a dynamic housing market, with Bangkok (40) jumping 12 places, according to Mercer’s 25th annual 2019 Cost of Living Survey, which was released on Wednesday. Hong Kong tops the list […]
Read MoreAccelerated investment by the new government is expected to shore up the economy and help GDP grow at a faster pace in the latter half of the year, according to Deputy Prime Minister Somkid Jatusripitak. The new administration is expected to start by August, while the fiscal 2020 budget is projected to begin disbursement by […]
Read MoreThe Monetary Policy Committee (MPC) voted unanimously on Wednesday to maintain the policy rate at 1.75 per cent, MPC secretary Titanun Mallikamas said. The committee said it expects the economy to expand at a slower pace than previously predicted due to a drop in exports, though inflation is projected to be in line with the […]
Read MoreECONOMISTS expect a majority vote in favour of keeping the policy rate on hold when the Bank of Thailand’s Monetary Policy Committee (MPC) meets on June 26. Pipat Luengnaruemitchai, assistant managing director at Phatra Securities Plc, said the MPC was likely to maintain the rate at 1.75 per cent, but might consider a reduction in […]
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