Bank customers are required to consent to banks forwarding their savings-account information to the Revenue Department, as the Finance Ministry tries to eliminate tax evasion, Finance Minister Apisak Tantivorawong said on Friday. A new tax regulation enforced since April 4, requires bank passbook holders to allow banks to send information about the interest they have […]
Read MoreThe Bank of Thailand (BOT) has adjusted downwards its GDP forecast for 2019 amid rising uncertainties about Thailand’s political situation and the US-China trade war. The central bank also cautioned that the country’s financial stability is at risk from the alarming increase of household debt nationwide. The central bank has lowered its GDP forecast for […]
Read MoreGrab Thailand, the local operating unit of the Singapore-based startup, has high hopes a new government will finally legalise the ride-hailing business after years of operating in the country. Thailand is the last country in Asean where hailing a taxi from drivers without commercial licences via mobile apps is illegal, apart from Laos where no such […]
Read More[BANGKOK] A slide in Thailand’s baht is proving to be a fillip for the country’s exporters of electronics parts. The SET Electronic Components Index is up about 9 per cent so far in April, leading the 28 industry groups in the nation’s stock market. Delta Electronics (Thailand) Pcl is one of the top performers this […]
Read MoreThe Trade Promotion Department is scheduled by the end of this month to speak with the top 10 export-driven manufacturers to evaluate prospects and discuss how to accelerate shipment growth in the second and third quarters — normally the peak period for exports. The 10 manufacturers account for more than 50% of Thailand’s total exports. They […]
Read MoreWhile online, app-based food deliveries may be relatively new to Thailand, the motorcycle drivers carrying insulated boxes filled with orders and branded with their company logos have become ubiquitous in the country’s urban areas. The three major players in online food delivery — Grab Food, Line Man and Foodpanda — all say they have the largest […]
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