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Forex fluctuations hit Thai shipments

FLUCTUATIONS in foreign exchange rates have impacted Thai shipments particularly to Argentina and Turkey whose currencies saw sharp depreciation last year, according to Commerce Ministry’s recent study. Pimchanok Vonkorpon, director of the ministry’s Trade Policy and Strategy Office, said that based on the study, the Sudanese pound fluctuated the most – by 164.6 per cent […]

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Thailand – Somkid: EEC, SEC on track

The current government’s major investment projects, particularly in the Eastern Economic Corridor (EEC) and Southern Economic Corridor (SEC), are expected to be taken up by the new government, says Deputy Prime Minister Somkid Jatusripitak.  “I’m not fretting over the economy because the government has already laid the foundation for significant policies and the next government is […]

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Thailand: State urged to offer online VAT services

Ant Financial Services Group, the operator of China’s biggest online payment platform under Chinese e-commerce leader Alibaba Group, has called on the Thai government to offer more online services for value-added tax (VAT) refunds and immigration processing to facilitate international tourists, particularly Chinese.  Simon Hu, president of Ant Financial, who met Deputy Prime Minister Somkid Jatusripitak […]

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Thailand: Project continuity encouraged

The next government would do well to continue planned infrastructure projects in order to boost housing demand, says Deputy Transport Minister Pailin Chuchottaworn. At least 60% of the population or 40 million people will live in urban areas if mass transit lines are developed in major provinces, Mr Pailin said on Thursday at the House & […]

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