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Thailand: Baht volatility could mean outlook revisions

Business operators are likely to revise GDP and export projections next month amid concern over the baht’s volatility and pressure on shipments.  Supant Mongkolsuthree, chairman of the Federation of Thai Industries (FTI), said the baht’s movement has been weak over the past two weeks with a 2.4% drop.  “Before that, the currency appreciated a great […]

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Thailand: Exporters hope next regime steadies baht

Exporters are proposing that the next government stabilise the baht to be in line with the currencies of regional and trading partners, beef up market diversification and speed up trade talks to retain export growth this year.  Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said the continuous appreciation of the baht is the key […]

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Thailand: Fast trains to Laos ‘in 4 years’

The government will push for completion of the Thai-Sino high-speed railway project linking Bangkok and Nong Khai by 2023 so it can connect to another fast rail project in Laos, said Nathporn Chatusripitak, a spokesman for Deputy Prime Minister Somkid Jatusripitak.  The cabinet was informed of the progress of the 608-kilometre rail project Tuesday, Mr Nathporn […]

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Thailand: TAX CUT FOR E-CARS, LOW-EMISSION TRUCKS

The Cabinet yesterday agreed to revise the excise tax for electric cars and trucks using diesel B20 to zero per cent and 0.5 to 2 per cent respectively to lessen the problem of particulate dust pollution.  Finance Minister Apisak Tantivorawong said after the Cabinet meeting yesterday that the first measure will reduce excise tax for […]

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