October inflation was 1.23% year-on-year on food and oil prices and inflation in the first 10 months of 2018 was 1.15% on food, beverage and energy prices, according to the Commerce Ministry. The inflation trend continued for the 16th consecutive month last month, Pimchanok Vonkorporn, director of the ministry’s Trade Policy and Strategy Office, said on […]
Read MoreThe long-awaited draft bill on the land and buildings tax is expected to head to the National Legislative Assembly (NLA) for a second reading in mid-November, with the new property tax scheduled to take effect in January 2020. The bill was agreed upon by the NLA’s standing committee but was stuck for nearly two years after […]
Read MoreA new taxi service with a flat monthly charge of up to 12,000 baht for unlimited trips will be launched in Bangkok next year in response to delays in official fare increases. Worapol Kaemkhunthod, president of the Professional Association of Public Taxi Motorists, said commuters who sign up would pay between 6,500 and 12,000 baht […]
Read MoreThe Bank of Thailand has grown more pessimistic about the prospects of achieving its export growth forecast of 9% this year as the intensifying trade dispute between the world’s top economies dampens global demand. Export value contraction in September was beyond the central bank’s current forecast and full-year growth could be slower than projected, said Pornpen […]
Read MoreSTANDARD Chartered Bank (Thailand) expects the Bank of Thailand (BOT) to start monetary policy normalisation and increase the interest rate by 25 basis points (bps) , from 1.50 per cent to 1.75 per cent, in November. However, due to current concerns about the pace of the baht’s appreciation, Standard Chartered Bank expects no further rate […]
Read MoreCHIANG RAI: The cabinet has endorsed four infrastructure investment projects worth a combined 470 billion baht under the government’s flagship Eastern Economic Corridor (EEC) scheme. The projects were approved by the EEC Policy Committee on Oct 4 and endorsed at a mobile cabinet meeting on Tuesday in the northern province. The approval came as some of […]
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Thailand
