The Bank of Thailand has moved to curb the baht’s rapid retreat against the greenback as the local currency hit a nine-month low. The central bank has sporadically taken action against the currency’s weakness by selling the US dollar to smooth out the baht’s movement after it depreciated at a faster pace, lowering foreign reserves, said […]
Read MoreThailand’s exports are expected to increase 9% this year, more than earlier forecast, as the global economy continues to expand, though a trade war is a risk, Commerce Minister Sontirat Sontijirawong said on Thursday. Exports will definitely be higher than the previous target of 8% and “a 9% figure is most likely”, the minister said. […]
Read MoreThe planned repayment of value-added tax (VAT) to government welfare smartcard holders is expected to take shape by the end of this year, a move meant to improve their purchasing power. The Finance Ministry is preparing to install a system to pay back consumption tax to the recipients of the government’s welfare scheme, said Finance Minister […]
Read MoreLand prices in central Bangkok have increased by 1,000% since 1988 when property consultant CBRE established an office in Bangkok. Land prices rose dramatically during the Asian Tiger boom years from 1988-1996 before the market came to a grinding halt in the 1997 financial crisis. Price growth resumed in the early 2000s and there has been […]
Read MoreThe Finance Ministry is pushing electronic payment systems into Cambodia, Laos, Myanmar and Vietnam to help Thai financial institutions access customers in these countries without opening physical branches there. The government is designing the country’s e-payment system to be able to connect with neighbouring countries in the sub-region, said Finance Minister Apisak Tantivorawong, without giving a specific […]
Read MoreThe cabinet approved a draft bill Tuesday on the land windfall tax — a levy on inflated property prices driven by transport infrastructure projects. Nathporn Chatusripitak, an adviser to the PM’s Office Minister, said the new tax will charge both individual and corporate owners for commercial purposes and condominium projects worth more than 50 million baht […]
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