The cabinet yesterday approved the extension of the 7% value-added tax (VAT) rate for another year, saying a hike could derail the economic recovery. According to Kobsak Phutrakul, assistant minister to the Prime Minister’s Office, the extension will cost the government an estimated 232.6 billion baht in lost revenue from tax collection until Sept 30 […]
Read MoreE-commerce is one of the top five most popular activities of Thai mobile users, according to a survey by the Electronic Transactions Development Agency (ETDA). The ETDA’s latest survey shows that e-commerce is one of the top five most popular activities for Thai mobile users. Conducted in July with 10,000 respondents, the poll found that […]
Read MoreBangladesh has signed a deal to buy 250,000 tonnes of milled rice from Cambodia, two weeks after the two countries signed a memorandum of understanding. The purchasing agreement was made on Monday after the officials from state-owned Green Trade Company and the Cambodia Rice Federation (CRF) flew to Bangladesh last week to negotiate in detail […]
Read MoreThe Bank of Thailand on Wednesday left its benchmark interest rate unchanged again at 1.5%, showing it feels the level is low enough to aid an economic recovery hampered by high household debt levels. As expected, the Monetary Policy Committee voted unanimously to keep the one-day repurchase rate at 1.5%, where it has been since […]
Read MoreMost Southeast Asian stock markets ended higher on Wednesday, in line with broader Asia, with Indonesia gaining nearly 1% and the Philippines ending at a near three-week high. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.6%, as relative calm in the standoff between the United States and North Korea lifted investors’ appetite for […]
Read MoreTrade between Cambodia and Thailand reached $2.9 billion in the first half the year, a 10 percent increase compared to the same period in 2016, according to statistics from the Thai Embassy in Cambodia. The data showed Cambodia exported goods worth $453 million to Thailand in the first six months of the year, a 20 […]
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