The government has no plan to hike the value-added tax (VAT) in order to achieve the gross domestic product growth target this year of 4 per cent, a senior official said. Anucha Buraphachaisri, spokesman for the Prime Minister’s Office, said that Thailand had set the VAT rate at 10 per cent under the Revenue Code […]
Read MoreWHILE looking forward to a better operating environment, banks are prepared for the pace of recovery to be uncertain and uneven. Amid the new normal, they will remain vigilant and agile in balancing growth with risks. Many customers have been significantly hurt by the pandemic and will remain in need of financing support from banks. […]
Read MoreMANILA, Philippines — Inflation likely accelerated further in March after quickening to a fresh two-year high of 4.7 percent in February, top bank economists said. Union Bank chief economist Ruben Carlo Asuncion said inflation likely hit five percent in March and may peak in May before declining for the rest of the year. He said […]
Read MoreThe price of gold rose by Bt100 per baht weight in morning trade on Friday, the Gold Traders Association reported. As of 9.25am, the buying price of a gold bar was Bt25,450 per baht weight and selling price Bt25,550, while gold ornaments were priced at Bt24,998.84 and Bt26,050, respectively. At close on Thursday, the buying […]
Read MoreHanoi plans to develop an app to sell farm produce and organize an e-commerce supply chain in an effort to build a close link among producers, logistics and e-commerce service providers. Under the newly released 2021 e-commerce development plan, Hanoi authorities will continue utilizing modern technologies to create business models. The plan aims to promote […]
Read MoreModeling by the International Monetary Fund (IMF) and the Ministry of Finance shows that the Cambodian economy will grow by more than two percent this year. In a report released in Washington, the IMF said the modeling also showed that closure of the economy’s negative output gap — when production is less than what can […]
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Thailand
