Thailand’s border trade is expected to grow 10-14 percent this year from an estimated 1.6 trillion baht in 2017, driven by growing demand for Thai goods, underlining the importance of partnerships on trade and investment as well as working to improve trade with minor cities in neighbouring countries. Adul Chotinisakorn, deputy director–general of the Foreign […]
Read MoreTHE MINISTRY of Finance expects private investment to lead growth of the Thai economy this year, following 10,411 business operators exercised 1.5-time tax deduction on investment worth about Bt281 billion, an all-time high. In 2017, Revenue Department launched its tax incentives to promote investment, allowing companies or juristic partnership to deduct its investment expenditure in […]
Read MoreThe Board of Investment (BoI) expects to receive investment proposals of 720 billion baht ($22.56 billion) this year, up 12% from 2017, it said on Friday. In 2017, foreign and domestic firms applied to invest about 642 billion baht, topping the 600 billion baht target, Board of Investment secretary-general Duangjai Asawachintachit said. The board did not […]
Read MoreYear-to-date net foreign inflows into Thai bonds have reached 47 billion baht, with foreign investors viewing Thailand as a destination to park their funds. Some have fingered the movement as the source of the baht’s strengthening value. The baht rose 0.3% Thursday to a nearly 3½-year high of 32.02 against the US dollar. The baht […]
Read MoreThe private sector has asked the government and the Bank of Thailand to hold a meeting on finding ways to curb the baht’s rapid gains, which is putting the baht among the top-performing currencies in Asia. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) will propose next week that policymakers meet, said committee […]
Read MoreLeaders from the six countries that the Mekong River runs through yesterday endorsed two key strategies at the latest summit of the Lancang-Mekong Cooperation (LMC), which was held in Phnom Penh’s Peace Palace. The Phnom Penh Declaration was one of the documents approved, an action plan that focuses on four main areas: political and security […]
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