The joint cabinet meeting between Cambodia and Thailand next month will exclude discussions on the Phnom Penh-Bangkok rail link, leaving the exact date of its launch in limbo. “I don’t think the Cambodia-Thailand railway will be on the agenda because there is still a stretch of rail track under contention and border talks to agree […]
Read MoreThailand’s annual industrial output rose in July, after a fall the previous month, helped by stronger car engine and electronic production suggesting the economic recovery is gaining momentum. The Industry Ministry said on Thursday the manufacturing production index (MPI) in July rose 3.73% from a year earlier, compared with the median forecast of a 3.15% […]
Read MoreConsumers will be able to use standardised quick response (QR) code payment on their smartphones to pay for purchases at shops, street vendors and motorcycle taxis starting in the fourth quarter of this year. Yesterday, the Bank of Thailand teamed up with five international payment networks and financial service providers in Thailand to roll out […]
Read MoreThe sales of fast-moving consumer goods (FMCG) grew by just 1% in the first half, the lowest rate in the past decade, says market research firm Kantar Worldpanel Thailand. The consumable products in the category cover those which are sold quickly and are inexpensive, including non-durable goods such as soft drinks and processed foods. The […]
Read MoreThe private sector remains concerned about a draft bill on the land and buildings tax, particularly about a provision that lets local authorities handle price appraisals, which may result in inconsistent treatment. They are also worried about the readiness of local administrations in terms of the number of staff to perform the various duties such […]
Read MoreEven though household debt has been quite stable, massive leverage will continue to weigh on economic growth over the next few years, warns a high-ranking official at the Bank of Thailand. “The problem of high household debt remains with us, and I think it will remain a drag on consumption for the next few years,” […]
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