VIENTIANE, June 28 (Xinhua) — Construction of the Laos-Thailand railway extension linking the existing outer suburban station to central Vientiane capital of Laos is expected to begin at the end of this year or early next year after the project was suspended in 2011, according to Lao Ministry of Public Works and Transport on Tuesday. […]
Read MoreThe Customs Department will change the valuation method of imported cars to make it more acceptable to importers, deputy spokesman Kreecha Kledsriphan said on Tuesday. He did not elaborate how it would be changed. Luxury car importers have long complained about their tax burden — import duty, excise tax and value-added tax — is as […]
Read MoreAlthough private investment remains relatively low, the private sector has seen clearer signs of improving purchasing power this month. Sanan Angubolkul, vice-president of the Thai Board of Trade, said yesterday the latest economic data from the Thai Chamber of Commerce showed a spending recovery in all regions since early June, boosted by rebounding farm products, […]
Read MoreFormer Bank of Thailand governor Prasarn Trairatvorakul has flashed a warning that cooperatives and an unbalanced property sector will be the sources that trigger a new financial crisis if regulators fail to tighten rules and regulations in a pre-emptive move to keep problems from spiralling out of control. A large number of thrift and credit […]
Read MoreBANGKOK: Thai energy company PTT is investigating a shutdown at a natural gas field in the Malaysia-Thailand Joint Development Area (JDA) in the Gulf of Thailand, it said. PTT said Sunday it is also carrying out relief measures to power plants and gas stations after the JDA’s A-18 block stopped operating on Saturday. Operations have […]
Read MoreThailand’s risk of being labelled a currency manipulator by the US is “de minimis” or unlikely as the baht movement is in line with other Asian currencies, says an executive at Citibank. Movement of the local currency has not been as volatile as it could have been based on domestic political events the past few […]
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