Thailand’s domestic car sales are expected to grow at a healthy rate of 10% this year to 845,000 units, driven by improving sentiment for consumption and a growing economy, says Inter-Media Consultant Co, the organiser of Thailand International Motor Expo. President Kwanchai Paphatphong said the local car market showed significant growth in the first four […]
Read MoreAgriculture, electronics, and food and drink have been hit hardest by the baht’s 6% year-to-date appreciation, according to Asia Plus Securities (ASP). Porranee Thongyen, ASP’s head of research, said the stronger than expected baht hurt exporters like Sri Trang Agro Industry Plc, which earns most of its income in US dollars and mostly baht-denominated expenses. […]
Read MoreThailand’s consumer confidence in May declined for the first time in six months, due to a bomb blast at a Bangkok hospital, low commodity prices and slow economic recovery, a private survey showed on Thursday. The index of the University of the Thai Chamber of Commerce slipped to 76.0 last month from 77.0 in April. […]
Read MoreIf recent history is anything to go by, argue some, letting Thais invest more money abroad is unlikely to spur major outflows, and that will mean continued firmness for the baht currency – and continuing frustration for Thai exporters. Authorities in Thailand, which has large current-account surpluses, are trying to get citizens to invest elsewhere, […]
Read MoreThe Thai business sector has voiced concern that the rapid gain of the baht will take a toll on exports, causing the economic recovery to falter, says the Thai Chamber of Commerce (TCC). Chairman Kalin Sarasin said the business sector wants the Bank of Thailand to monitor baht movement closely to ensure it is ready […]
Read MoreThe Revenue Department’s collection fell short of target by 80 billion baht for the first eight months to May, largely due to the steep decline in petroleum income tax. The tax shortfall adds to the country’s largest tax-collecting agency a possibility of failing to miss this fiscal year’s target. Petroleum income tax for the eight […]
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