ADB forecasts 3.5% growth for Thailand in 2017, but the country is still on subpar growth when compared with its Southeast Asian peers The Asian Development Bank (ADB) forecasts Thailand’s economic growth at 3.5% this year, with export growth stated as the main factor of recovery. Developing Asia has continued to perform well, even as […]
Read MoreThe Finance Ministry has instructed the Revenue Department to improve tax collection efficiency and stem tax avoidance by large corporations, whose tax bills have been falling for the past several years. Over 1,000 large companies classified under the department’s Large Tax Office paid less than the tax-collecting agency’s target in recent years, resulting in a […]
Read MoreDespite the Bank of Thailand’s moves to scale back short-term bond sales and curb the baht’s rapid gains, offshore fund inflows are continuing but money is shifting to long-term bonds, says the central bank chief. Bank of Thailand governor Veerathai Santiprabhob reiterated that the reduction in short-term bond issuance is an initial measure and that […]
Read MoreThe country’s underlying productivity challenges are expected to cap Thai economic growth at a mere 3.4% in 2019, the World Bank says. The Washington-based lender is maintaining its forecasts for Thai GDP growth of 3.2% this year and 3.3% in 2018, with the rate rising a bit to 3.4% in 2019, according to the World […]
Read MoreThe baht should move in line with market forces but the central bank is ready to act on any excessive volatility in the currency, the central bank governor said on Wednesday. The baht is not as volatile as several other regional currencies, Bank of Thailand governor Veerathai Santiprabhob told a news conference, as the unit […]
Read MoreThailand jumped two places to 19th in A.T. Kearney’s Foreign Direct Investment (FDI) Confidence Index for 2017, with investors turning bullish on Asia-Pacific. Although FDI inflows to Thailand fell in 2016, applications for foreign investment tripled in value year-on-year in the first eight months of 2016. That, along with investor’s optimism and continued interest in […]
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