THAILAND’S central bank raised its key interest rate by 25 basis points for a sixth consecutive meeting on Wednesday (May 31), to curb inflation risks as its economic recovery gathers strength against rising global uncertainties. The Bank of Thailand’s (BOT) monetary policy committee voted unanimously to raise the one-day repurchase rate to 2.00 per cent. Of […]
Read MoreKUALA LUMPUR, May 31 ― Maybank is making it easier for MAE app users to make payments while travelling to Thailand, Indonesia and Singapore. Meanwhile, existing Maybank QRPay merchants can also accept payments from tourists that use supported payment apps from the three countries. The international QR payment feature is enabled through the collaboration between Bank Negara Malaysia and PayNet. With the […]
Read MoreTourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit. Mr Lavaron said foreign visitor numbers jumped after the reopening, reflected by a large increase in value-added tax (VAT) refund totals. In 2022, the department refunded VAT to more than 423,000 tourists with a total value […]
Read MoreThailand’s e-marketplace players are shifting to profitability after almost a decade of losses, attributed to cautious spending, operating adjustments and increasing service fees. Shopee posted a profit for the first time in 2022, tallying 2.4 billion baht, while Lazada recorded profit of 413 million baht. Shopee posted revenue of 21.7 billion baht, followed by Lazada with […]
Read MoreLast year on Nov 2, the Progressive Liquor Bill proposed by the opposition Move Forward Party (MFP) almost won approval with 194 votes in favour of from the House of Representatives, narrowly losing by two votes to 196 against the bill. Almost seven months later, the bill has resurfaced in the public discussion as it was […]
Read MoreThe dollar value of Thai exports fell for a seventh straight month in April, down 7.6% from a year earlier, the Ministry of Commerce said on Tuesday, as global demand remained slow. The decline was far more than the 2% fall forecast in a Reuters poll of economists, and came after a 4.2% drop in […]
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