The baht opened at 32.43 to the US dollar on Wednesday, weakening from Tuesday’s close of 32.40. The Thai currency is likely to move between 32.35 and 32.50 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht was likely to fluctuate and weaken due to the Omicron situation as well […]
Read MoreBusinesses have appealed to the Labour Ministry to reduce the expenses involved in importing migrant workers and shore up labour shortages. Labour Minister Suchart Chomklin said so far labour imports via the memorandum of understandings (MoU) signed with neighbouring countries have missed their targets. Many business owners have sought to recruit migrant workers from Myanmar […]
Read MoreBusiness leaders are increasingly worried about the escalating Russia-Ukraine conflict, with rising oil prices threatening to drive up living costs. The crisis has sent Brent crude futures to US$97.66 a barrel, the highest level since September 2014, and global stocks have plunged. Analysts at PTT Plc cited Suhail Al Mazrouei, the United Arab Emirates’ minister of […]
Read MoreTourism operators have thrashed the government announcement increasing the Covid-19 alert to Level 4, insisting state policy should enable people to live with the virus instead of limiting travel activities. Most business operators are ready to comply with the new rules, but will not agree if the government imposes strict lockdown measures again. Chamnan Srisawat, […]
Read MoreThe government recently approved an array of incentives, including lower excise tax and import duties on significant auto parts, in a bid to make electric vehicles (EVs) more appealing to both car buyers and manufacturers. What are the incentives for EVs? The incentives recently approved by the cabinet aim to promote domestic manufacture of EVs […]
Read MoreThe cabinet has approved waiving personal income tax for three foreign groups of taxpayers: high-income earners, retirees and those who want to work remotely from Thailand, said Finance Minister Arkhom Termpittayapaisith. Mr Arkhom said on Tuesday that the beneficiaries would be considered investors in Thailand as required by the government offering them long-term residence (LTR) […]
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