The Tourism Authority of Thailand (TAT) is rolling out plans to target both the international and domestic markets despite a tepid start because of the threat from the Omicron variant. TAT governor Yuthasak Supasorn said Thailand needs to turn crisis into opportunity and use tourism to help transform the country after the outbreak. He said […]
Read MoreDemand for larger condominium units in the resale market is poised to remain strong this year as the prices of new projects in Bangkok are still high despite their smaller sizes, according to property consultant CBRE Thailand. Praphinleeya Phuengkhuankhan, head of the residential sales ad hoc team at CBRE Thailand, said condo buyers were looking […]
Read MoreThe Thai Hotels Association (THA) has called on the Finance Ministry to delay for two more years its plan to slap full land tax rates on hotels, saying their businesses have not yet recovered from the Covid-19 situation. The THA warned that enforcement of full land tax rates would bring some 24,000 surviving hotels to […]
Read MoreThe cabinet on Tuesday agreed to cut the excise tax on diesel by 3 baht per litre, from 5.99 baht currently, for three months to help mitigate the impact of high energy prices, deputy finance minister Santi Promphat told reporters. The cabinet approved a draft decree to cut the tax for three months from February […]
Read MoreThe baht is emerging as an unlikely haven in developing Asia as optimism about the nation’s tourism sector buoys inflows. The region’s worst-performing currency in 2021 has vaulted to the top of the rankings this year on bets that a quarantine-free visa programme will kick-start the travel industry. That’s limiting the fallout from geopolitical risks […]
Read MoreThe Thai baht opened at 32.44 to the US dollar on Tuesday, strengthening from Monday’s close of 32.53, the highest in five months. The Thai currency is likely to move between 32.35 and 32.55 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht may stop strengthening and swing sideways because […]
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