TAX specialists should assist in closing the “yawning” deficit in government revenue, Finance Secretary Carlos Dominguez 3rd emphasized on Thursday. During the Tax Management Association of the Philippines’ induction and inaugural general membership meeting for 2022, he said that an interpretation of tax management in which a client pays for “specialists” to settle a reduced tax bill is not […]
Read MoreThe oil price surge has taken a toll on airlines’ profitability, disrupting the opportunity to capitalise on rising domestic demand. Low-cost carriers are reluctant to raise airfares as passengers remain price-sensitive during the pandemic. Tassapon Bijleveld, executive chairman of Asia Aviation, the majority shareholder of Thai AirAsia (TAA), said the average load factor in February […]
Read MoreDespite inbound travel difficulty, foreign investors are still looking to acquire warehouse facilities and manufacturing property as an investment, according to property consultant CBRE Thailand. Adam Bell, head of industrial and logistics, said there were a number of foreign investors looking to acquire warehouse facilities in Thailand, but there are limited quality investment properties for […]
Read MoreThe baht opened at 33.14 to the US dollar on Thursday, strengthening from Wednesday’s closing rate of 33.23. The Thai currency is likely to move between 33.10 and 33.25 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon put the fluctuation down to current market sentiments. He said that if the market is […]
Read MoreThe government expects cross-border trade to grow by 5-7% to 1.08-1.1 trillion baht this year, driven by the global recovery, economic and demand growth in neighbouring countries, as well as the baht’s weakness. The Laos-China high-speed train project, which opened on Dec 3, 2021, and the Commerce Ministry’s acceleration of reopening border checkpoints should also […]
Read MoreA move by the Bank of Thailand (BOT), the Securities and Exchange Commission (SEC) and the Finance Ministry to ban the use of cryptocurrencies for purchasing products and services is aimed at preventing negative impacts on financial stability and the economy. The action comes as digital asset business operators have begun to facilitate retailers and […]
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