The baht hit its lowest point in almost a week, opening at 33.30 to the US dollar, down from Tuesday’s closing rate of 33.41. The Thai currency is likely to move between 33.20 and 33.40 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might strengthen […]
Read MoreThe Bank of Thailand (BOT) is preparing for four types of economic and financial risks that could occur in 2022 as the economy is still recovering from the impact of Covd-19, leaving many sectors vulnerable. Speaking at BOT’s Meet the Press event on Tuesday, central bank governor Setthaput Suthiwart-Narueput said that this year economic recovery […]
Read MoreKla Party leader Korn Chatikavanij urged the Revenue Department on Wednesday to delay taxing cryptocurrency trading until it has listened to opinions from experts. Korn, a former finance minister, said the department should allow stakeholders to propose ideas and it should take more time to study the best way to collect taxes on cryptocurrency before […]
Read MoreThe economy will take a 0.3% hit from an outbreak of the Omicron variant of Covid-19, although it should be managed within the first half of 2022, the Bank of Thailand (BoT) governor said on Tuesday. The BoT has tools ready should the Omicron-driven outbreak last longer than anticipated, Sethaput Suthiwartnarueput told reporters. He said he […]
Read MoreExports this year are expected to rise between 5% to 8%, boosted by strong global demand and a weaker baht currency, the Thai National Shippers’ Council said on Tuesday. The group expects exports in 2021 to have risen 15-16%, it told a briefing. Source: https://www.bangkokpost.com/business/2245727/exports-seen-up-5-8-this-year-shippers
Read MoreClear criteria for calculating withholding taxes on profits from cryptocurrency and digital asset trading is expected to be issued this month, said Ekniti Nitithanprapas, director general of the Revenue Department. Mr Ekniti said that Prime Minister Prayut Chan-o-cha has urged the department to brainstorm with all related parties to make the matter clearer for investors […]
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