Global funds will continue to have unfettered access to Thai bonds even when a rule on registration takes effect, the central bank said as it sought to allay concern the regulation could be used to curb speculative flows. The proposal, which will kick off in October, requires foreign funds to open segregated onshore accounts instead […]
Read MoreHoteliers are pressing the government to speed up the sluggish Covid-19 vaccination programme by using an emergency decree to put the entry process in the fast track and setting July as the earliest date to reopen. William Heinecke, founder and chairman of Minor International (MINT), said the government had already missed the opportunity to secure […]
Read MorePhuket will submit its reopening plan to the Centre for Economic Situation Administration (CESA) for approval this Friday in a bid to let inoculated tourists visit without quarantine in July, while Samui also hastened the reopening process with a sealed model. Yuthasak Supasorn, Tourism Authority of Thailand governor, said the reopening plan, known as the […]
Read MorePrime Minister Prayut Chan-o-cha has ordered the Finance Ministry and related agencies to speed up fresh economic stimulus measures to continue spurring domestic spending. On Monday, the premier also instructed the Finance Ministry and related agencies to accelerate the rollout of the third phase of the co-payment scheme and continue the Rao Chana (We Win) financial […]
Read MoreSawasdeeShop, an international money changer, will ask permission from the Bank of Thailand (BoT) to use cryptocurrency as an intermediary in international money transfers and currency exchanges in order to reduce costs. Aswin Phlaphongphanich, president and chief executive at SawasdeeShop, said adopting cryptocurrencies and blockchain technology to cut costs in back-end operations can help the […]
Read MoreThe Finance Ministry has ordered the Customs Department to step up its search for ways to reduce the impact of the exemption on import tax and value-added tax (VAT) for imported goods worth up to 1,500 baht, saying such measures are hurting small and medium-sized enterprises (SMEs). According to Patchara Anuntasilpa, director-general of the Customs […]
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