The Federation of Thai Industries (FTI) is urging government agencies to announce election results soon in order to expedite the creation of a new government and ward off investor fears of post-election instability. “As the private sector, we expect to see new developments to form a coalition government very soon because any longer would lead to […]
Read MoreTHE Monetary Policy Committee (MPC) of the Bank of Thailand (BOT) is keeping open the option of another rise in its policy rate amid concerns over the country’s financial stability. BOT senior director Don Nakornthab said that, based on the decision to keep the benchmark interest rate unchanged at the MPC’s last meeting, it would […]
Read MoreTHAILAND’S new Transfer Pricing law, which enters into force for accounting periods starting on or after January 1 2019, may require entities with income not less than Bt200 million to prepare and submit information related to the related party transactions. Section 71 Ter of the Revenue Code refers to two documents: 1 the report on […]
Read MoreThe Bank of Thailand will likely amend the soon-to-be implemented mortgage lending curbs after they take effect, depending on speculative behaviour, credit quality and the financial accessibility of homebuyers. The amendment could mean either tightening or easing, Mathee Supapongse, deputy governor for monetary stability, said on Wednesday at a seminar held by the Housing Finance Association. […]
Read MoreNo matter who forms the next government, Central Pattana, the SET-listed retail and property company, is committed to further investment in Thailand’s 3.6-trillion-baht retail market. The company looks to set aside 18.7 billion baht this year to finance its new mall projects and property development handled by Grand Canal Land (GLAND), the firm it acquired […]
Read MoreThailand’s border trade fell in February, attributed to a strong baht and higher competition from Chinese goods. The Commerce Ministry’s Foreign Trade Department on Tuesday reported overall cross-border trade, including transit trade, shrank by 2.47% year-on-year in February to 83.8 billion baht. Transit trade consists of businesses connected with the passage of goods through more […]
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Thailand
