BANGKOK: Thailand plans to build the world’s largest floating solar farms to power Southeast Asia’s second-largest economy and to boost the country’s share of clean energy. State-run Electricity Generating Authority of Thailand will float 16 solar farms with a combined capacity of more than 2.7 gigawatts in nine of its hydroelectric dam reservoirs by 2037, […]
Read MoreThe Bank of Thailand warned the baht is likely to remain volatile and that it intervened in the market when the baht strengthened at a faster pace than economic fundamentals would suggest, helping business operators adjust, says a senior official. The comment came after a meeting with the Thai National Shippers’ Council (TNSC), which has called […]
Read MoreSET-listed oil retailers are very optimistic about the growth of oil sales volume this year amid tough competition in the local market. Four listed companies forecast 2019 growth of oil sales volume at 3-16% from the year before, with each oil retailer competing via marketing campaigns with new fuel formulas, mileage memberships and non-oil services. An […]
Read MoreThe Revenue Department aims to raise the number of individual taxpayers by 10% this year, with a focus on online vendors outside the tax system. The country’s largest tax-collecting agency wants to increase the individual taxpayer base by 1 million this year, using data analytics to probe income tax avoidance, said director-general Ekniti Nitithanprapas. The department […]
Read MoreThailand’s border trade edged up 1.84% year-on-year in January, with Malaysia still the biggest trade partner. Adul Chotinisakorn, director-general of the Foreign Trade Department, said Thailand fetched 119.5 billion baht in January from all cross-border trade, including transit trade. Transit trade consists of businesses connected with the passage of goods through a country to their […]
Read MoreExporters are quick to finger baht appreciation whenever shipments sag, but studies reveal that the global economy and demand from trading partners have a much larger effect Despite some relief from de-escalating tensions over the Sino-US trade spat, continued export contraction and currency appreciation remain a double whammy for shipment-oriented Thailand, with exporters blaming the strengthening baht […]
Read More
Thailand
