Thailand’s exports are expected to drop by as much as US$4.42 billion (144 billion baht) next year if the ongoing trade war between the US and China intensifies, according to the latest study by the University of the Thai Chamber of Commerce. Aat Pisanwanich, director of the UTCC’s Center for International Trade Studies, said the […]
Read MoreTHE Bank of Thailand (BOT) is likely to implement a modest interest rate hike again next year, and financial experts predicted that those feeling the pinch will be mortgage holders. The warning came from experts at the central bank, Siam Commercial Bank (SCB) and Phatra Securities. For the first time in seven years, the BOT […]
Read MoreThe Royal Thai Navy aims to launch terms of reference (ToR) for the maintenance, repair and overhaul (MRO) facility’s second phase at U-tapao airport in February. This is the continuation of the airport plan after the navy issued the ToR for the first phase in October. The first ToR, worth 10.6 billion baht, is for […]
Read MoreThe International Institute for Trade and Development forecasts that Thailand’s border trade will see growth of 4 per cent in 2019 compared with this year, reflecting sustained demand for Thai products from neighbouring countries, the institute’s director and secretary, Kamalinne Pinitphuvadol, said yesterday. He said that from January to August this year, the border trade […]
Read MoreValue-added tax (VAT) refunds for next year’s Chinese New Year shopping will be funded by the 2020 annual budget, says the Fiscal Policy Office (FPO) chief. Those who qualify for the VAT refund will receive the return by next November, so it is practical to use the 2020 annual budget expenditure to finance the scheme, […]
Read MoreTHE trade war between China and the US is eroding confidence in the outlook for Thai exports, even as other segments of the economy are picking up, a gauge of business sentiment shows. Overall, the Business Confidence Index (BCI) for last month, produced by the Federation of Thai Industries (FTI), edged up to 93.9 points […]
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