An amended law governing asset management companies will allow these firms to acquire bad assets for credit cards and personal loans from non-bank financial institutions, says a source at the Finance Ministry who requested anonymity. The amended legislation will widen the business scope of asset management companies to purchase and transfer bad credit cards and personal […]
Read MoreThere seems to be alarm, almost bordering on panic, at the falling tourist statistics, and many sectors are commenting on ways to reverse this trend, including waiving visa fees. Might I suggest the relevant authorities look at the high price of the baht, which is making it more expensive for tourists coming here, especially those […]
Read MoreBANGKOK (REUTERS) – Thailand’s economy grew 3.3 per cent on an annual basis in the third quarter, the National Economic and Social Development Board said on Monday (Nov 19), missing a 4.2 per cent expansion forecast by economists. South-east Asia’s second-largest economy showed no expansion in July-September from the previous three months on a seasonally […]
Read MoreCambodia and Thailand have agreed to promote the use of single visa for foreign tourits, particularly among those traveling within the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) countries. In the second Cambodia-Thailand tourism Ministers meeting held in Kampot, the two sides said they planned to bring up the idea of using ACMECS single visa for foreign tourists […]
Read MoreDeputy Finance Minister Wisudhi Srisuphan has hailed the bill on land and buildings tax, which is on the verge of sailing through the National Legislative Assembly (NLA), as a significant overhaul of the tax structure. Mr Wisudhi said that once the bill becomes law, it will help boost effective use of land and inject more money […]
Read MoreThe average salary increase across industries in Thailand is expected to rise slightly from 5.2 per cent to 5.3 per cent in 2019, according to the Total Compensation Measurement (TCM) Study and Benefit Survey 2018, conducted by Aon Plc, a global services firm providing a broad range of risk, retirement, and health solutions. Companies in […]
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