The Revenue Department has insisted selecting Counter Service Co, a payment service provider wholly owned by CP All Plc, to provide value-added tax (VAT) refunds for foreign tourists outside airports was done in a transparent manner. Three companies sought licences to run the VAT refund service outside airports, but two of them failed to meet the […]
Read MoreThe Bank of Thailand has set out measures to rein in mortgage lending after it found widespread search-for-yield behaviour in the residential market, with some banks extending housing loans exceeding the central bank’s guidance. The prolonged low-interest-rate environment led to search-for-yield behaviour in the property market, artificial demand in mortgage lending and underpricing of risks, though the […]
Read MoreThailand’s economic growth in the second half is anticipated to expand at a slower pace than the first half because of ebbing exports and tourism coupled with higher oil prices and the strengthening baht, say business leaders. In addition to last year’s high export base, escalating tensions in the Sino-US trade row, with tit-for-tat tariffs worth […]
Read MoreTHAILAND’S economy and banks should be able to weather heightening global risks from rising US interest rates, although escalating trade wars could pressure global growth next year, according to sovereign and banking analysts at Fitch Ratings’ annual Thai conference in Bangkok yesterday. Bank of Thailand Governor Veerathai Santiprabhob was the guest of honour at the […]
Read MoreTHAILAND intends to increase exports to Asean markets by 20 per cent this year, Commerce Minister Sontirat Sontijirawong said yesterday. “In terms of exports to the Asean region, so far, Thailand has been performing exceptionally in 2018,” Sontirat said. Exports have seen double-digit growth year on year for the period January to August, he said. […]
Read MoreThe office market is likely to face fierce competition in the next 3-4 years as the supply of Grade A office spaces increases by 30% from 1.175 million in the central business district (CBD), says Nexus Real Estate Advisory. The consultancy recommends landlords conduct maintenance to keep their buildings looking new for better rental rates. “Over […]
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Thailand
