Consumer sentiment rose to its highest in six months in June, as Thais became less concerned about oil prices. Sentiments were also boosted by higher exports and growing tourism and recovering farm product prices. According to the latest survey by the University of the Thai Chamber of Commerce (UTCC), the consumer confidence index in June […]
Read MoreThe consumer confidence index climbed to 81.3 in June from 80.1 in May on exports, tourism and rising farm prices, the University of the Thai Chamber of Commerce announced on Thursday. The increase was also attributed to the government’s signal that it would control fuel prices, a matter that had worried consumers in May. According to […]
Read MoreLow spending on research and development, coupled with “shallow” digital infrastructure that includes some of the world’s slowest 4G speeds, will impede the progress of Thailand’s drive towards a digital future, according to The Economist Intelligence Unit (EIU). The country placed 49th out of 82 countries surveyed in the Technological Readiness Ranking for 2018‑22 released recently […]
Read MoreAsia-Pacific has made the strongest transparency improvement from 2016 compared to the other four regions covered by the latest study conducted by property consultancy firm JLL. According to its newly released biannual Global Real Estate Transparency Index (GRETI) 2018, of the world’s top 10 real estate markets that have registered the biggest improvements in transparency, four are […]
Read MoreCabinet has decided to keep value-added tax at the current rate of 7% for another year, from Oct 1 to Sept 30, 2019. Nathaporn Jatusripitak, adviser to the prime minister’s office minister, said the cabinet made the decision on Tuesday. The current 7% VAT rate will expire at the end of September. What VAT was […]
Read MoreBank of Thailand governor Veerathai Santiprabhob has warned that the baht’s volatility will remain high in the foreseeable future, prompted by tightened monetary policy in advanced economies and tit-for-tat trade tariffs among economic behemoths. Foreign exchange volatility should persist, affecting both money and capital markets across the globe, but the situation is not worrisome as Thailand […]
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