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Inflation Rises for the Eighth Consecutive Month in Thailand

– BANGKOK – Consumer price index (CPI) or inflation rate increased for the eighth consecutive month to 0.42% in February, according to the Commerce Ministry’s Trade Policy and Strategy Office (TPSO). The increase was attributed to the back of a recovery in the people’s purchasing power and increased demand for products and services in the […]

March 3rd, 2018 | Posted in Economy & Business | Read More »

Thailand’s $3.2 Billion Future Fund Delayed by Spat Over Costs

– BANGKOK – Thailand’s planned 100 billion baht ($3.2 billion) infrastructure fund is embroiled in a court dispute over costs, threatening to further delay its listing. A labor union claims it would be cheaper to use borrowings by Expressway Authority of Thailand, a state entity, to pay for road projects due to be financed via […]

February 24th, 2018 | Posted in Economy & Business | Read More »

Thailand’s Government Eyes Pollution Tax for Motorcycles

– BANGKOK – Thailand’s Excise Department is now studying a possibility to introduce vehicle pollution tax on motorcycles in a new effort to improve air quality. The department’s director-general Mr Krisada Chinavicharana said excise officials are now studying the possibility of charging pollution tax on motorcycles similar to cars in accordance with the emission of […]

February 21st, 2018 | Posted in Economy & Business | Read More »

Thailand Is South East Asia’s Leader In Renewable Energy

  BANGKOK – Thailand has emerged as South-East Asia’s leading developer of renewable electricity, with providers obliged to guarantee minimum levels of supply. Thailand’s biggest wind power generator, Wind Energy Holdings (WEH), plans to invest into other sources of electricity including solar, hydro and biomass to back up its capacity, its chief executive told Reuters […]

February 18th, 2018 | Posted in Economy & Business,Regional News | Read More »

Condo Sales Slump Continues in Thailand as 45,000 Units Left Unsold in 2017

– BANGKOK – Although Thailand’s overall economy last year showed positive trends, condominium demand barely increased, with the number of unsold units exceeding 45,000, a major concern for developers. Ratchaphum Jongpakdee, general manager of property consultant Colliers International Thailand, said developers need to register gains every quarter, rendering them unable to postpone project launches to […]

February 16th, 2018 | Posted in Economy & Business | Read More »

The Bank of Thailand Bans Banks from Dealing With Cryptocurrency

– BANGKOK – The Bank of Thailand said on Monday it had asked financial institutions not to get involved in cryptocurrency transactions for fear of possible problems from the unregulated trading. Banks are prohibited from investing or trading in cryptocurrency, offering cryptocurrency exchanges and creating platforms for cryptocurrency trading, the central bank’s governor, Veerathai Santiprabhob, […]

February 12th, 2018 | Posted in Economy & Business | Read More »

Thailand Entices Outside Talent with ‘Smart Visa’

– BANGKOK – Thailand has introduced a new visa to make it easier for foreign executives, investors, entrepreneurs and technology experts to do business in the country’s focus industries. The so-called Smart Visa, available from Feb. 1, applies to 10 industries, including next-generation automotives, automation and robotics, agricultural and biotechnology, and medical and wellness tourism. […]

February 7th, 2018 | Posted in Economy & Business | Read More »

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