Home » Economy & Business You are browsing entries filed in “Economy & Business”

Thai Military Installed Cabinet Extends VAT Reduction for Another Year

– BANGKOK – The Cabinet has approved a one-year extension to the value-added tax (VAT) reduction policy, keeping the VAT rate at 7 percent until September next year. Following the weekly Cabinet meeting, Vice Minister to the Prime Minister’s Office Kobsak Pootrakool revealed that a green light has been given to the Finance Ministry’s proposal […]

August 16th, 2017 | Posted in Economy & Business | Read More »

As Thailand’s Corporate Cash Pile Swells, Investors Grow Restless

– BANGKOK – Thai companies have accumulated a record $34 billion in cash, prompting some investors to demand companies from oil producers to food suppliers consider deals to put the money to work – or hand it back to shareholders. Some of Thailand’s biggest corporate names, including energy giant PTT Group Pcl (PTT.BK), the largest […]

August 14th, 2017 | Posted in Economy & Business | Read More »

Thailand Tightens Credit-Card Rules to Battle High Household Debt

– BANGKOK – Thailand’s central bank on Wednesday tightened controls on credit cards and unsecured personal loans, a move that should contain high household debt levels and could cut domestic consumption. The measures, effective Sept 1, come at a time of concern about overspending by citizens and rising bad loans. The rule-changes mean credit-card holders […]

July 26th, 2017 | Posted in Economy & Business | Read More »

Thailand to Tap ‘Domestic Sources’ for US$5.3b Rail Project with China

– BANGKOK  – Thailand plans to get from “domestic sources” most of the funding for a 179 billion baht (US$5.3 billion) high-speed railway project built with China, a finance ministry official said on Monday. The 873-km (542 miles) rail line, which will link Thailand’s border with Laos to eastern ports and industrial zones, is part […]

July 17th, 2017 | Posted in Economy & Business | Read More »

“Made in China” Thailand’s Junta Government Moves Closer to Beijing

  – BANGKOK – The recent announcement that the leader of Thailand’s ruling military junta, General Prayut Chan-Ocha, would use the controversial Article 44 to speed up construction of the delayed US$15 billion Sino-Thai railway confirms warming relations between Thailand’s military-led government and China. Article 44 is a key section of the provisional constitution imposed […]

July 11th, 2017 | Posted in Economy & Business | Read More »

Thailand’s ‘Super Baht’ May be Too Strong for its Own Good

– BANGKOK – Two decades ago Thailand became ground zero of the Asia financial crisis, when its government scrapped a dollar peg with the baht, a devaluation that unleashed a wave of speculative attacks on other regional currencies and shook the global economy. Now, the baht is again posing challenges for Thailand—but this time because […]

July 4th, 2017 | Posted in Economy & Business | Read More »

Thailand’s Revenue Departments Proposed Online Tax Targets Foreign Companies

 – BANGKOK – The Revenue Department has set a withholding tax rate for online purchases in a range with a maximum of 15%, a change from a flat rate of 5% proposed previously. The e-business tax will have several rates depending on the type of business, said Prasong Poontaneat, director-general of the Revenue Department. Different […]

July 3rd, 2017 | Posted in Economy & Business,Regional News | Read More »

Photo of White Beach in Boracay, Philippines

In Loving Memory of His Majesty the King

Photo of His Majesty the King Bhumibol Adulyadej
Learning Thai with Jen