February 6, 2020 The Board of Investment (BoI) approved a wide range of measures to accelerate investment and support key sectors of the economy, from large-scale projects to small and medium-sized enterprises (SMEs), as well as incentives to help strengthen the grassroots economy and the tourism industry. “The measures approved Read More
December 26, 2019 Operators of homestay and home-sharing premises will soon face much higher commercial property tax than buy-to-let homeowners who pay residential rates, the Finance Ministry says. However, the new rules have sent many confused land and property owners into a panic, particularly in Bangkok. They received a letter Read More
December 31, 2019 The baht finished in spectacular fashion after a year as one of the world’s most stable currencies, when it reached 30.15 baht against the US$, its highest level in six years. Kasikornbank Bank is forecasting that the Thai baht could move into a range of 30-30.30 baht to Read More
December 14, 2019 The head of Thai Immigration has told his department not to be too strict on tourists and scare them away from returning to Thailand. According to PattayaOne, the Chief has asked for his staff to “show some humanity”. Lt-Gen Sompong – also known as Big Oud, after Read More
December 13, 2019 The baht’s value is expected to continue its upward trend, reaching 29.25 against the US dollar in next year’s final quarter as the greenback assumes a path to depreciation, says Bank of Ayudhya (BAY). Although the local currency’s value is projected at 30.40 against the dollar by Read More
December 2, 2019 The last time the Thai baht’s value against the USD touched 29 baht/US dollar was back in 2013. But the currency appreciation situation was quite different then. Today it’s floating around 30 baht in its 22nd year as a floating international currency. How will all that affect Read More
December 2, 2019 According to Bot latest Press Release, the Thai economy continued to be on a decelerating trend in October. The value of merchandise exports continued to contract, mainly due to the economic slowdown of trading partners, consistent with deterioration in manufacturing production and private investment indicators. Public spending contracted after Read More
November 30, 2019 Thailand has signed five MoUs (memoranda of understanding) with Hong Kong, in a commitment to forge “greater economic ties between various creative, technological and development agencies” in both countries. The Nation reports that the MoUs were signed by Deputy PM Somkid Jatusripitak and Hong Kong CEO Carrie Read More
Oct 28. 2019 Prime Minister Prayut Chan-o-cha was the guest of honour at the recent launch of the “Digital Thailand Big Bang 2019: ASEAN Connectivity,” an international digital technology symposium that on the concept of ASEAN Connectivity organized the Digital Economy Promotion Agency (depa) as part of the activities marking Read More
Sep 20. 2019 The Board of Investment (BOI) has approved fresh “Thailand Plus” incentives to help convince foreign businesses to relocate to Thailand. They’ll be offered benefits including an additional 50-per-cent reduction in corporate income tax for five years, double the allowance for training expenses and a five-year corporate tax Read More