BoT orders stress tests from banks

June 23, 2020 The Bank of Thailand is requiring commercial banks to run a new round of stress tests that takes the pandemic’s impact into account and report the results next month, while strengthening capital buffers will be discussed in case the outcome shows capital adequacy ratios (CAR) are below Read More

Ban on overseas entry to stay

June 13, 2020 From Monday, there will be no night curfew, but strict controls under the emergency decree will continue to be enforced especially on entry into Thailand because Covid-19 is still present in other countries, a senior government spokesman announced on Friday. Taweesilp Visanuyothin, spokesman of the Centre for Read More

Big leap in licences granted to foreign businesses

June 12, 2020 The Foreign Business Commission late last month granted licences for 20 foreign businesses to operate in Thailand. Vuttikrai Leewiraphan, Department of Business Development director-general, said the 20 businesses had invested a total of Bt442 million in Thailand and employed 1,574 Thai workers. Most of the businesses are Read More

No Politics in decree stretch

MAY 26, 2020 Forestalling a second wave of infections, and not politics, is behind the government’s need to extend enforcement of the emergency decree as lockdown measures are set to loosen up, said Deputy Prime Minister Prawit Wongsuwon. He said the extended use of the special law, which was first Read More

Corporate tax deadline moves

MAY 13, 2020 The Revenue Department has extended the deadline to file corporate tax returns by 1-2 months, depending on the type of tax. The extension covers eight tax types whose online filing deadlines fall during the March-August period. The purpose is to ease operators’ burden during the coronavirus crisis, Read More

New tax may see homeowners sell extras

MAY 13, 2020 The new land and buildings tax will force homeowners to reduce residential units being held and shift housing development to larger units, as only principal homes will be exempted. Chinapat Visuttipat, founder and partner of legal firm One Law Office, said homeowners possessing a lot of houses Read More

Interest-free SME loans from KBank

MAY 6, 2020 Kasikornbank (KBank) has launched a 1-billion-baht loan scheme, offering interest-free borrowing for the first year to small and medium-sized enterprises (SMEs) with up to 200 employees as a way to keep 41,000 workers on payroll during the pandemic. The bank will also provide a monthly grant of Read More