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BUSINESS

New land appraisal prices to have limited impact

Business, Wichit Chantanusornsiri, Published on 21/01/2026

» A new round of land appraisal prices to be effective in 2027 is expected to increase land prices along mass transit lines in Bangkok and surrounding areas by no more than 10%, attributed to the ongoing economic slowdown.

BUSINESS

Whither populism?

Business, Wichit Chantanusornsiri, Published on 16/01/2026

» Compared with the previous election, when some parties promised to distribute hundreds of billions of baht in cash and others pledged infrastructure projects worth trillions, the level of populism in campaign pledges during this election appears to have declined, which academics see as a positive development.

BUSINESS

Official calls for rejig of 2026 budget

Business, Wichit Chantanusornsiri, Published on 22/09/2025

» The government is being urged to revise its 2026 budget strategy by trimming around 200 billion baht of "non-essential" spending to accommodate the incoming wave of foreign investment flowing out of China as a result of pressure from US President Donald Trump's policies.

BUSINESS

Government upbeat on steady credit rating

Business, Wichit Chantanusornsiri, Published on 25/04/2025

» The government remains confident that credit rating agencies will maintain Thailand's sovereign credit rating at its current level thanks to the strength of Thai financial institutions and the country's ability to retain fiscal discipline after the Covid-19 crisis.

BUSINESS

Pact expected to help double trade with European Union

Business, Wichit Chantanusornsiri, Published on 19/03/2025

» The Thailand-EU free trade agreement (FTA), expected to be signed this year, will help double Thailand’s trade with the European Union (EU) from its current level, according to Somjai Phagaphasvivat, an independent political and economic analyst.

BUSINESS

Cabinet approves business hub draft

Business, Wichit Chantanusornsiri, Published on 05/02/2025

» The cabinet has approved the draft Financial Business Hub Act, which will establish a primary agency responsible for setting policies and require the employment of a specified proportion of Thai nationals.

BUSINESS

Seminar sets out strategic pathway for state enterprises

Business, Wichit Chantanusornsiri, Published on 03/02/2025

» State enterprises are being urged to accelerate their adaptation to the government's technological advancements, enhance flexibility in their operations, and implement policies that promote long-term sustainability.

BUSINESS

Initiative to develop corruption risk index

Business, Wichit Chantanusornsiri, Published on 21/01/2025

» The Comptroller General's Department has teamed up with the Open Contracting Partnership (OCP) to develop a risk index for corruption in government procurement.

BUSINESS

Corporate income tax cut to 10% in SEZs

Business, Wichit Chantanusornsiri, Published on 15/01/2025

» The Revenue Department has reduced the corporate income tax rate for businesses in special economic zones (SEZs) to 10% for 10 years to promote investment in the zones.

BUSINESS

Excise mulls retail tweak

Business, Wichit Chantanusornsiri, Published on 13/01/2025

» The Excise Department is considering updating the suggested or recommended retail price for products subject to excise tax to ensure they are up to date.