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THAILAND

World Bank keeps Thai growth forecast at 2.5%

Business, Pathom Sangwongwanich, Published on 29/06/2016

» The World Bank has maintained Thailand's economic growth forecast this year at 2.5% due to impetus from fiscal stimulus and increasing tourism revenue.

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THAILAND

2015 GDP: Good vibes on growth

Business, Pathom Sangwongwanich, Published on 15/02/2016

» Thailand's economic growth in 2015 is expected to have continued its gradual recovery pace, with increased government expenditure, tourism expansion and private consumption identified as key growth drivers, economists say.

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THAILAND

Q2 growth of less than 3% foreseen

Business, Pathom Sangwongwanich, Published on 11/08/2015

» Second-quarter figures are expected to show the economy expanded at a weaker pace than in the first quarter, at less than 3% year-on-year.

THAILAND

VAT set to be increased

Business, Pathom Sangwongwanich, Published on 02/12/2014

» Value-added tax (VAT) may be raised by at least one percentage point next year to finance the government's planned loosening of fiscal policy by increasing the fiscal-2015 budget by 12-13% from this year's.

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THAILAND

Superboard poised for battle

Business, Pathom Sangwongwanich, Published on 05/07/2014

» A state enterprise superboard set up by the junta will be ready to make its first policy-setting moves by the middle of next week, says Prasarn Trairatvorakul, a superboard member and the Bank of Thailand governor.

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THAILAND

Beware 'populist policy trap'

Business, Pathom Sangwongwanich, Published on 04/02/2014

» The government should abandon its non-welfare populist policies on the grounds that Thailand could fall further into the middle-income trap and face low productivity, says an economist.