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BUSINESS

Govt approves tax break to boost public consumption

Reuters, Published on 20/12/2022

» The cabinet on Tuesday approved a tax measure to help boost public consumption starting in January to support the economy as it recovers, a government spokesperson said on Tuesday.

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BUSINESS

Rate hikes to be gradual, measured - central bank minutes

Reuters, Published on 14/12/2022

» Further monetary tightening will be gradual and measured, and can be adjusted if necessary, after the monetary policy committee raised its key interest rate late last month, minutes of the meeting showed on Wednesday.

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BUSINESS

Samsung, LG plan multi-billion-dollar additional investment in Vietnam

Reuters, Published on 06/12/2022

» HANOI: South Korean electronics giants Samsung and LG plan to pour billions of United States dollars of additional investment into Vietnam, state media reports and the Vietnamese government said on Tuesday.

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BUSINESS

Consumer confidence at 20-month high in November

Reuters, Published on 08/12/2022

» Thai consumer confidence rose for a sixth straight month in November, reaching a 20-month high, boosted by improved economic activity following the easing of Covid-19 curbs and higher foreign tourist arrivals, a survey showed on Thursday.

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BUSINESS

Factory output unexpectedly falls

Reuters, Published on 30/11/2022

» Thailand's manufacturing production index (MPI) in October dropped 3.71% from a year earlier, due to weaker exports and refinery maintenance shutdowns, the Industry Ministry said on Wednesday.

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BUSINESS

Bank of Thailand raises key interest rate

Reuters, Published on 30/11/2022

» The Bank of Thailand (BoT) raised its key interest rate by 25 basis points for a third straight meeting on Wednesday, as it tries to contain above-target inflation while supporting an economic recovery facing increasing global headwinds.

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BUSINESS

Exports drop in Oct as global demand slows

Reuters, Published on 28/11/2022

» Exports unexpectedly fell in October as tight monetary policy to curb inflation in major trading partners affected purchasing power and economic activity, the Commerce Ministry said on Monday.

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BUSINESS

Cabinet approves transaction tax on securities trades

Reuters, Published on 29/11/2022

» The cabinet on Tuesday approved a financial transaction tax on securities trades on the Stock Exchange of Thailand (SET), ending a three-decade waiver, Deputy Finance Minister Santi Promphat said on Tuesday.

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BUSINESS

FTX case has raised 'serious allegations', says Singapore minister

Reuters, Published on 17/11/2022

» SINGAPORE: The collapse of crypto exchange FTX has raised "very serious allegations that amount to potential fraud", Singapore's finance minister and deputy prime minister said on Thursday.

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BUSINESS

Banks' bad loans down to 2.77% at end of September - c.bank

Reuters, Published on 21/11/2022

» Thai banks' non-performing loans stood at 2.77% of total lending at the end of September, down from 2.88% at the end of June, helped by debt restructuring and banks' loan management, the central bank said on Monday.