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GENERAL

Headline inflation up 1.54%, above forecast

Reuters, Published on 07/06/2024

» Thailand's headline consumer price index (CPI) rose 1.54% in May from a year earlier, after the previous month's annual rise of 0.19%, the Commerce Ministry said on Friday.

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GENERAL

CIMB targets $1.28bn of lending in 2024

Reuters, Published on 06/06/2024

» MANILA - The Philippine unit of Malaysia's CIMB Group Holdings Bhd is targeting lending of more than 75 billion pesos (US$1.28 billion) to Filipino clients this year, up 23% from 2023, its chief executive officer said on Thursday.

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GENERAL

Business group keeps growth forecast at 2.2% to 2.7%

Reuters, Published on 05/06/2024

» Thailand's economy is recovering slowly and is expected to grow 2.2% to 2.7% this year, unchanged from a previous forecast, a leading joint business group said on Wednesday.

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GENERAL

Tax measures to boost tourism approved

Reuters, Published on 04/06/2024

» The cabinet on Tuesday approved tax measures to boost domestic tourism during the low season, a deputy minister of finance said.

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GENERAL

Credit access problems need urgent fix, says central bank

Reuters, Published on 04/06/2024

» Thailand needs to urgently resolve problems of credit access for small- and medium-sized businesses, which are key for the economy, a deputy central bank governor said on Tuesday.

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GENERAL

Exports seen up 1-2% this year: shippers

Reuters, Published on 04/06/2024

» Thailand's exports are expected to rise 1% to 2% this year, the Thai National Shippers' Council said on Tuesday, maintaining a previous forecast.

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GENERAL

Current account deficit of $40m reported

Reuters, Published on 31/05/2024

» Thailand's economic growth quickened in April helped by strength in domestic demand, exports and tourism, the central bank said on Friday.

GENERAL

Factory output unexpectedly rises for first time in 19 months

Reuters, Published on 30/05/2024

» Thailand's manufacturing production index unexpectedly rose 3.43% in April from a year earlier, increasing for the first time in 19 months, helped by higher exports and tourism, the Industry Ministry said on Thursday.

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GENERAL

Finance Ministry to propose tax on cheap imports to cabinet

Reuters, Published on 30/05/2024

» The Ministry of Finance's plan to collect a 7% value-added tax (VAT) on imported goods sold for less than 1,500 baht (US$40.6) is expected to be submitted for cabinet approval next week, Deputy Finance Minister Julapun Amornvivat said on Thursday.

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GENERAL

Government Savings Bank in joint venture to tackle household debt

Reuters, Published on 29/05/2024

» The Government Savings Bank (GSB) has formed a joint venture with Bangkok Commercial Asset Management to tackle household debt, the state-owned lender said on Wednesday.