Economy and commerce
Supachai warns Thailand to prepare for a slowdown in global economy
The global economy is in dissarray with no clear direction, while the US-China trade war is having an adverse impact on investors’ confidence worldwide, warned Supachai Panitchpakdi, former director-general of the World Trade Organisation.Keep reading ...
Wichit Chaitrong
Thailand can cash in on US-China trade war, but there’s no gain without pain
t’s an uneasy time for Asian nations as the rivalry between China and the United States intensifies and it remains uncertain whether they can resolve their trade war when the 90-day truce expires. In this special series the South China Morning Post explores how the ...
Bank of Thailand Chair Says Tightening Unlikely to Be Aggressive
Thailand is unlikely to tighten monetary policy aggressively as inflation remains low and the economy needs support, the chairman of the nation’s central bank said.At the same time, the current pace of annual economic expansion of about 4 percent is sufficient to begin policy normalization, ...
China weakness depresses emerging market shares
Emerging market stocks recorded a second consecutive week of losses amid worries about a slowdown in China’s economy, reflected in weak retail sales and tepid industrial output growth. Also hurting sentiment was the decision by the European Central Bank to end its massive asset-buying scheme, ...
Nuntawun Polkuamdee & Darana Chudasri
DEPA offers tax deduction up to 200% for software purchases by SMEs
The Digital Economy Promotion Agency (DEPA) has devised a measure to promote software usage, offering tax deductions of up to 200 percent of the value of a computer program suited to business operations.Keep reading ...
Itiporn Lakarnchua
Udon Thani industrial estate to become N/E logistics hub
The Deputy Minister of Industry has followed up on the construction of an industrial estate in Udon Thani province, collecting information to be discussed during the Bueng Kan-Nong Khai Cabinet retreat.Keep reading ...
Itiporn Lakarnchua
Getting a piece of the e-commerce pie
A recent report revealed that the government of Thailand has passed a bill that it hopes will ensure more effective tax collection, especially from e-commerce businesses. The new law will see financial institutions required to report transactions to the Revenue Department of customer accounts which ...
Office of SME Promotion launches global connectivity program for SMEs
The Office of Small and Medium Enterprise Promotion (OSMEP) is launching a global connectivity program for SMEs designed to push local products onto the world market.Keep reading ...
Jettana Pantana
E-payment tax to take effect in 2020
The e-payment law, a tool for the Revenue Department to tax the income of non-salaried earners, particularly online vendors, will go into force from Jan 1, 2020. It takes time to link systems between the Revenue Department and financial institutions, so the money transfer reporting ...
Wichit Chantanusornsiri
Internet economy continues strong gains
Thailand’s internet economy ranked No.2 in Southeast Asia, worth US$ 12 billion (394 billion baht) in 2018 out of $72 billion in the region, thanks to growth of the e-commerce and online media sectors, according to the latest Google-Temasek report.Keep reading ...
Suchit Leesa-Nguansuk