Concerns about the private sector’s revenue and debt servicing ability have been raised at a joint meeting of two Bank of Thailand committees. The Monetary Policy Committee and the Financial Institutions Policy Committee held a joint session on 30 November to discuss financial developments and risks to financial ...

The Bank of Thailand is considering a plan to expand categories of asset class investment in order to manage its foreign reserves more effectively, says the Bank of Thailand governor. “If we can find an asset class that could yield greater management of foreign reserves, result in ...

Prime Minister Prayut Chan-o-cha is delighted with the improvement in Thailand’s rankings on the United Nations’ E-Government Development Index (EGDI), which went up to 57th this year from 73rd in 2018, government spokeswoman Narumon Pinyosinwat said on Sunday. The index ranks countries based on their governments’ ...

Thailand’s Ministry of Natural Resources and Environment is presenting how it intends to use research to manage better and enhance the value of Thailand’s marine resources at the 6th Marine Science Conference taking place in Bangsaen of Chonburi. Keep reading ...

The rapid weakening of the baht could cause problems for the real economic sector, says a senior official at the Bank of Thailand. The central bank is closely watching the baht’s movement, though no irregularity been detected so far, said Chantavarn Sucharitakul, the assistant governor overseeing financial ...

The Tourism Authority of Thailand predicted that the country may lose 100,000 to 200,000 foreign tourists following the blasts, which would mean a loss of some Bt5 to Bt10 billion in tourism income this year. Kobkarn Wattanavrangkul, Minister of Tourism and Sports, said on August 16 that tourism authorities ...

Thailand’s investment of 48.68 billion baht in the China-led Asian Infrastructure Investment Bank (AIIB) will seek approval soon from the National Legislative Assembly. Keep reading ...

In a bid to rein in non-performing loans, several commercial banks are offering a cut of 15-20% for payment of overdue loans to encourage customers to clear their credit card and personal debt, according to a debt collection firm. Pracha Chaisuwan, managing director of Chet Collection ...

The Finance Ministry has ordered the Customs Department to step up its search for ways to reduce the impact of the exemption on import tax and value-added tax (VAT) for imported goods worth up to 1,500 baht, saying such measures are hurting small and medium-sized ...

The Department of Foreign Trade has reported a 5.81% increase in the value of border and cross border trade and expects that it will reach 1.6 trillion baht in 2019.Keep watching  ...

Since late 2018, we have already seen signs of global economic slowdown. Financial markets have been fluctuating. Among the factors are the downshifting of the US economy which led to weakened US dollar. The prolonged US-China trade war has troubled Thai exports for quite sometime. ...

The Revenue Department plans to propose a law stipulating that foreign entities with no physical presence which earn income in Thailand must report their transactions here to be inspected for value-added tax (VAT) payment.Keep reading ...

Business leaders have expressed concerns that the rapidly appreciating baht could dampen exports and suggest business operators hedge foreign exchange risks. The monthly meeting of the Joint Standing Committee on Commerce, Industry and Banking on September 5 heard the disquiet over the increasing volatility of foreign exchange. ...

The government is set to raise the issue of Laos’s value-added tax in a joint discussion with Lao counterparts, fearing the new tax measure may cripple growing border trade. Adul Chotinisakorn, deputy director-general of the Foreign Trade Department, said that while the issue is an ...

It’s 5:30 p.m., and several tourist boats linger in the middle of the Mekong River. A blood-orange sun casts a warm glow across the milky brown water, making it the ideal time to photograph the rare Irrawaddy river dolphins that congregate in deep, swirling pools. ...

Less tourism activities and waste around the Chàm Islands – a world biodiversity reserve site – would help the marine ecosystem in waters off the islands recover after the two-month social distancing order due to the COVID-19 pandemic. Experts and staff from the Chàm Island Maritime Protected Area (MPA) have made ...

Academics and legal experts on November 9 called for radical reforms of decades-old environmental laws, with public participation to ensure the rights of all citizens to live in healthy surroundings. The call was issued as the Law Reform Commission and the Good Governance for Social Development ...

The Revenue Department of Thailand has reported the successful collection of over 5.01 billion baht in tax revenue from foreign platforms and e-service providers. This reflects a growth of 3.2% compared to last year.The revenue was amassed over the first nine months of the current ...

The National Parks, Wildlife and Plant Conservation Department invited the press to its wildlife forensic lab yesterday to demonstrate its accountability and transparency in wildlife forensic investigation in a move to counter the strong opposition of elephant owners. Kanita Ouithavorn, chief of the department’s Wildlife ...

The prime minister yesterday (Aug 23) told the Ministry of Digital Economy and Society (MDES) and other top officials to quickly implement a policy to provide more digital government services to the public, noting that results have so far not met his expectations.The Digital Economy ...