Economy and commerce

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, ...

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, ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

The government’s tax collection policy is threatening the growth of e-payments and discouraging a cashless society, say e-payment and e-commerce proponents. The Bank of Thailand reported that the value of e-payments in June 2018 was 38.94 trillion baht, up from 33.56 trillion a year earlier. ...

Fiscal Policy Office (FPO) Director Lawaron Saengsanit has confirmed that the national economic situation reflects the growth of Gross Domestic Product. However, analysis of the overall economic situation requires economic stability which is reflected in other economic indicators, such as inflation.Keep reading ...