Thailand to Tighten Tax Rules on Overseas Income to Aid Economy

Thailand will tighten loopholes in its tax rules on overseas income, as the new government seeks to lower income inequality as well as raise revenue to pay for measures to stimulate the Southeast Asian economy.The finance ministry last week issued the stricter rule on overseas ...

Thailand Faces $438 Billion Household Debt in Risk to New Leader

Rising household debt is a “time bomb” awaiting Thailand’s new government, and the problem will likely be more apparent when the ongoing economic recovery loses momentum, an official said.“It’s like a ticking time bomb that can explode later,” Danucha Pichayanan, secretary-general of the National Economic ...

Thailand Begins Early Voting Ahead of General Election

More than two million Thais who registered for early voting began casting their ballots Sunday ahead of next week’s general election, with opposition parties projected to win a majority. The vote is taking place amid an intensifying struggle for power in Thailand. The May 14 election ...

Thailand Seeks Help From Myanmar, Laos to Tackle Haze, Hotspots

Thailand urged leaders of Myanmar and Laos to take urgent steps to tackle hotspots that’s worsened air pollution in some of the Southeast Asian nation’s popular tourist destinations. Thai premier Prayuth Chan-Ocha held a virtual meeting with Laos Prime Minister Sonexay Siphandone and Myanmar junta leader ...

Pathom Sangwongwanich

Thailand Targets $57 Billion Investment in Green, Tech Sectors

Thailand expects foreign and local companies to pump in about 2 trillion baht ($57 billion) into sectors such as electric vehicles, smart electronics and technologies to build a green and sustainable economy by 2030.The fresh investments may generate 625,000 new jobs and add 1.7 trillion ...

Thailand Inflation Moderates Ahead of Central Bank Rate Decision

Thailand’s core inflation surged to the highest since 2008 on higher energy and food costs, piling pressure on the nation’s central bank to start raising interest rates.Core price gains, which strips out volatile food and fuel items, was 3% in July, quickening from 2.51% a ...

Thailand Risks First Double-Dip Recession Since 1998 Asia Crisis

Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival.Gross domestic product is expected to grow 1.8% this year, ...

Thailand Bans Gatherings as Covid Cases, Deaths Hit Record

Thailand banned gatherings nationwide and may implement further restrictions as the country saw daily coronavirus cases and deaths surge to fresh records.The Southeast Asian nation reported 10,082 new infections on Saturday, exceeding 10,000 for the first time, despite the imposition of lockdown-like restrictions since Monday. ...

Thailand’s Vaccine Rollout Gets Chaotic With Cancellations, Dose Shortages

Thailand’s vaccine rollout is trailing its target as a jab shortage and moves to prioritize workers to shield the economy trigger chaos and mass cancellation of appointments.The Bangkok Metropolitan Administration and dozens of hospitals across the country have postponed some of the scheduled vaccinations for ...

Thailand Prepares 6 Million Shots For Mass Rollout’s First Month

Thailand aims to administer as many as 6 million shots to protect against Covid-19 this month, as it begins a mass vaccination program amid the nation’s worst coronavirus outbreak since the pandemic began.The government plans to distribute about 2 million doses of AstraZeneca Plc and ...

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