Global merchandise trade exceeds pre-COVID-19 level

Global merchandise trade exceeds pre-COVID-19 level, but services recovery falls short. UNCTAD nowcasts show that trade in services has not yet reached its pre-pandemic level, while merchandise trade is projected to have surpassed it by 15%.

The Thai banking system remained resilient in Q3 2021 says BoT

The Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to serve an important role in assisting borrowers and accommodating loan demand to support economic recovery amidst uncertain COVID-19 situation, said Bank of Thailand latest press release.

Thailand Approves Package to Attract Wealthy Foreigners and Professionals

Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the post-COVID economy.

Thailand’s Latest Tax Relief Package for Businesses

Thailand’s government has issued its latest tax relief package to assist businesses impacted by the pandemic that includes the reduction of land and building tax by 90 percent for 2021, in addition to extending the filing deadline for personal, value-added, and withholding tax.

Bank of Thailand keeps policy rate at 0.50 percent

The Committee voted unanimously to maintain the policy rate at 0.50 percent to support economic recovery while placing emphasis on more targeted measures.

Thai Economy Slightly Improved in August (BoT)

The Bank of Thailand stated that, in August 2020, the Thai economy slightly improved, held up by lighter contractions in merchandise exports value, manufacturing production, and private investment indicators.

Thai exports fall 7.94% in August

The Trade Policy and Strategy Office (TPSO) has indicated that Thai export sector has improved for two consecutive months in August with a smaller than expected drop of 7.94%

Thailand Voted Best Place for Starting Business

Starting a business can be daunting as investors and entrepreneurs have a wide array of places to choose from, but also things to consider when beginning their activity.