Akanksha Singh

526 posts
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Thailand Approves Tax Cuts to Spur public spendings

Thailand’s cabinet approved tax measures to help boost public consumption to support the country’s economy whose vital tourism sector has just recently begun to recover
phuket airport

Phuket top tourism revenue earner in first 10 months of 2022

Phuket province in particular raked in about 128 billion baht. Nearly 2.33 million foreign tourists visited the province from January to October 2022.
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Thailand has welcomed over 7 million foreign tourists since January 1st

Heading into the traditional high season of October to March, Thailand’s full year target for 2022 is 7-10 million visitor arrivals.
bank of thailand

Bank of Thailand raises policy rate by 0.25% from 0.75 to 1 Percent

The depreciation of the baht against the US dollar has been rapid and continuous due to the strengthening of the US dollar but is still in line with regional currencies.
skylin asok

UOB Thailand outlook changed to negative after acquisition of Citi

United Overseas Bank (Thai) Public Co Ltd, headquartered in Bangkok, reported total assets of THB725 billion as of 31 December 2021. The outlook was changed to negative from stable because the acquisition will result in a significant decrease in UOBT’s core capital ratio.
Export growth better-than-expected in December 2020. However, amid the second wave of COVID-19 infections, exports could fall below previously forecasted levels in 2021.

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%.
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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.
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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.