Connect with us
CGIF-10th-Year-Anniversary

Investment

Withholding tax on foreign investors’ bond mulled in Thailand

Aishwarya Gupta

Published

on

thai bourse stock exchange set

The Finance Ministry’s plan to slap a 15-per-cent withholding tax on foreign investors’ bond trading would not badly affect the market, Thai Bond Market Association president Niwat Kanjanaphoomin said yesterday.

He said the measure would raise investment costs and could lead to a drop in trading volume from foreign investors, but if it were only for the short term, the scale of the impact would be small.

According to the association, in the first nine months of the year foreigners were net buyers of Thai bonds, excluding Bank of Thailand issues, to the tune of Bt120 billion, representing a 13-per-cent increase from the same period last year.

“Foreign investors focused on buying bonds, especially long-term ones with a maturity period of more than 10 years because of the highest returns, while short-term bonds of less than one year give fixed returns,” said Niwat.

Ariya Tiranaprakij, executive vice president of the association, said foreign investors might underweight their investment in Thailand as a result of the measure.

via Short-term effect of bond withholding tax only small: TBMA.

Finance Minister Korn said in an e-mailed response to questions yesterday that details of any new measures would be available after the cabinet meeting. Overseas investors poured a net $1.1 billion into Thai bonds this month after pumping a net $4.9 billion in the third quarter, Thai Bond Market Association data show.

Government bonds rose, snapping a two-day slide. The yield on the 3.625 percent debt maturing in May 2015 fell nine basis points to 2.619 percent. The rate yesterday advanced the most in five months.

Comments

Investment

Thailand Saw $1.7 billion Applications in Bio-Circular-Green (BCG) Investments in 2020, BOI Says

The BCG model, as defined by the Thai Government, encompasses industries that allow inclusive, sustainable growth while reducing waste, pollution and dependence on finite resources.

Avatar

Published

on

By

In the first nine months of 2020, local and international companies applied to invest as much as $1.7 billion in Thailand in more than 300 projects in the sectors listed as “BCG”, or Bio-Circular-Green economic activities focused on environmental protection and sustainability, according to data collected by the Thailand Board of Investment (BOI).

(more…)
Continue Reading

Investment

Thailand BOI new measures to boost post-Covid-19 investment

Thailand’s Board of Investment (BOI) approved a series of measures to accelerate investments and to encourage businesses to adopt digital technologies.

Avatar

Published

on

By

The Thailand Board of Investment (BOI) on Monday approved a series of measures to accelerate investments, particularly in target industries and to encourage business to adopt digital technologies.

(more…)
Continue Reading

Investment

Foreign Investors’ Confidence in Thailand Still High Despite Covid-19 Impact, BOI Survey Shows

Out of the 600 companies surveyed, 19.33% said they have plans to increase their investment in Thailand, while another 76.67% said they expect to maintain their current investment level.

Pr News

Published

on

By

Despite the COVID-19-induced economic hardship, as much as 96% of foreign direct investors operating in Thailand are confident in the country’s potential and have plans to expand or at least maintain their investment, citing attractive investment incentives, a strong supporting industry supply chain and the availability of raw materials and parts, according to the Thailand Board of Investment’s (BOI) annual Foreign Investor Confidence Survey.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,454 other subscribers

Trending