Connect with us

Markets

Thai economy grows 2.3-2.5% in third quarter: Bank of Thailand

BANGKOK, Oct 30 (TNA) The Thai economic growth in the third quarter expanded 2.3-2.5 per cent, compared to the second quarter but contracted 3.1-3.3 per cent year-on-year, according to a senior offic…

Published

on

The Thai economic growth in the third quarter expanded 2.3-2.5 per cent, compared to the second quarter but contracted 3.1-3.3 per cent year-on-year, according to a senior offic…

View post:
Thai economy grows 2.3-2.5% in Q3: Bank of Thailand

Thailand continues to reduce import tariff rates for various products.

bank

Thai economy grows 2.3-2.5% in Q3: Bank of Thailand

Import tariffs on machinery are waived for regional operating headquarters. The Board of Investment cancels import tariffs on machinery used in conducting research and development activities by regional operating headquarters (ROHs). This is in addition to the existing privileges such as a permission to own land and remit foreign currency abroad as well as preferential corporate and income tax rates. Looking forward, related agencies such as the Revenue Department, the Bank of Thailand, and the Department of Business Development plan to streamline other rules and regulations that help to promote ROHs in Thailand.

External stability in Thailand was upheld by high international reserves, while trade and current account were close to balance. Regarding internal stability, inflation rose from last year in line with higher oil prices, despite a downward trend during the second half of the year. Unemployment rate remained low in Thailand in 2008 but employment started to deteriorate in the forth quarter, particularly in the production sector affected by economic slowdown.

Click to comment

Leave a Reply

Markets

Thai Mango growers complain of low prices and fewer exports

Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.

Published

on

3f93530a mango growers complain of low prices and fewer export orders

Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.

(more…)
Continue Reading

Investment

Foreigners’ Participation in Thai Listed Companies explained

Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.

Published

on

cbfa46a3 markets

Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.

(more…)
Continue Reading

Recent

Most Read

Join 14,204 other subscribers