PM on rebuilding confidence on nation’s economy
Prime Minister Yingluck Shinawatra has instructed all agencies related to the nation’s economy to quickly formulate a strategy to rebuild investors’ and tourists’ confidence for 2014. Mr. Teerat Ratanasewe, Spokesman of the Prime Minister’s Office, revealed that international analysts are still confident on Thailand’s economic stability and have yet to…
Inflation rate rises less than 1% in November
The inflation rate rose less than 1 percent in November, while the average inflation rate in the first 11 months represented a 2.24 percent increase. Deputy Permanent Secretary for Commerce Urawee Ngowroongrueng has revealed that the inflation rate in the month of November stood at 104.86, 0.08 percent increase month-on-month,…
MasterCard’s Indian-origin CEO among Fortune’s top 50 businessmen
Two Indian-Americans are in Fortune magazine’s annual list of the top 50 people in business in 2013. MasterCard’s India-born CEO Ajay Banga and Workday co-CEO Aneel Bhusri are among the 50 top business leaders in the list, which is “filled with executives who defied expectations – buying a newspaper, leaving…
Two-trillion baht loan bill sails through Senate
After a seven-hour debate, the Senate has finally made a vote to approve Article 6 of the 2 trillion baht loan bill with a vote of 68 to 44. The second hearing of the Senate to decide whether to approve Article 6 of the loan bill took a total of…
Thai Cabinet approves new income tax ladder; 30k/month earners see tax halved
The Cabinet has approved a bill that will result in the income tax rate on those earning between 150,000 and 360,000 baht per annum falling to 5%. According to Ms. Bencha Luicharoen, the deputy minister of finance, the increase of income tax ladders from 5 to 7 steps was aimed…
Commerce Ministry is confident that Thailand will see 5-7% export growth next year
The Commerce Ministry is confident that Thailand will see 5-7 percent export growth next year, thanks to the global economic recovery. Despite the National Economic and Social Development Board (NESDB)’s recent forecast that Thailand would see a zero-percent export growth this year, Commerce Minister Niwatthamrong Boonsongpaisan reiterated that the country…
Thailand promising to be world hub of gold
The World Gold Council has suggested that Thailand has the capacity to be a major hub for gold thanks to the surge in Thailand’s investment demand for gold. The World Gold Council has recently reported that demand in Thailand for gold jewelry rose by 57% year-on-year in the third quarter…
Thailand to host Connect Asia-Pacific Summit on November 18th
Thailand is prepared to host the Connect Asia-Pacific Summit on November 18th, aiming to uplift people’s quality of life through information and communication technology (ICT). During the Yingluck Meets the People Program, ICT Minister Anudith Nakornthap said 800 representatives from 37 countries, both from public and private sectors in the…
Yamaha India zooms past Thailand, closes in on Vietnam
Yamaha’s operations in India have overtaken Thailand, a traditional stronghold for the Japanese two-wheeler maker. In its third quarter results declared in Japan last week, the company revealed that sales in India for the July-September period totalled 1.27 lakh units, comfortably ahead of Thailand’s 73,000 units. Between January and…
Indian weddings in Thailand : cheaper and far away from the taxman
Members of the hospitality industry say Bangkok and its nearby beach resorts and islands have been emerging as the best, and somehow hidden, destination for big, fat weddings. Over 200 Indian marriages are expected to be solemnized this year alone, they said. With weddings being two to three times cheaper…