WHTW: Top 10

  • Household debt up sharply: Reckless policy and slow growth at fault. Average household debt in the year to date has risen by 20.2%, the highest growth in nine years, according to a survey by the University of the Thai Chamber of Commerce (UTCC). (Bangkok Post, 16/9/16)
  •  BoT watch on foreign bondholders. The Bank of Thailand will require bond custodians to provide information regarding non-resident holders who are end beneficiaries of bonds issued in Thailand.  End. (Bangkok Post, 16/9/16)
  • Resignation may delay village broadband scheme. THE INFORMATION and Communications Technology Ministry’s plan to provide free broadband Internet access in 30,000 villages nationwide is expected to be further delayed, after the resignation of Minister Uttama Savanayana on Monday. (The Nation, 14/9/16)
  • VAT due for year-long extension. An extension of the 7% value-added tax (VAT) rate for another year will go before the cabinet today, says the head of the Revenue Department.The 7% tax rate is set to expire on Sept 30, said director-general Prasong Poontaneat. VAT was first introduced in 1992 at a rate of 10%, but was immediately slashed to 7% at the request of businesses. The rate has been kept at 7% ever since. (Bangkok Post, 13/9/16)
  • Increasingly risky to delay US rate hike, Fed’s Rosengren says. The Federal Reserve, long hesitant to raise U.S. interest rates, increasingly faces risks if it waits too much longer so a gradual policy tightening is likely appropriate, a top Fed official said on Friday. In another sign that a U.S. rate hike is approaching, Boston Fed President Eric Rosengren said “risks to the forecast are becoming increasingly two-sided.” That means that while a slowdown overseas remains a concern, the U.S. economy has proven resilient and could even overheat if Fed policy remains unchanged for too much longer, he said. (CNBC, 9/9/16) Continue reading WHTW: Top 10