Income from government infrastructure to be taxed. The Ministry of Finance plans to tax income from parties who generate income from government infrastructure projects. It will open discussion before proposing this to cabinet. Those with revenue higher than Bt50mn are expected to pay this tax. (Thai Post, 2/6/17) BoT eases up on forex regulations. The […]

The reversal from last year on a sector basis is still comfortably under way. Interesting to see that the automotive sector has somewhat recovered from its doldrums from the post-yingluck government first car buyer scheme. But we are still seeing tonnes of inventory sitting around the world/region/country that has worried for this sector.

Interest rates to stay at ‘extraordinary’ low levels, says Draghi. Interest rates have to stay at record low levels despite the resurgence in the eurozone economy because the upturn may not be sustainable, Mario Draghi told MEPs. “Despite a firmer recovery, and looking through the volatile readings in HICP inflation over recent months, underlying inflation […]

The SET has delivered +1.7% for the year and the change in sector is still the same, i.e healthcare leading the decline and industrials keeping the market up.

Fed’s Kaplan backs view for two more rate hikes this year. Robert Kaplan, the president of the Dallas Fed, said he wasn’t worried about the strength of the economy or the outlook for inflation and said he expected the U.S. central bank to raise short-term interest rates twice more this year. With growth registering only […]

Returning from my overseas trip I see that everything has gone read this year and that makes me happy. So the story hasn’t changed, its been the same for the past few years, valuations are fairish, the government is still trying to figure out how to run an economy, and tourism is rocking n rolling.

Ministry of Transportation to propose a Bt340bn increase in 2018 budget to the cabinet next week in order to fund megaprojects, i.e. two motorways and four airport improvement projects which include the development of 28 provincial airports. (Matichon, 2/5/17) Consumer prices up for 13th month. Consumer prices, which gauge the country’s inflation rate, rose for […]

Thai banks’ NPLs increased to Bt400bn in 1Q17, up 5%YoY, led by the big banks; KTB, BBL, and SCB. This is due to the slow economic growth that affects debt payment ability of SMEs. (Bangkok Biz, 21/4/17) MRTA’s boards to cut Orange-line mass transit budget in Cultural Center and Talingchan stations by Bt1.8bn. (Thai Post, […]