SEC’s banned local investors from buying NVDR from April 1, to prevent them from using NVDR to avoid regulatory oversight.
A total of 10,589 were booked during first 5 days of BKK Moto Show 2024, including 9,462 cars and 1,127 bikes.
Bracing for the budget boom: Industries are readying themselves for a huge injection of government cash after the 3.48-trillion-baht budget bill was finally approved by parliament after months of delay. After a delay of six months, the government’s 3.48-trillion-baht budget bill was finally approved by parliament on March 22, followed by the senate on March 25.
Tourism Authority (TAT) projects that FY24 international arrivals will exceed 36m after welcoming 9.37m in 1Q24, focusing on digital marketing to reach international audiences.
Finance Ministry to propose an increase in the limit on home price eligible for a reduction in the transfer fee and mortgage registration fee to Bt5m, from the current level of <Bt3m, to stimulate the real estate sector.
Songkran a boon for tourism income: Domestic revenue set to reach B52.5bn. This year’s 21-daylong Songkran festival is projected to generate 52.5 billion baht in domestic tourism revenue, with provinces in the East securing the most income, according to the Tourism Authority of Thailand (TAT).
Price limit change to aid would-be buyers: The Finance Ministry looks set to propose an increase in the limit on home prices eligible for a reduction in the transfer fee and mortgage registration fee to 5 million baht, from the current level of less than 3 million baht, in an effort to stimulate the real estate sector.
World Bank cuts Thai growth forecast: The World Bank has slashed its forecast for Thailand’s GDP growth in 2024 to 2.8%, citing a global trade slowdown and delays in the country’s fiscal budget disbursement.
All imported goods now face VAT: Move aims to assist small local businesses. Following a mandate from Prime Minister Srettha Thavisin, the government looks set to impose a 7% value-added tax (VAT) on imported goods valued from one baht up, commencing in May.
Bond default risk minimal in Q2: The likelihood of bonds defaults in the second quarter is relatively low, with total default value projected at less than 1% of the total outstanding market value, says the Thai Bond Market Association (ThaiBMA). Ariya Tiranaprakit, executive vice-president of ThaiBMA, said the trend of postponing bond payments started following the pandemic, driven by higher interest rates the past three years.
