Ministry of Transportation to sign contracts for dual-track projects. Contracts for the Nakornpathom – Huahin and Huahin – Prachuab dual-track projects together worth Bt23.3bn will be signed in September or October. (IQ Biz. 28/8/17)
MALEE and TIPCO will be exempted from sugar tax since their products are based on fruit and are seen as healthy drinks. (Khao Hoon, 28/8/17)
Fiscal Policy Office expects the new Land Tax law to be in effect by 2019. The bill is currently under review by the National Legislative Assembly. (Thai Rath, 30/8/17
The BoT says the economy did well in July, driven by export growth, tourism and government investment. However, farm income contracted for the first time this year. (Thai Post, 1/9/17)
Today, SRT will e-auction the Bt7.7bn Mabkrabao – Jira contract #1. UNIQ, ITD, CK, and STEC are expected to get the project. The auction of two contracts for Prachuab – Choomporn worth Bt12.6bn has been postponed from August 31 to September 5. (Khao Hoon, 1/9/17)
MRTA is in the process of developing Orange East Line (Cultural Center – Minburi). It plans construct to start in September. It targets 400,000 riders per day by 2023. (Thai Post, 1/9/17)
EIA reports hefty fall in U.S. crude supplies, but gasoline stockpiles unchanged. Data from the U.S. Energy Information Administration Wednesday showed that domestic crude supplies dropped by 5.4 million barrels for the week ended Aug. (Marketwatch, 31/8/17)
US revised second-quarter GDP up 3.0% vs 2.7% rise expected. The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter. Gross domestic product increased at a 3.0 percent annual rate in the April-June period, the Commerce Department said in its second estimate on Wednesday. The upward revision from the 2.6 percent pace reported last month reflected robust consumer spending as well as strong business investment. (CNBC, 31/8/17)
ECB’s Mario Draghi says global recovery is firming up, euro climbs. European Central Bank President Mario Draghi said Friday the global recovery is improving, but like an increasing number of financial and business leaders, warned about demographic challenges to growth. (CNBC, 25/8/17)
China official manufacturing PMI is 51.7 for August, above expectations. China reported Thursday that its official manufacturing Purchasing Managers’ Index for the month of August came in at 51.7. Official services PMI meanwhile fell to 53.4 in August from 54.5 in July, the lowest since May 2016. (CNBC, 1/9/17)
