Internet search engine Google has officially opened its representative office in Thailand in a drive to boost local content of its web services and the visibility of its business online.
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The roller-coaster continues
Recap: The Stock Exchange of Thailand caught the S&P Flu along with the rest of the world last week but staged a modest rebound after the US Federal Reserve pledged to keep interest rates near zero for two more years if that’s what it takes to get the world’s largest economy moving again.
Long-term impacts on Asia Pacific expected: S&P
There will be no immediate impact on AsiaPacific sovereign ratings resulting from the lowering of the issuer credit ratings on the US to ‘AA+’ on Friday, Standard & Poor’s Ratings Services said today amid selloffs across the region.
ADB expects Thailand’s 2011 growth at 4-4.5%
Thailand could witness its economic growth slow to 4-4.5 per cent this year, given its automotive sector hit by the supply chain disruptions from Japan’s disasters and the tightened monetary stance to curb inflation, according to the Asian Development Bank.
Populist policies ‘may hit growth of businesses’
Key elements of the incoming government’s populist policies, particularly the planned increase in the minimum wage and heavy subsidies, are a major concern for companies, as they fear the measures will slow the business sector down over the remainder of the year and during 2012.
Revenue Department ready to cut corporate tax
The Revenue Department is ready to cut the corporate income tax rate, though it is also proposing a rise in the value-added tax (VAT) rate, says Satit Rungkasiri, director-general of the department.
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No sign of bubbles in banking sector
The governor of the Bank of Thailand has expressed confidence that there were no signs of bubbles in the banking sector, which witnessed average loan growth of more than 10 per cent in the first half of this year.
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Auto industry to miss export target
The Thai automotive industry is likely to miss its export target of 1 million units this year because of a shortage of car parts over the past two months resulting from the earthquake and tsunami in Japan, the Automotive Industry Club under the Federation of Thai Industries (FTI) says.
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Hangover 2 spawns new tourism route
The Thai tourism industry can thank the Hollywood film Hangover 2 for creating a new tourism route for fanatics wishing to follow the movie’s shooting locations in Thailand.
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June data shows four-year high despite unease
The Thai Consumer Confidence Index (CCI) surged to 81.7 points in June, the highest in four and a half years, with consumers expecting the new government’s policies to result in better economic conditions.
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Featured Posts
Featured Posts on Thaivest Thai Stocks, Trade & Investment Research.
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Jay Mart Plc was established on Dec 27, 1988 with registered capital of 2 million baht, initially selling electrical appliances ... ∞
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