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Business survey gives government passing grade (Bangkok Post)

August 5, 2009 in Politics, Thai Economy

Businesses have given the Democratled coalition government a passing grade for its performance over the past six months. But the government received a thumbs-down for its policyof raising excise tax on fuel and its inability to settle political differences and address tightfinancial and credit liquidity for the private sector, according to the survey by the [...]

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Thai consumer confidence rebound (Nation)

August 5, 2009 in Thai Economy

Thai consumer confidence rebound- Consumer confidence in Thailand is on the rebound, climbing from 81 index points in March to 86 at the end of June, according to a Nielsen Global Consumer Confidence Survey. Conducted in 28 markets in June, the survey also revealed that global consumer confidence had increased from 77 points in March [...]

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Property-tax review likely to suit new law (Bangkok Post)

August 3, 2009 in Property Development, Thai Economy, Thai Industry News

Property-tax review likely to suit new law- Existing property-related taxes should be overhauled to help reduce the burden on the public after the new land and building tax is implemented, said Klaew Thongsom, head of the Treasury Department’s property valuation bureau. Property buyers and sellers are now subject to five types of taxes, including stamp taxes, income [...]

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Hotel occupancy down across Asia

August 3, 2009 in Thai Economy, Travel & Hotel

Hotel statistics released last week by Smith Travel Research indicated that Bangkok and Phuket were among the Asia-Pacific cities reporting the highest declines in occupancies and average room rates in June 2009 over June 2008. Of the four regional markets that reported occupancy decreases of more than 20%, Bangkok was ahead with a fall of -31.6% to [...]

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Production improvement from exports in June

August 3, 2009 in Thai Economy

Production improvement from exports- June indicators confirmed modest recovery in production. Manufacturing production rose 3%MoM, another positive growth for the past five months. On a yearly basis the index fell 7.8% vs 10% fall in May. Production improvement confined to hard disk drives, canned seafood and electrical appliances from pick up in exports. Auto production improved [...]

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Tour booking rise spurs hope

July 31, 2009 in Thai Economy, Thai Industry News

e Association of Thai Travel Agents expects tourism to start picking up in the second half after a revival in advance bookings from short-haul travellers.

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H1N1 could knock 2.2 percentage points off Thai economy

July 30, 2009 in Thai Economy

The H1N1 flu pandemic could cause the economy to contract by 2.2 percentage points this year in a worst-case scenario, the Fiscal Policy Office says.

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Thai Bank NPL fell slightly

July 29, 2009 in Company News, Thai Economy, Thai Industry News

The banking system’s nonperฌforming loans eased to 5.37 per cent of total loans last month from 5.5 per cent in May and 5.48 per cent in March, indicating improving ecoฌnomic conditions.

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