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Political uncertainty weighs on Thailand’s consumer confidence

Thailand’s consumer confidence index (CCI) for the month of April plunged to 79.2 points – the lowest in 16 months. Mr. Thanawat Pholvichai, director of the economic and business forecast centre at the University of Thai Chambers of Commerce (UTCC), said that...

Student loan funds to be given to students in 10 targeted industries

BANGKOK, 8 May 2019 (NNT) - The Ministry of Finance and Student Loan Fund are providing loans for students at Bachelor and Vocational levels who graduate in the fields which are most in demand by 10 targeted industries...

Banks to automatically submit savings accounts interest data to RD; interest less than 20,000 baht exempted from tax

BANGKOK, 5 May 2019(NNT) - On discussions regarding savings account interest tax deductions, the Revenue Department (RD) has reached a conclusion requiring all banks to submit savings account interest payment data to the RD, with all interest payments...

Thai economy to grow 3.6% in 2019

BANGKOK, 27 April 2019 (NNT) – The overall Thai economic prospects still see continuous growth potential from private investments and tourism, while the establishment of an elected government will help bring back capital to the market, according to Siam Commercial Bank. Siam...

EPPO explains expensive oil, and smuggled oil in South

BANGKOK, 3 May 2019 (NNT) - EPPO explains oil price, and smuggled oil selling in the South The problem of high oil prices, is prompting motorists in southern provinces to buy smuggled oil from Malaysia. The Energy Policy and...

Thailand’s cross-border trade in Q1 increase by 1.86%

BANGKOK, 2 May 2019 (NNT) - The Department of Foreign Trade has unveiled the gross value of Thailand’s cross-border trading with immediate neighboring countries during this year’s first quarter has amounted to 342.63 billion baht, accounting for a...

UTCC forecasts 3.8% economic growth this year

BANGKOK, 30 April 2019 (NNT) - The University of the Thai Chamber of Commerce (UTCC) has maintained its economic growth forecast for this year at 3.8 percent. It is not yet able to evaluate the expected new government...

Thais spend Bt250 billion annually on lottery and lotto

At least twice a month –- on the first and sixteenth days – millions of Thais hope and pray that their fortune will change. They are glued to their TV set or mobile phones, anxiously waiting for lottery results praying for a...