Archive for the ‘NEWS’ Category

The Thai government has decided to postpone the proposed VAT hike planned for next year due to expected economic hardship for people. The government will look to other sources for the necessary funds for water management and infrastructure projects. The government is looking at promotion of trade and investment via the establishing of special economic zones to create more income and the promotion of rubber processing. The government is also […]

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Thailand Property Investments  Business News The Board of Investment (BOI) has accepted 300 billion baht worth of projects for consideration in the service, automobile, chemical product, electrical and electronic product and transport sectors. The BOI expects that requests from investors’ projects will reach 700 billion baht this year. The number of investors arriving in Thailand had risen compared to the same time last year as investors were focusing on long-term […]

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Thai Condominium Association  and Thailand News   The Thai Condominium Association‘s new president has submitted two main proposals to revise the tax structure in the property sector to the NCPO; lowering the current transfer fee of 2% of residential value to zero, and lowering the 1% mortgage fee to the zero as well. This would reduce transaction costs for home-buyers and boost residential demand. Additionally the association continues to lobby […]

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The National Council for Peace and Order has agreed to seek investment promotion for the private sector the Chairman of the Federation of Thai Industries (FTI) announced recently. He said that the NCPO has accepted the private sector’s proposal on a cross border economic zone. This has boosted confidence in investors to continue their ground breaking projects. However, budget approval through the Board of Investment (BOI) needs to be further […]

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Thailand Property News Information Bangkok is voted 3rd time as World’s Best City: http://www.travelandleisure.com/worldsbest/2013/cities Thailand’s Real Estate Information Center (REIC) says low-rise condominium construction and demand in Bangkok is very strong: http://www.bangkokpost.com/business/news/347833/low-rises-back-like-a-phoenix On May 15, 2013, new and very restrictive legislation went into effect that will limit the number of condominium blocks being constructed in the most heavily populated parts of Bangkok – So expect to see the most popular […]

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Moody’s Investors Service reported last week that Thailand’s bond rating remains at Baa1 as it is supported by the government’s strong financial position and its credit is in a good position in comparison to its peers. The country’s debt carrying capacity and monetary policy management remain the country’s core strengths but the ratings service warned that if the political situation continues on into the second half it could lead to […]

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The Revenue Department has proposed that the current VAT of 7% and 20% corporate tax rate be continued for another year but awaits approval from both the Election Commission and the Cabinet. The EC needs to determine whether or not the tax cut extension will be deemed as breaching the Constitution. The old rate was set at 10% and 23%, the extension was due to expire this September 30 but […]

Categories: NEWS