Government Denies Plans to Raise VAT
The government has rejected reports of a planned increase in value-added tax (VAT) from 7% to 10%, calling the claims inaccurate and reaffirming its focus on lowering living costs and…
Thai EV Sales Expected to Rise on New Trade-In Incentives
Thailand’s automotive industry is poised for a boost from the government’s proposed car trade-in scheme, with Omoda & Jaecoo (Thailand) saying the initiative could lift sales, reinforce supply chains, and…
Phuket Long-Stay Visa Rules for Condo Buyers Clarified
Immigration officials and real estate executives have clarified Thailand’s long-stay visa programme for foreign property investors, aimed at boosting demand and easing oversupply in the housing market. The scheme, introduced…
PM Considers 500 Billion Baht Borrowing Plan
Prime Minister Anutin Charnvirakul has tasked his deputy, Ekniti Nitithanprapas, along with the Council of State, to examine the legal framework surrounding a potential emergency loan decree and a possible…
Thai Bond Market Faces Pressure Amid Rising Inflation Concerns
Thailand’s bond market is under increasing pressure as rising oil prices fuel inflation fears, push yields higher, and trigger foreign capital outflows, according to Thai Bond Market Association president Somjin…
Conflict expected to drive condominium demand across key global markets
Thailand’s property market could see increased demand for condominiums and rental homes as people relocate from countries affected by the Middle East conflict, according to Colliers Thailand. Research director Phattarachai…
Thailand Proposes B500bn Borrowing Plan, Seeks to Raise Debt Ceiling
The government plans an emergency decree to borrow 500 billion baht to address economic issues, Deputy Prime Minister Pakorn Nilprapunt said on Monday. The move is justified by tight cash…
Senate Panel Floats VAT Increase to Tackle Rising Debt
The Senate’s Economic, Monetary and Fiscal Affairs Committee has proposed a sweeping tax reform package, including a potential increase in value-added tax (VAT), to address rising public debt that could…
Nighttime Fuel Curfew Under Consideration for Motorists
A potential government move to shut petrol stations overnight as early as this week is expected to raise public awareness about tightening oil supplies and rising fuel costs, which are…
Foreign Investors Exit Thailand as Iran War and Energy Shock Undermine Recovery Outlook
Rising oil prices—approaching $100 per barrel—have highlighted Thailand’s heavy reliance on Middle Eastern energy, which supplies nearly half of its oil and gas. This comes as the country faces mounting…