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VAT refunds surge after reopening

VAT refunds surge after reopening

Tourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit.

06:02 3
Alcohol laws

Alcohol laws

The two main parties trying to form a government seek reform to open up local beer and liquor production.

06:34 10

Dassault Systèmes unit cultivating future mobility

A 3D modelling, simulation and analytics capability that uses social collaboration is empowering "virtual twin technology" to become a new tool to transform future mobility and help smart cities deal with traffic congestion and air pollution, according to the France-based 3D design software firm Dassault Systèmes.

05:03
Dassault Systèmes unit cultivating future mobility

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.7947
37.5449
GBP
42.6095
43.4717
HKD
4.3858
4.4796
JPY
24.5136
25.2259
USD
34.5684
34.8953
CNY
4.8231
4.9645
Source: Bank of thailand (1 Jun 2023)

SET

SET
1,533.54
-1.27
SET50
924.65
-2.26
SET100
2,059.87
-4.76
sSET
995.87
+4.01
SETCLMV
864.70
-6.15
SETHD
1,129.18
-8.32
SETTHSI
979.24
-3.21
Source: settrade.com (1 Jun 2023)
LATEST
20:36

Sports tabloid closes after 30 years

The Star Soccer daily newspaper closed on Wednesday after three decades of sports coverage.

20:36
Sports tabloid closes after 30 years
15:45

Markets tumble as Republicans threaten US debt deal

HONG KONG: Asian markets sank on Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.

15:45
Markets tumble as Republicans threaten US debt deal
15:45

Deal averting US default clears first hurdle

WASHINGTON: A deal to raise the US debt ceiling passed its first major test in Congress on Tuesday, surviving a crucial procedural vote amid a conservative backlash that resurrected the threat of the country's first-ever default.

15:45
Deal averting US default clears first hurdle
15:45

Australian casino group fined US$290m for lax controls

SYDNEY: Australia's Crown Resorts is set to pay a civil penalty of A$450 million (US$290 million) for lax money laundering controls that saw cash being carried into a casino in paper bags, shoe boxes and suitcases.

15:45
Australian casino group fined US$290m for lax controls
14:17

BoT raises key rate another quarter-point

Bank of Thailand raises key interest rate another 25 basis points to 2%, citing the need to curb inflation risks, but forecasters say the increase is probably the last for this year.

14:17 4
One more hike
12:20

April factory output drops 8%, worse than forecast

Thailand's manufacturing production index (MPI) in April contracted by a more-than-expected 8.14% from a year earlier, as exports slowed and production costs rose, the Industry Ministry said on Wednesday.

12:20 3
April factory output drops 8%, worse than forecast
10:03

Thai online marketplaces finally move into profit

Thailand's e-marketplace players are shifting to profitability after almost a decade of losses, attributed to cautious spending, operating adjustments and increasing service fees.

10:03
Thai online marketplaces finally move into profit
09:17

Sappe sets aside B1bn for new   warehouse, production line

Sappe Plc, the manufacturer of drinks under the Sappe brand, is to build a new automated warehouse, establish a production line and implement a cost reduction scheme to cope with the new government's pledge to raise the daily minimum wage.

09:17 1
Sappe sets aside B1bn for new   warehouse, production line
09:15

New government urged to avoid excessive spending

The stock market will be gripped by panic if the new government is "addicted to budget deficits", raising doubts about fiscal sustainability, says Kiatnakin Phatra Securities (KKP).

09:15 2
New government urged to avoid excessive spending
08:14

Sector pushed on refining accessibility

Accessible tourism operators are urging the Tourism and Sports Ministry to turn Thailand into a destination friendly to disabled and elderly people by setting a long-term action plan and prioritising this agenda.

08:14 1
Sector pushed on refining accessibility

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.7947
37.5449
GBP
42.6095
43.4717
HKD
4.3858
4.4796
JPY
24.5136
25.2259
USD
34.5684
34.8953
CNY
4.8231
4.9645
Source: Bank of thailand (1 Jun 2023)

SET

SET
1,533.54
-1.27
SET50
924.65
-2.26
SET100
2,059.87
-4.76
sSET
995.87
+4.01
SETCLMV
864.70
-6.15
SETHD
1,129.18
-8.32
SETTHSI
979.24
-3.21
Source: settrade.com (1 Jun 2023)