VAT rate kept at time-honoured 7% to help recovery. The cabinet yesterday approved the extension of the 7% value-added tax (VAT) rate for another year, saying a hike could derail the economic recovery. (Bangkok Post, 15/8/2017) Thai–Chinese railways could be signed soon. The Ministry of Transport is going to propose the construction structure of the […]

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Don’t know what to do today? Stop everything and just read this latest memo from Howard Marks The basic proposition is simple: Investors make the most and the safest money when they do things other people don’t want to do.  But when investors are unworried and glad to make risky investments (or worried but investing […]

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Revenue Department will propose sugar tax regulation to cabinet in August, to take effect on September 16. Producers will be given a two-year grace period. (Khao Hoon, 31/7/17) Credit Card business association says three-lender system very damaging. The Credit Card Business Association said that the BoT’s policies to curb credit cards and personal loans will […]

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A potential sudden increase in bond yields have been on my mind for a long time, and if you’ve been reading Bill Gross’s monthly commentary’s for the past few years it’s been the only topic on his mind as well. I can quite easily picture a scenario where yields in the US go up higher […]

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There’s a lot of sectors in the red…and unless the government pulls a magical rabbit out of the hat, I have my doubts that the market will remain positive by year end. Consumer spending may still be weak, infrastructure spending isn’t exactly setting things alight and won’t really impact the economy until 2019 at the […]

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Minister of Transportation to propose Purple Line to cabinet this week. The contract for the Thai-Chinese railways will not be finished this month. (Thai Post, 24/7/17) Finance seeks cabinet nod for B40bn in handouts. The Finance Ministry will seek cabinet approval in the next week or two for a 40-billion-baht budget to assist people who […]

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And so the bank earnings came out with a general disappointing trend across the board. The next 3 weeks will be fun as every other company will be releasing their 2Q #’s by mid August. Is there anything else interesting? The THB has continued its recent strengthening trend and finally the electronic manufacturing names are […]

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Bt15bn to be injected into communities. THE National Village Fund plans to inject Bt15billion into the grassroots economy next month in a bid to shore up consumption in rural areas amid declining prices for farm products and rising household debt. (The Nation, 18/7/2017 FTI: Car exports to disappoint for 2nd year. Vehicle exports are likely […]

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ITD, CK, STEC, UNIQ, TRC and PLE sent documents for Hua-Hin and Prachuab dual-track projects worth Bt7.3bn. The e-auction will be held on 27 July 2017. (Khao Sod, 7/7/2017) Progress on Thai high-speed trains today. Rayong high-speed lines to connect Don Mueang, Suvarnabhumi, and Utapao airports worth Bt200bn. The auction will be held on November […]

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