The SET to extend its crackdown on illegal short selling, mulls changing the law so they can file charges against individuals and companies for such trades, said the chairman. The SET said KKC, JKN, MILL, and MILL-W7 were all supposed to remain suspended, but somehow were allowed to trade briefly yesterday morning, before they realized and suspended them again, therefore SET has cancelled all transactions related to these 4 names, and sorry for inconvenience.
The latest acquittal, after Court ruled 9-0 in a corruption case of fugitive former PM Yingluck Shinawatra has brought her one step closer to returning home, according to a political analyst.
NESDC said personal loans have surged due to a shortage of personal liquidity while credit quality has diminished.
An influx of new property supply from 10 world-class mixed-use development projects located in the CBD is set to transform BKK and TH, including 911,000 sqm of an office space, 534,000 sqm of retail space, and 5,400 sqm of luxury condo, and 5,900 luxury hotel keys, said Jones Lang LaSalle (Thailand) (JLL).
The World Bank is lowering its economic growth forecast for Thailand this year to reflect the delay in fiscal budget disbursement and external risks, noting that Thai interest rates are appropriate, though the government should come up with targeted econ measures.
Thai credit cardholders will be charged a fee of 1% of total spending for FX conversion when spending in THB at overseas merchants using Visa and Mastercard credit cards.
FCDs post healthy uptick in 2023: According to the Bank of Thailand’s database, large local banks offered 12-month fixed-deposit rates for FCDs ranging from 0.4% to 0.6% per year. Foreign currency deposits (FCDs) experienced a robust surge last year, driven by enticing interest rates resulting from global interest rate hikes. Bangkok Post
Ministries vow to ease land & building tax: Call to loosen loanto-value regulations. Mr Paopoom says the proposed improvements to the land and building tax aim to enhance both efficiency of collection and levy an appropriate rate. The Finance Ministry and Interior Ministry have pledged to improve the land and building tax to prevent a negative impact on the public amid several economic challenges. Bangkok Post
BoT aims for lower virtual bank rates, fees: The Bank of Thailand expects the formation of virtual banks to provide reduced interest rates and fees as the operating costs for purely digital banking services are lower without physical branches and fewer staff. Bangkok Post
Government’s set a budget to conduct a feasibility study on building an airport in Northeastern province of Kalasin, which will serve both Kalasin and Maha Sarakham.
