Prayut hails B300bn EEC investment: Saudi Arabia will invest 300 billion baht in various industries, including tourism, energy and medical care, next year, according to a government spokesman. Bangkok Post
Mingkwan set for unveiling at PPRP: The former leader of the New Economics Party (NEP) Mingkwan Sangsuwan will join the Palang Pracharath Party (PPRP), where he is tipped to lead the party’s economic team, said a source within the party. Bangkok Post
Jet fuel demand drives surge in consumption: Thai fuel consumption rose by 15.4% year-on-year during the first 10 months of 2022 as the pandemic eased, driven by an upsurge in jet fuel demand, says the Department of Energy Business. Bangkok Post
Credit bureau wary of digital loans: Household debt still on upward trend. The National Credit Bureau (NCB) expects household debt in terms of loan amounts will continue to increase, despite the decline in the household debt-to-GDP ratio. Bangkok Post
Imminent increases in Ft rate to >Bt5/unit is to benefit GPSC, GULF, and BGRIM, Tabloid.
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is opposing the Bt600 daily minimum wage, as it could affect the business sector’s competitiveness, but the Pheu Thai Party, who proposed this election campaign, said wage will be raised only when the econ is back on track.
10m foreign tourist target nears: Arkhom lauds firm, steady recovery. The economy remains firmly on a path towards economic recovery despite growing uncertainties from inflation, geopolitical risks and a potential global recession next year, the finance minister said yesterday. Bangkok Post
Interest stirs: SCB, KBank already raise interest levels. SCB and KBank already increased prime interest rates for both deposits and loans following the central bank’s recent policy rate hike. Local banks are raising rates this week and next in response to the Bank of Thailand’s recent hike. Bangkok Post
Mercedes (TH) signs agreement with dept of excise to obtain incentive measures for imports of EVs.
Revenue Dept said equity sale tax has been vetted by Council of State and now pending royal endorsement, before being promulgated in the Royal Gazette, to be effective from May 1. Yet no details on its implementations.