BoT governor hints at recovery in early 2023: State policies must be accommodative. Thailand’s economy could return to levels logged before the pandemic in the first quarter of 2023, according to the Bank of Thailand governor. Bangkok Post
Price push: Office cites cost-push factors as cause. Thailand’s average headline inflation was 1.15% year-onyear and core inflation 0.21% for the first 11 months this year. Higher imported raw materials, a recovery in domestic demand and relatively costly oil are primed to power inflation in 2022. Bangkok Post
Latest Power Development Plan (PDP) will promote and emphasize more alternative power/energy, such as hydro, wind and waste, which will benefit EA, GUNKUL, ACE and TPCH, and reduce reliance on gas, solar, and bio-mass, Tabloid.
Finance Ministry has planned to collect 0.1%stock sales tax for retail investors with turnover of more than Bt1 m/month, Tabloid.
State offers perks to increase sales: Price subsidy planned for 2022. The government plans to require car makers in Thailand to lower their electric vehicle (EV) price tags and produce EVs here within three years for both domestic and export markets in order to obtain combined tax incentives and price subsidy support, according to Finance Minister Arkhom Termpittayapaisith. Bangkok Post
US auto firms committed to Thai hub: US auto firms remain keen to use Thailand as a regional production base, focusing more on electric vehicles (EV) after Ford Motor Co last Wednesday unveiled an investment of US$900 million to upgrade factories in Thailand that build its Ranger pickups and Everest SUVs, its largest outlay in the country. Bangkok Post
Ministry of Finance is expected to announce EV stimulus next week, EV <Bt2m will receive 20% price cut, lower import duty and excise tax subsidized by EV fund, EV >Bt2m will receive incentive at lower rate, but under the condition that the ratio for locally made must be 1.5 : 1 imported.
US auto firms remain keen to use Thailand as a regional production base, focusing more on EV after Ford Motor Co last Wed unveiled an investment of US$900m to upgrade factories in Thailand that build its Ranger pickups and Everest SUVs, its largest outlay in the country.
Casino complex panels set up: 5 sub-committees to study stalled project. An extraordinary House committee looking into a proposal to build a casino entertainment complex has set up five subcommittees to study the issue, said Phada Worakanont, a Palang Pracharath Party (PPRP) MP and spokeswoman for the House committee. Bangkok Post
NBTC board quiet on merger of DTAC, True: The existing National Broadcasting and Telecommunications Commission (NBTC) board is holding back on pushing for any resolutions to govern the planned merger of Total Access Communication (DTAC) and True Corporation, as the Senate will vote on the candidates of the new board members on Monday. Bangkok Post