Slow economic recovery will limit Thai banks’ performance: Fitch Ratings

Slow economic recovery will limit Thai banks’ performance: Fitch Ratings

Economics

Slow economic recovery will limit Thai banks’ performance: Fitch Ratings Thai banks’ operating environment remains challenging due to a slow economic recovery and continued downside risks from the fallout of the Covid-19 outbreak, Fitch Ratings said. It will be particularly demanding for vulnerable bank clients, especially small businesses.Still, the risk of a severely stressed macroeconomic…

Thailand adds fresh tax breaks to stimulus to spur growth

Economics

Thailand adds fresh tax breaks to stimulus to spur growth BANGKOK (BLOOMBERG) – Thailand will extend tax incentives to millions of its middle and upper income groups to fire up consumption and counter the nation’s worst economic slump triggered by the coronavirus pandemic. The concession will allow about 3.7 million taxpayers to deduct 30,000 baht…