Cabinet Allows Tax Break on Software-related Expenses BANGKOK (NNT) – The Cabinet has approved a measure to allow small-and-medium-sized enterprises (SMEs) to use their software or computer program-related expenses as a deductible against corporate income tax due, at the rate of two times the expense in some cases. Revenue Department Director-General Dr Ekniti Nitithanprapas said…
Exim Bank beefs up new target The Export-Import Bank of Thailand (Exim Thailand) has upgraded its target for new loans this year to 145 billion baht from 138 billion, even with the economy suffering from the pandemic. President Rak Vorrakitpokatorn said he is confident the bank can achieve the new target. Exim Thailand plans to…
Thai Credit Guarantee Corp to assist struggling SMEs saddled with bad debts State-owned Thai Credit Guarantee Corporation (TCG) is preparing to launch a 20-billion-baht bad debt guarantee program to assist struggling small and medium-sized enterprises (SMEs) saddled with bad debts. TCG’s president and chief executive Rak Vorrakitpokatorn said the program will commence in April for SMEs whose loans have turned into special mention loans,…
Federation of Thai Industries says unemployment could hit 8m The prolonged Covid-19 pandemic will likely leave up to 8 million people unemployed by the end of this year, says the Federation of Thai Industries. The economy in the second half of 2020 will not fully recover because the stimulus packages will take time to boost…
Thailand: Optimism In Deep South Despite Spike In Violence And Covid Crisis – Analysis Despite an intensive outbreak of Covid-19 infection clusters within the Thai Deep South, and a sudden spike in violent attacks by separatists, the region continues to display strong economic vibrancy. Major outbreaks of Covid-19 occurred in Yala and Patani, sparked by…
BOI partners with two state banks to help SMEs affected by the Covid-19 The Board of Investment (BoI) will join hands with two state-backed banks to help entrepreneurs affected by the Covid-19 outbreak The Board of Investment (BoI) will join hands with two state-backed banks to help entrepreneurs affected by the Covid-19 outbreak, BoI secretary-general…
SMEs found expanding markets, raising sales, gaining access to loans BANGKOK, 1 May 2019 (NNT)- University of the Thai Chamber of Commerce has unveiled the results of a poll with 1,200 respondents on the upgrade of small and medium-sized enterprises with mostly focusing on quality standard verification labels. The poll has found 44.31% of the respondents already has quality standard verification labels which have…
Understanding Asia’s fast-moving digital ecosystem in 2017, Asia saw 319 million new mobile connections, compared with just 5 million new mobile connections in Europe over the same time period. The digital future of Asia is already here. In China, millions of people enter public transportation each day using their smartphones, emerge and pay for their…
DFT to organize Southern Border Trade Fair BANGKOK, 18 April 2019 (NNT) – The Department of Foreign Trade (DFT) will organize a Southern Border Trade Fair to provide knowledge to entrepreneurs in preparation for accessing the Malaysian market. The event will provide a platform for business negotiations and stimulate the economy, trade and investment in the three southern border provinces. The…
UOB Launches Scheme for Thai SMEs Bank and partners will help SMEs identify relevant technology solutions for their business needs and apply for funding to implement them. United Overseas Bank (UOB) Thailand has launched the Smart Business Transformation Programme to help small and medium-sized enterprises (SMEs) in Thailand to digitalize, the bank announced in a press release…