The move to revise the leasehold act and extend the lease period from 30 years to 50 years will be good for developers who offer residential homes to foreigners, both in Bangkok and at tourist destinations, property experts said.
THE STRONG confidence shown by public and private enterprises with their investment budgets is good reason to believe that Thailand’s economy will grow by more than 3 per cent this year, economic experts said.
Thailand’s corporate and state enterprises plan to invest more than Bt1 trillion this year, including in projects eligible for tax incentives from the Board of Investment (BOI), according to a survey by The Nation.
All penalties, criminal fines and surcharges imposed under any tax laws can no longer be claimed as a deductible expense. Section 65 ter (6) of the Revenue Code provides that penalties, criminal fines and surcharges are disallowable expenses in the determination of taxable net profits.
In midMarch, the US Federal Reserve decided to raise its benchmark interest rate by 25 basis points to 0.751.0 per cent and expects to raise it two more times this year, provided inflation is higher. The US inflation rate was 2.7 per cent in February, which made the real interest rate minus1.7 per cent.
WITH sales showing strong growth during the first two months of this year, automakers are making sure the trend will continue with a large collection of new models to be launched at this year’s Bangkok International Motor Show.
OHO has launched a new social commerce platform service called JPN Marketing to provide effective integrated online marketing which targets online entrepreneurs and aims to create economic value of Bt5 billion annually.
The Intellectual Property Department has warned Thai enterprisฌes to beware of using imitation words to name their products as it could breach the intellectual property right on Geographical Indication (GI).
Nay Pyi Taw - An amendment to the Myanmar Companies Law is under way, and is currently in the hands of the Bill Committee, and will be discussion at the coming parliament, said Aung Naing Oo, secretary of Myanmar Investment Commission.
THE FINANCE Ministry has been studying ways to amend the law to extend the length of time foreigners can hold land and property in Thailand to 50 years from the present 30 years in order to boost the real-estate sector.
IN LINE with market expectations, the US Federal Reserve raised its policy interest rate by 25 basis points to 0.75-1.00 per cent last week. The higher rate with the hint at three more increases this year has affected the global market positively.