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Update: Tue, Jan 24 2017    

Taxpayers should pay attention to special allowances granted for 2016

IT IS TIME to start preparing your 2016 personal-income-tax filing. There are things to consider and new items you should be aware of. Last year, in order to encourage domestic spending, the government issued a number of notifications of special tax allowances, including the following.

TMB Bank expects only slight increase in GDP expansion

OVER-DEPENDENCE ON tourism and state spending as economic drivers means growth this year will not be robust, according to TMB’s head of capital markets, Saranya Phuphatana.

SC Asset plans double-digit growth to Bt20 bn revenue

SC ASSET Corporation targets revenue of Bt20 billion in 2019 as it drives income growth of more than 10 per cent a year. It is launching 17 residential projects worth Bt27 billion this year.

Hotelier group talks up quality as Phuket’s long-term edge

THE NEWLY launched Phuket Hotels Association (PHA) is set to rebrand the resort island as a “truly” quality destination and pave the way for long-term growth.

Healthier view for economy spurs new firms

REGISTRATIONS of new companies are expected to see a healthy rise of 3 per cent this year, reflecting a more positive outlook for the economy and growth in investment and tourism, government officials say.

Mobile LTE becomes Thailand’s second satellite operator

MOBILE LTE will become the country’s second satellite operator after the National Broadcasting and Telecommunications Commission’s telecom committee approved a licence for the company yesterday.

B/ES PAID, NMG CHAIRMAN SAYS

Nation Multimedia Group chairman Thepchai Yong says the company has redeemed all of its due bills of exchange, including those due this month, worth a total of Bt360 million, while planning to deal with its B/Es that will be due in the future.

'Bio-economy' to draw Bt400 bn

THE GOVERNMENT yesterday announced the launch of its ambitious “bio-economy” scheme, which it expects to draw Bt400 billion worth of investment from the private sector during the next 10 years.

Americans ‘will keep investing’

AMERICANS will keep investing in Asean, despite President Donald Trump’s policy to encourage them to invest in their home country to |stimulate domestic employment, Commerce Minister Apiradi Tantra-porn said yesterday.

Mushroom’s SME programme crosses the borders

MUSHROOM Television Co is taking its hit SME programme “Young Self-Made Millionaire”, which has been airing on MCOT for five years, to Laos next month, and to Vietnam and Cambodia in March.

The human cost of globalisation

AMERICAN ECONOMIST Eric Maskin, the 2007 Nobel laureate recognised with Leonid Hurwicz and Roger Myerson “for having laid the foundations of mechanism design theory”, was in Bangkok recently to talk about why global markets have failed to reduce inequality at a lecture organised by Bridges, Thammasat University and the International Peace Foundation.

Using data to deal with ever-evolving nature of fraud

PRIME MINSTER Prayut Chan-o-cha, aware of the damage corruption causes, made anti-fraud measures one of the national priorities for both the public and private sectors. Thai private company leaders can fast-track anti-fraud programmes, reducing risk to their bottom line, which addresses a government priority.

Market Watch

Global events including Trump inauguration affecting markets

BBL mulls monthly premiums to woo first-jobbers to savings-linked insurance

BANGKOK BANK is considering designing a monthly-instalment premium payment product for long-term, savings-linked life insurance for the first-jobber segment, in an effort to get young salary earners to maintain their financial discipline – and at the same time expand the bank’s customer base.

Iranian buyers hatch deals in Bangkok trade match-up

THAI TRADERS and Iranian importers have been brought together under an initiative to boost trade opportunities between the two countries.

SCB targets mass-affluent under ‘Prime’ sub-brand

SIAM Commercial Bank has invested Bt150 million to build financial products and services under a new SCB Prime sub-brand, in order to cater to the mass-affluent customer segment and drive the bank’s assets under management (AUM).

MCOT aims to bounce back

MCOT aims to transform itself from a struggler to a top-10 TV broadcaster this year and turn a profit at the same time, with the planned reversal mainly driven by a revenue contribution from government sector, according to the boss of the state media enterprise.

MCOT’s plea to import equipment raises doubts

MCOT RECENTLY asked the National Broadcasting and Telecommunications Commission (NBTC) for permission to import equipment that it will use in co-|operation with True Corp and Advanced |Info Service (AIS) to operate wireless |services on its portion of the 2.6 gigahertz spectrum.

SEC not worried about impact of B/E defaults

THE SECURITIES watchdog has said it is not worried about defaults involving millions of baht worth of bills of exchange (B/E), saying the exposure is very low compared to the total bond market.

Firms flaunt French connection

TWO THAI corporations, Double A and Sea Value, will ramp up their investments in France by several billion baht, a seminar held by the French Embassy in Bangkok heard.