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Government May Hit Pause On Equity Tax

THB

Spot USD/THB continues to trade on a heavier footing and last deals -0.015 at THB34.133, narrowing in on key support from May 5 low/round figure of THB34.018/34.000. Bulls look for a rebound above May 13 high of THB34.783.

  • Thai FinMin Arkhom said the government is waiting for the "appropriate time" to impose a tax on stocks trading. He added that the economic recovery is still progressing at a slow pace and the government wants to see stronger rebound.
  • The Cabinet gave a nod to the extension of hotel subsidy scheme to assist the ailing tourism sector until September. The previous expiry date of the programme was May 31.
  • Thailand's Customs Department will publish trade data at some point this week, there is no fixed time of the release.
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