ASEAN KEY DESTINATIONS
Thai Firms approve bond tax
But they say measures to help small and medium-sized operators hard hit by baht appreciation remain few.
However, said the private sector still needed support in the form of tax measures for purchasing machinery in order to help increase their competitiveness, a SME representative said.
The Thai Chamber of Commerce also called on the government to do more to further rein the baht. "Foreign investors have for too long taken advantage of Thailand. The latest strong antidote at least makes foreign investors think twice before investing easily in the Thai bonds, " a chamber leader said.
Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said he agreed the move would help curb foreign capital inflows to some extent.
"The tax exemption on the income that foreigners earn from investing in Thai bonds has pampered foreign investors too much. They need to be kept in check," said Mr. Chookiat. Nonetheless, he said measures to help SMEs remain insignificant.
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