Tuesday, July 23, 2019


Jan 24. 2019
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By The Nation

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The confidence index on modern trade rose in the fourth quarter of last year, from the previuos quarter, ahead of the country's election and the five-per cent value added tax (VAT) refund on purchases during the forthcoming Chinese New Year, according to a survey by the Centre for Business and Economic Forecasting University under the Thai Chamber of Commerce.

Thanavath Phonvichai, director of the centre, said that the confidence index on modern trade reached 52.1 in the last quarter of 2018, compared to 51.7 in the previous quarter.

The survey was conducted on 78 large-sized modern trade operators in Thailand from December 25 last year to January 19 this year.

Arrivals of foreign tourists rose in the quarter and the New Year period, while the government introduced stimulus measures including low-income earners' welfare card, shopping for the nation, reduction of corporate income tax, Thanavath said.


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