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Thailand: Baht hits one-year high against dollar

Thailand: Baht hits one-year high against dollar Tuesday, 2 August 2016 – The baht hit a one-year high against the US dollar yesterday, tracking emerging-market currency strength as fading prospects of a US rate increase revved up investor appetite.TMB Analytics vice-president Jitipol Puksamatanan said the baht’s passing of 34.76 against the greenback was a new […]

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Thailand: Excise tax basis set to change

Thailand: Excise tax basis set to change Tuesday, 2 August 2016 – Legal amendments to switch the excise tax basis to state-recommended retail prices from ex-factory prices are expected to come into force by mid-2017, says the Excise Department.The change in the method of calculation will standardise duty collection and create more fairness and transparency, […]

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