The Internal Revenue Department (IRD) received total tax revenues of some K2.2 trillion between April 1 and September 30 of the current fiscal year. That is K500 billion more than what it collected during the same period last year. During the current government’s term, the number of taxpayers and tax revenue has increased, but the […]
Read MoreThe University of the Thai Chamber of Commerce (UTCC) has increased its forecast for GDP growth in 2017 to 3.9%, up from the previous forecast of 3.6% as hefty exports and a growing tourism industry support the upgrade. The UTCC also forecast exports this year to grow 7.5% in line with the Commerce Ministry outlook. […]
Read MoreThai oil consumption is expected to grow by 10% this year for both diesel and petrol as demand is increasing even as retail prices rise, says the Department of Energy Business (DOEB). DOEB director-general Witoon Kulcharoenwirat said retail prices of petrol and diesel have risen by around 2-3 baht per litre this year, but fuel […]
Read MoreThe Tourism Authority of Thailand (TAT) is setting aside its proposed tax deduction for domestic tourism until next year, saying the scheme requires better understanding and collaboration with the Finance Ministry. The TAT is likely to do a rethink in early 2018 after the Finance Ministry rejected the plan in September over doubts about whether […]
Read MoreThai Beverage Public Co has acquired a combined 75% stake in two Myanmar distilleries in a deal worth $742 million, hoping to tap into growth in the country’s nascent spirits market. ThaiBev acquired the 75% stake in Myanmar Supply Chain and Services Go (MSCS) and Myanmar Distillery Co (MDC) from four third-party vendors, including Texas-based […]
Read MoreThailand welcomed 26.9 million foreign tourists from Jan 1 to Oct 11 and generated tourism revenue of 1.37 trillion baht, up 5.6% and 7.6% respectively compared with the same period last year. Tourism and Sports Minister Kobkarn Wattanavrangkul said the Chinese remained at the top of international arrivals with 7.63 million. During China’s national holiday […]
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