Thai 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 […]
Read MoreSOUTH-EAST Asian nations will sign a pact on cross-border bus services and take further steps to integrate the regional air and shipping markets over the next few days, Deputy Prime Minister Teo Chee Hean said on Thursday at the opening of the 23rd Asean Transport Ministers meeting in Singapore. On Friday, ministers from the Association […]
Read MoreSINGAPORE retail sales in August rose 3.5 per cent from a year ago, continuing its positive year-on-year growth seen in previous months, based on data released by the Department of Statistics on Thursday. With motor vehicles sales stripped out, retail sales rose 3.7 per cent year on year. Most categories showed better retail takings in […]
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