Hoteliers have shown little interest in the tourism cash handout scheme, citing the low value of the giveaway and the complexity of the process. As of Monday, 13,000 operators were signed up to the scheme. About 70% were shop and restaurant operators. Supawan Tanomkieatipume, president of the Thai Hotels Association (THA), said a key stumbling […]
Read MoreThe prices of local peanut oil and groundnuts, which rose in August, are expected to stabilise this month, says an official with an industry organisation. “Groundnut prices last month rose to a high of K4200 a viss (1.6 kilos) and it caused problems for local edible oil millers. However, new groundnut supplies will enter the […]
Read MoreThe University of the Thai Chamber of Commerce (UTCC) Centre for Business and Economic Forecasting has announced that the confidence index has dropped to 46.5 points, the lowest in 19 months. Thanawan Polvichai, the centre’s director, said entrepreneurs are facing cashflow problems as people’s purchasing power has dropped. The economy is also being affected by […]
Read MoreThe Excise Department has announced that taxes on sugary drinks will double from October 1, with beverages containing 10 to 14 grams of sugar being taxed at Bt1 per 100 millilitres instead of Bt0.5 per 100ml, adding that this tax will not be passed on to consumers despite the higher cost of production. Nattakorn Utensut, […]
Read MoreIN 2018, Malaysia had its first change of government since independence from the British over six decades ago. Hopes were high on the newly elected government, expecting radical changes and improvements in governance. An area of concern is youth unemployment which was at 10.9% in 2018 from 9.9% in 2011 when compared to the total […]
Read MoreThe Excise Department has unveiled an old plan to tax salty foods by setting a ceiling at 2,000 milligrammes per day of sodium as a benchmark to determine the levy rates, a senior official says. Imposing a tax on foods containing high sodium levels follows a similar practice for sugary beverages, said Nattakorn Utensut, deputy spokesman […]
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Thailand
