MANILA, Philippines — The rise of the tourism sector’s contribution to the Philippine economy in 2021 helped the country rank as the world’s fourth fastest-growing economy last year. This was stressed by World Travel and Tourism Council President Julia Simpson at a press conference on the first day of the global summit being hosted by […]
Read MoreThe number of air travellers using Suvarnabhumi airport more than doubled during the Songkran festival, an official said. Airport general manager Kittipong Kittikachorn said on Wednesday a total of 585,075 passengers used the country’s main airport from April 9-18, a 119% jump from the Thai New Year period last year. The official said an average […]
Read MoreUp to 104,000 single-use plastic bags are used at supermarkets each day, equivalent to 38 million bags a year. Retailers that provide single-use plastic bags to customers will be fined from 2026, said an official of the Institute of Strategy and Policy on Natural Resources and Environment (ISPONRE) at a seminar summarising the PLASTIC ALLIANCE […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) has expanded the coverage of its digital platforms to 4.63 million business taxpayers last year, up by more than five percent from 4.41 million in 2021. The BIR yesterday said its digitalization transformation (DX) program now captures all of the new players in its taxpayer registry. […]
Read MoreThe baht opened at 33.81 to the US dollar on Thursday, weakening from Wednesday’s close of 33.76. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.75 and 33.90 during the day. Poon said the baht would swing sideways as it was pressured by dividend transactions and gold sales after investors […]
Read MoreThe Bank of Thailand’s (BOT) Monetary Policy Committee adjusted down its estimation of gross domestic product (GDP), stipulating that in 2022 the economy would expand by 3.2 per cent instead of its previous 3.4 per cent estimation. It also adjusted down its GDP expansion forecast for 2023 from 4.7 to 4.2 per cent. BOT director […]
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Thailand
