The cabinet has approved the new excise tax structure for cigarettes, expected to come into effect this Friday, according to a Finance Ministry source. The source said that all details will be disclosed by the Excise Department on Thursday at 4pm, after the new tax rate is published in the Royal Gazette. At present, a 20% […]
Read MoreThe cabinet resolved on Tuesday to extend the Special Tourist Visa (STV) programme for one year until Sept 30 next year to woo well-to-do visitors. Deputy government spokesperson Traisuree Taisaranakul said the cabinet approved the proposal from the Tourism and Sports Ministry to extend the special visa programme for visitors’ long stays from its original […]
Read MoreThailand’s economy is forecast to grow 1% this year, down from the 2.2% projected in July, hit by a spike in Covid-19 cases and a delayed reopening to visitors, the World Bank said on Tuesday, as the country fights its biggest virus outbreak to date. The economy contracted 6.1% last year, its deepest slump in […]
Read MoreKUALA LUMPUR, Sept 28 — Malaysia’s imports grew by 20.4 per cent from January until August 2021 compared to the same period last year, according to the Ministry of International Trade and Industry (Miti). In a statement, its minister Datuk Seri Mohamed Azmin Ali said China continues to be the leading source of imports with […]
Read MoreEconomic recovery in Laos slowed amid a second wave of the Covid-19 pandemic that has led to lockdowns and lower consumer spending, according to a report released by the Asian Development Bank (ADB). The country’s economy is expected to grow by 2.3% in 2021, compared with the 4.0% expansion forecast in April, according to the Asian […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may hike interest rates as early as the second quarter due to accelerating inflation and mounting pressures from the hawkish stance of the US Federal Reserve, according to the research units of Fitch and Moody’s. In a report, Fitch Solutions Country Risk & Industry Research said […]
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