The Revenue Department expects tax measures supporting the relocation of foreign investors’ production bases to attract investment of around 6 billion baht within three years, says deputy director-general Vinit Visessuvanapoom. He said the cabinet endorsed an extension of the measures, also known as the Thailand Plus Package, to support the relocation of production bases. The Thailand […]
Read MoreThe Thai baht advanced to the highest in more than five weeks after opposition parties emerged as the biggest winners in the general election over the weekend. The baht climbed 0.9 per cent to 33.70 per United States dollar on Monday, the highest since April 5, before paring its gain to 0.5 per cent. Against the Singapore […]
Read MoreThai Airways International (THAI) Public Company Limited and Bangkok Airways Public Company Limited reported a surge in first-quarter earnings as tourists flocked back to Thailand. Thai Air posted net income of 12.51 billion baht (US$370 million) in the three months through March, rebounding from a net loss of 3.25 billion baht a year earlier. Bangkok Airways’ […]
Read MoreThailand’s food exports are expected to rise by 2.1% to a record of 1.5 trillion baht (US$44.31 billion) this year, helped by a recovery in global demand and China’s reopening, a leading industry group said on Wednesday. The country’ food shipments, which account for 14.6% of the total, increased 10% year-on-year to 346 billion baht in […]
Read MoreAs the general election draws near, implementing collection of a new tax is an extremely sensitive issue and almost unheard of as a political tactic. Given this backdrop, the Revenue Department sidestepped concerns last week that it is considering a new departure tax on outbound travellers, based on a 40-year-old “emergency decree”. The department confirmed it […]
Read MoreThe Tourism Authority of Thailand (TAT) hopes the Chinese market can surge to 1 million arrivals per month in October, as occurred in 2019, thanks to increasing flight capacity and an influx of demand during high season, with e-visa issues resolved by that time. Chuwit Sirivejkul, TAT regional director of marketing for East Asia, said the […]
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