The government has high hopes the Eastern Economic Corridor of Innovation (EECi) will play a key role in helping Thailand develop its own technology to escape the middle-income trap. The middle-income trap is defined as a situation in which a country lifts its economy from a least-developed or low-income nation to a middle-income one, but […]
Read MoreStarting from April 1, visitors entering Thailand enjoy more relaxed conditions after authorities dropped a negative pre-arrival RT-PCR Covid-19 test requirement. Yet the hotel sector remains adamant that a recovery is impossible until all the rules are removed. What are the new Test & Go rules? Travellers no longer have to present a negative pre-arrival […]
Read MoreSuvarnabhumi airport has seen a sharp rise in the number of international arrivals since the requirement for pre-flight Covid-19 tests was lifted. Thailand’s main gateway airport in Samut Prakan province reported an average 11,623 travellers from overseas destinations from Friday to Monday, a 66% rise from the average in March of 7,003 visitors a day. […]
Read MoreThe Kingdom imported more than $1.3 billion worth of goods from Thailand in the first two months of this year, a 3.3 percent year-on-year increase. Imports from Thailand were at $1.12 billion during the period, a 5.2 percent increase from the same period last year, according to the official statistics from Thailand’s Commerce Ministry. The […]
Read MoreThe cabinet has approved an extension of a 25% corporate tax exemption for bio-plastic industry companies in order to promote Thailand as an Asean bio-hub. Rachada Dhnadirek, the deputy government spokeswoman, said the cabinet approved the proposal to extend the tax exemption until 2024. The government is projected to lose 673 million baht in revenue […]
Read MoreA sharp rise in the prices of goods and services following higher costs for production, energy, imported materials and logistics has prompted the Commerce Ministry to raise its forecast for headline inflation to 4-5% this year from a previous estimate of 0.7-2.4%. The new projection assumes GDP growth of 3.4-4.5% this year, an average Dubai […]
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Thailand
