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Thailand: Steep fall in tax revenues

The Revenue Department’s collection fell short of target by 80 billion baht for the first eight months to May, largely due to the steep decline in petroleum income tax. The tax shortfall adds to the country’s largest tax-collecting agency a possibility of failing to miss this fiscal year’s target. Petroleum income tax for the eight […]

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Thailand: Food exports forecast to grow 10.8%

Thailand’s food exports are expected to fare better than earlier projected, fuelled by the world’s economic recovery, abundant raw materials and more value-added food items. Speaking at Thaifex-World of Food Asia 2017, one of the largest regional food and beverage trade fairs which is being held until June 4, Deputy Prime Minister Somkid Jatusripitak said […]

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Total wealth of Thailand’s 50 richest soars 16%

SINGAPORE – The collective net worth of Thailand’s 50 richest on the 2017 Forbes List has reached UScopy23.5 billion, an increase of 16% on the ranking in 2016. The magazine reported that more than two-thirds of the tycoons on the Forbes Thailand Rich List 2017 saw their wealth increase, with the top five notching up […]

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Thailand: Tariff for import duty dodgers

The government is imposing an anti-circumvention tariff on cheap imported products that dodge anti-dumping duties. Wanchai Varavithya, deputy director-general of the Foreign Trade Department, said the Anti-Dumping and Countervailing Act (ADC Act) is being amended to protect domestic entrepreneurs, with a new chapter regarding anti-circumvention penalties being added. The draft amendment has already been completed. […]

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Three Thai sites make Asian landmarks top 15 list

Three Thai landmarks have made the list of top 15 travellers’ choice landmarks in Asia this year, as determined by TripAdvisor, the world’s most popular travel site. The three are the Temple of the Reclining Buddha (Wat Pho), the Grand Palace and Temple of the Emerald Buddha (Wat Phra Kaeo), coming in fourth, ninth and […]

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