Federation of Thai Industries (FTI) is warning Thai exporters to brace for non-tariff barriers (NTBs), likely to be imposed by developed countries on their products, if Thailand fails to increase the proportion of renewable energy in its energy portfolio. FTI’s Renewable Energy Industry Club chairman Suvit Thoraninpanich said on Monday his club is alerting both policymakers […]
Read MoreThailand should have a clear-cut plan on a vaccine passport by June if plans to reopen the international market by the fourth quarter are kept, according to the Tourism Authority of Thailand (TAT). Siripakorn Cheawsamoot, TAT deputy governor for Europe, Africa, the Middle East and the Americas, said the government policy would have a tremendous […]
Read MoreDomestic car sales in Thailand declined 21.3% in January to 55,208 units from last year as the second-wave outbreak continues to drag down consumer confidence and purchasing power. Passenger car sales decreased by 44.2% to 16,104 units year-on-year, while sales of commercial cars decreased 5.4% to 39,104 units. Pure pickups with 1 tonne size loads […]
Read MoreBitcoin rose to another all-time high on Monday at 1.74 million baht, or US$58,330.57 apiece, as physical spot gold hit a seven-month low with traders suggesting the current price dip is a good time to buy gold. Bitcoin on Sunday surpassed for the first time the one-kilogramme gold price, which stood at about $57,300. The […]
Read MoreDomestic car manufacturers are racing to increase purchase orders for semiconductors to avoid cutting their production capacity as a result of a global shortage of chips for cars. Representing the control centre of modern cars and electrical appliances, these semiconductors are now in short supply, intensifying the competition to obtain them. The global chip shortage […]
Read MoreThe Revenue Department expects tax revenue collection from the upcoming e-service tax to tally more than 5 billion baht per year as the pandemic crisis has stirred traffic on online platforms. The department previously expected the e-service tax to generate revenue of 5 billion baht in the first year after it takes effect. “The pandemic […]
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