The economy is expected to grow 4% in 2021 after a slump this year and fiscal policy will support a tourism-reliant economy struggling from the impacts of the coronavirus pandemic, the finance minister said on Monday. The economy shrank a less than expected 6.4% in the third quarter from a year earlier after falling 12.1% […]
Read MoreThailand has lost its spot as the most popular cross-border destination for tourists from mainland China, according to a survey by HSBC Holdings Plc, as neighbouring Japan and South Korea moved up the list. “Barring Hong Kong and Macau, Japan and Korea emerged as the top two preferred cross-border destinations,” analyst Parash Jain wrote in […]
Read MoreThai exports saw a wider contraction in October, with the rate dropping by 6.71% from the same month of last year after September’s reading registered a drop of only 3.9% year-on-year. The Commerce Ministry reported on Monday that the country’s customs-cleared exports fetched US$19.38 billion in October, with imports shrinking 14.32% to $17.33 billion, resulting […]
Read MoreCoach is cutting its handbag styles by half. Bed Bath & Beyond is reducing its can opener selection by two-thirds. Kohl’s is culling its towel offerings by nearly a fifth. Retailers ramped up choices in recent decades as the internet created a so-called endless aisle that freed them from the space constraints of physical stores, […]
Read MoreGlobal communities will mark the first anniversary of the coronavirus next month after China identified the virus for the first time as a “pneumonia of unknown cause” when it was discovered in Wuhan, central Hubei province on Dec 30, 2019. The novel coronavirus or Covid-19 has unleashed massive devastation on most industries globally, with tourism […]
Read MoreThe Revenue Department has started to send notification letters to online merchants that have income at the threshold of personal income tax liability. The objective is to integrate these people into the tax base, said director-general Ekniti Nitithanprapas. The response from online merchants who have received the notification letters has been mostly positive, said Mr […]
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