The Finance Ministry plans to implement tax restructuring next year in an effort to offset lower tax income and shift the economic structure because of the effect of the pandemic crisis. The ministry has been planning tax restructuring to improve the country’s taxation system and economic outlook, in line with changes in the economic landscape […]
Read MoreWhile still in its nascent stage, the food delivery and grocery delivery market in Thailand is growing rapidly. Over the medium term, the country will offer an attractive demographic profile, combined with an increasing number of middle- to upper-income households who largely reside in the major cities. Additionally, all mobile phone users are expected to […]
Read MoreThe Bank of Thailand (BOT) wants to see commercial banks boost their digital services in order to match the increasing demand for online transactions, said Siritida Panomwon Na Ayudhya, the central bank’s assistant governor, Payment Systems Policy and Financial Technology Group. She added that the central bank had witnessed a decline in errors and downtime […]
Read MoreThe Finance Ministry has discussed managing the baht’s movements with the Bank of Thailand in a bid to help exporters and recoup the economy amid a tourism slump. The export sector plays an important role in helping stimulate the economic recovery as the tourism industry remains battered by adverse effects stemming from the pandemic, said […]
Read MoreThe Immigration Bureau (IB) is expediting the processing of travel documents of tourists aboard more than 10 foreign yachts stranded in international waters to allow them to enter Thailand. Pol Maj Gen Achayon Kraithong, the IB’s deputy commander, said more than 10 yachts off Thailand’s coast have asked the IB for permission to let tourists, […]
Read MoreThailand’s tourism minister has warned that local demand is expected to drastically slow amid a slumping economy if there is no proper plan to reopen to tourists next year. Local demand remains below 40% of last year’s figure despite an uptick in activity since the outbreak of the pandemic, said Phiphat Ratchakitprakarn, Tourism and Sports […]
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Thailand
