The cabinet has approved the cut of the tax on land and buildings by 90% of the amount due for the 2020 tax year to relieve people’s burden, Prime Minister Prayut Chan-o-cha said. The cabinet approved on Tuesday a royal decree on the cut as proposed by the Finance Ministry. If the new rates under […]
Read MoreThe Finance Ministry has agreed to a plan to launch a major domestic tourism promotion next month by giving 2,000-3,000 baht vouchers to 4 million people and free trips to 1.2 million medical personnel. The campaign is aimed at boosting the economy and reviving the tourism sector, said Tourism and Sports Minister Phiphat Ratchakitprakarn. According […]
Read MoreMany retailers and restaurants, already crippled by the coronavirus pandemic, are grappling with damage to their properties and new closures following protests sparked by the death of George Floyd that have sometimes turned violent. From Minneapolis, where Mr. Floyd died while handcuffed and in police custody, to California and Georgia, big and small retailers and […]
Read MoreNikon has published a revised financial forecast, releasing its 2020 fiscal year financial results, and announcing it has had to cut ten percent of its workforce in Laos and Thailand. According to the financial report, the company is seeing a 16.6% drop year on year, with operating profit seeing a drop of almost 92% compared to […]
Read More[BANGKOK] Thailand is returning to its economic roots as a food producer, with overseas demand for rice, seafood, fruit and other edibles bolstering exports even as the Covid-19 pandemic dents production and shipments of manufactured goods. The proportion of food- and agricultural-related exports to total shipments jumped to 19.7 per cent in April, their highest […]
Read MoreThe Bank of Thailand has flagged concerns that a fast rise in the baht may not help the country, noting it stands ready to take action to avert the baht from gaining, adding more pain to the economy. Given the improving coronavirus situation in Thailand and the region, some investors could park their short-term money […]
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