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Thailand: Thai transport quotas to rise

Thailand: Thai transport quotas to rise Wednesday, 20 July 2016 – Cambodia and five other countries that share the Mekong River have agreed to open their borders to more commercial truck and tourist bus traffic as part of a transnational agreement aimed at promoting regional logistics and tourism, a senior transport official said yesterday. Transport […]

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Thailand: Thailand considers buying more power from Laos

Thailand: Thailand considers buying more power from Laos Tuesday, 19 July 2016 – Thailand may buy 9,000 megawatts of electricity from Laos this year to ensure sufficient supply to meet rising demand, says a senior official at the Energy Ministry. That is nearly 30% higher than the 7,000MW Thailand currently buys annually from Laos, according […]

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Thailand: Tourism, infrastructure to support Thai economy

Thailand: Tourism, infrastructure to support Thai economy Tuesday, 9 August 2016 – Thailand’s record tourist arrivals and public works spending are expected to offset weak domestic demand and global economic drag, keeping South-East Asia’s second-largest economy on course for 3.1% growth this year, the central bank governor told Reuters in an interview. The trade-dependent economy […]

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Thailand: Baht hits one-year high against dollar

Thailand: Baht hits one-year high against dollar Tuesday, 2 August 2016 – The baht hit a one-year high against the US dollar yesterday, tracking emerging-market currency strength as fading prospects of a US rate increase revved up investor appetite.TMB Analytics vice-president Jitipol Puksamatanan said the baht’s passing of 34.76 against the greenback was a new […]

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Thailand: Excise tax basis set to change

Thailand: Excise tax basis set to change Tuesday, 2 August 2016 – Legal amendments to switch the excise tax basis to state-recommended retail prices from ex-factory prices are expected to come into force by mid-2017, says the Excise Department.The change in the method of calculation will standardise duty collection and create more fairness and transparency, […]

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