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Thailand: Six-year plan for sugary drink taxes

The Excise Department will bring up taxes over six years to help drink manufacturers gradually lower the sugar content of their products to meet the department’s threshold or face a significant rise in tax.  The grace period will be divided into two phases of three years each, said department planning bureau director Nutthakorn Utensute.  The department […]

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Thailand: Economic outlook starts to pick up

Experts say they expect stronger economic recovery momentum in the second half of this year, due to hefty exports, rising farm prices and massive government infrastructure, particularly in the Eastern Economic Corridor (EEC).  However, some negative factors such as a strong baht and uncertainty about the new Royal Decree on Recruitment of Foreigners that could […]

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Thailand: June exports defy baht, jump 11.7%

Exports in June surged 11.7% year-on-year despite the firmer baht, supported by strong orders from traditional markets and boosting the government’s confidence of meeting the full-year target of 5% growth in export value.  The double-digit growth in June after a 13.2% leap in May signals a brighter outlook for the second half, the Commerce Ministry said, […]

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GMS gets closer to a food safety strategy

A draft five-year strategy for promoting safe and environment-friendly agriculture products in the Greater Mekong Subregion (GMS) that would enhance regional food safety and promote trade is expected to be finalised today, according to the Asian Development Bank. “The five-year Regional Strategy and Action Plan (2018-2022) for Promoting Safe and Environmentally-Friendly Agro-based Value Chains focuses on […]

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