The functional drink market expects a big boost after the cabinet last Tuesday approved lowering the excise tax on functional products, effective from Oct 1. Anak Lapsuksatit, chief financial officer of Sappe, the marketer of Sappe Beauti functional drinks, said the lower excise tax rate on functional drink products — from 14% to 10% — […]
Read MoreThe idea of moving Thailand’s capital to another province has resurfaced after the country’s leader, perhaps unintentionally, told a crowd about two approaches for possible relocation. The plan echoes the recent announcement by the Indonesian government that it will move its capital from Jakarta, located on the island of Java, to the province of East […]
Read MoreThailand slipped one place to 40th in the World Digital Competitiveness Index 2019, partly because of a lack of public access to digital public services and subpar participation in public decision-making. The rankings, which cover 63 countries, were released on Thursday. The index was commissioned by the IMD World Competitiveness Center, a think tank under […]
Read MoreThis year’s export contraction must not exceed 0.9% if Thailand’s GDP growth is to reach 3%, says the Finance Ministry’s Fiscal Policy Office (FPO). Thai shipments saw a 2.2% year-on-year contraction during the first eight months, while August exports tumbled 4% year-on-year, said FPO deputy director-general Wuttipong Jittungsakul. With the ongoing export doldrums, a continued […]
Read MoreThe Thai Bankers Association’s credit card club plans to discuss its concerns about credit risk from zero-rate marketing campaigns with the Bank of Thailand. Shoke Na Ranong, executive vice-president for Bangkok Bank’s credit card division, said the club is in preparation to talk to officials about the central bank’s criticism of zero-rate campaigns in the […]
Read MoreThe government is mulling removal of four business types from List 3 of the Foreign Business Act (FBA) as it tries to reduce obstacles to foreign investment. Poonpong Naiyanapakorn, deputy director-general of the Business Development Department, said the four businesses types are telecommunication services for licence type 1 (telecommunications business operator without its own network […]
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