As the excise tax for motorcycles will increase from January 2020, demand is expected to rise in the second half of this year, says BMW Motorrad, the German motorcycle maker. Christian Samlowski, the new head of BMW Motorrad Thailand, said the remainder of 2019 offers potential for buyers before the prices change next year. In […]
Read MoreBANGKOK: Thailand’s tourism minister has blamed a surge in the baht for sapping tourist arrivals into South-East Asia’s second-largest economy and says he’ll take up the matter with the central bank, highlighting rising concern over the currency’s gains. Arrivals have dropped because of the baht’s strength, Pitak Ratchakitprakarn, minister of tourism and sports, told reporters […]
Read MoreThe Federation of Thai Industries (FTI) is calling for the Labour Ministry to waive the 5% contribution from insured workers to the Social Security Fund (SSF) for 6-12 months instead of increasing the daily minimum wage to 400 baht as promised during the election campaign. The exemption should be subsidised temporarily by the government, FTI […]
Read MoreThe Finance Ministry is set to dust off a planned cash handout for travel to 55 secondary provinces by including it in the economic stimulus package going before new Finance Minister Uttama Savanayana. The proposed cash handout for spending in secondary provinces will cost the government tens of billions of baht if the measure comes […]
Read MoreSecurities brokers expect the new government to raise the minimum daily wage to Bt400 from Bt325, shortly after formation of the new Cabinet. Although the higher wage will boost domestic consumption, it would also lead to a spike in the production costs of some industries. Natthachart Mekmasin, assistant MD at Trinity Securities Co Ltd, said […]
Read MoreThailand, Indonesia and India will experience rapid growth in the online grocery sector, although they are coming from such a low base that it will only account for market shares of 2.8%, 1.5%, and 1.2% respectively by 2023. Read more
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