Bangkok ranks third among the top cities for visitors’ food and beverage spending and sixth for spending on shopping, according the Mastercard’s Global Destination Cities Index (GDCI) 2018. The index ranks 162 cities in terms of total international overnight visitors and the amount spent by them in 2018. The index ranked the Thai capital as […]
Read MoreThe Excise Department is set to raise the fruit and vegetable content requirement for a tax exemption for juices to at least 20% from a minimum 10% in an effort to boost local farmer income. The new requirement is expected to take effect from Oct 1, said a source at the Excise Department. The source […]
Read MoreThailand Board of Investment (BoI) has developed two strategies to attract investment, including the development of the Kingdom’s rail system and the construction of a tourist port for cruise tourism. “Prime Minister Prayut Chan-o-cha stated that he wants the BoI to support both foreign and domestic investment into the country’s rail system,” BoI secretary-general, Duangjai […]
Read MoreThe baht’s value is projected to appreciate in the medium to long term because of slower interest-rate normalisation in the US and adverse effects from the US-China trade dispute, says the Federation of Thai Capital Market Organisations (Fetco). Capital flows are expected to return to emerging markets in the next few months as the US economy […]
Read MoreSome 49 private and public institutes have entered into an agreement to establish a new social enterprise called Thai Digital Platform Co to provide integrated tourism information about Thailand. Under the plan, a new mobile application, TagThai, pronounced similar to takthai (greetings) in Thai, will be introduced in April. The service is scheduled to be fully […]
Read MoreThe Excise Department is poised to impose a low tax on mild hybrid cars to promote manufacturing of electric vehicles (EVs) in Thailand, says the head of the department. The move came after the Industry Ministry proposed to the Excise Department that mild hybrids could add value to EVs, said Patchara Anuntasilpa, director-general of the […]
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