The land and buildings tax set for Jan 1, 2019 is likely to be enforced behind schedule because of the time-consuming approval process, says an informed source at the Finance Ministry. Even in the best-case scenario that the National Legislative Assembly (NLA) passes the second and third readings in July, plus two months awaiting publication […]
Read MoreThailand wants to form a coalition with Cambodia, Laos, and Vietnam, all cassava-producing nations, to guarantee a stable price for the commodity and avoid future price wars, according to an article published yesterday in the Bangkok Post. The resulting bloc would be the largest cassava association in the world, responsible for 80 percent of the […]
Read MoreThe Excise Department is imposing a tax on B20 biodiesel that is 82 satang lower than the B7 tax in a push to make the former’s retail price three baht per litre cheaper than the latter’s, says a senior official. The Oil Fund will subsidise the remaining 2.18 baht a litre, said Tibordee Wattanakul, director of […]
Read MoreThe Bank of Thailand’s rate-setting panel left the policy rate unchanged Wednesday as expected, giving more weight to domestic factors and declaring that the country’s external stability remains strong enough to cushion against persistent capital outflows. The central bank also upgraded its economic growth outlook to 4.4% for 2018 and 4.2% for 2019, up from […]
Read MoreThe Hanoitimes – Big conglomerates from Thailand have been carrying out large-scale acquisitions of Vietnamese leading enterprises, regardless of price or time, to be able to take part in the enterprises` management and operation. After many years pursuing the target of taking part in the management of Vietnam’s leading plastics companies, the Nawaplastic Industries Co. Ltd […]
Read MoreThe Industrial Works Department has suspended the licences of five importers of scrap electronics after they allegedly hired illegal factories to recycle more than 14,000 tonnes of the hazardous garbage. The factories are being ordered to send the trash back to the five companies within 30 days, department chief Mongkol Pruekwatana said as his department on […]
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