Thailand: Tobacco Monopoly feels the burn from new excise rates
The state-run Thailand Tobacco Monopoly (TTM) is expecting the first loss, of about 1.5 billion baht, in its 79-year history, following new excise tax rates which it claims have benefitted importers of foreign cigarettes. This year, the TTM will plunge into the red as it has not been able to reduce its huge spending in […]
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