MANILA, Philippines — The Department of Finance (DOF) has doubled down on its opposition to proposals to suspend excise taxes on fuel, saying such a measure only benefits the rich whose disposable income will increase. Finance Undersecretary and chief economist Gil Beltran yesterday said the government would lose the progress it has achieved in leveling […]
Read MoreNowadays, the demand for fish is increasing due to environmental changes, growth of population and decline in natural fisheries. These factors have led Charoen Pokphand Foods PCL (CPF) to develop the aquaculture sector in order to meet the demand in the current market. In the meantime, these changes have clearly demonstrated the earnings opportunities from […]
Read MoreThai Oil Plc (TOP), Thailand’s largest oil refinery by capacity, believes domestic demand for fuel has begun to return to pre-pandemic levels, except for jet fuel, consumption of which is expected to be back to normal by the end of next year. Demand for gasoline stood above 30 million litres a day and will grow […]
Read MoreKUALA LUMPUR, Nov 16 — The ringgit opened slightly lower against the US dollar as the greenback gained momentum ahead of the United States (US) October’s Retail Sales data which is expected to rise to 0.7 per cent month-on-month, based on consensus estimates, said an analyst. At 9am, the local note fell to 4.1630/1655 versus the greenback from 4.1600/1630 at yesterday’s close. […]
Read MoreAlthough the Covid-19 outbreak has had a prolonged impact on the economy from late 2019 to 2021, it has had little effect on tax revenue, reflecting the effectiveness of tax governance and transparency efforts, according to General Department of Taxation (GDT) chief Kong Vibol. The GDT said in a statement that it had collected more […]
Read MoreThe Thai economy is expected to grow by 1.2% this year, recovering from a 6.1% contraction in 2020, with next year’s expansion predicted to be between 3.5-4.5%, according to the National Economic and Social Development Council (NESDC). However, the state planning unit warns that in the year to come the government needs to focus on […]
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Thailand
