The controversy about a 1,000-baht departure tax on outbound Thais and foreign residents is only a legally obliged opinion survey and the tax will not be imposed, the Revenue Department said. Winit Wisetsuwannaphum, deputy director-general of the department, said on Sunday that the department did not plan to impose the departure tax of 1,000 baht for outbound flights […]
Read MoreThailand’s economy is expected to grow 3.0% to 3.5% this year, a leading joint business group said on Wednesday, unchanged from a previous forecast as the tourism sector gathers steam and exports remain weak. Exports are still projected to show zero to 1% growth in 2023, while the number of foreign tourist arrivals should reach 30 […]
Read MoreTHAILAND’S headline inflation dropped to its lowest in 16 months in April thanks to lower energy and food prices and a high base in 2022, the commerce ministry said on Wednesday (May 3). The headline consumer price index (CPI) rose 2.67 per cent in April from a year earlier, close to a rise of 2.70 […]
Read MoreThe Thai National Shippers’ Council (TNSC) has downgraded its export growth forecast for Thailand to 0-1% because of negative factors in both the US and Chinese economies, which are still highly uncertain, as well as geopolitical conflicts. However, the group still believes Thailand’s exports are unlikely to contract this year. Chaichan Chareonsuk, chairman of the TNSC, […]
Read MoreSince the government legalised cannabis on June 9, 2022 by removing the plant from the list of prohibited narcotics, the tourism sector was expected to reap a windfall as Thailand was the first country in Asia to allow hemp consumption for certain purposes, other than recreational use. A month after decriminalisation, the Tourism Authority of Thailand […]
Read MoreExports of gems and jewellery (excluding gold) are expected to grow by 10% this year as demand in the high-end segment remains strong. The anticipated growth comes despite lower shipments in the first quarter and risk factors related to the global economic slowdown, a possible recession in the US and the EU, geopolitical conflicts, rising energy […]
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