The Tourism Authority of Thailand (TAT) aims to increase inbound visitors from Asian markets during the high season via travel bubble schemes with South Korea and India. Thanet Phetsuwan, TAT deputy governor of marketing for Asia and South Pacific, said most visitors in the reopening schemes came from long-haul destinations that have fewer quarantine requirements […]
Read MoreThe Excise Department is conducting a study on a plan to levy a carbon emission tax on the industrial sector, aiming to promote environmental protection in Thailand, says director-general Lavaron Sangsnit. He said such a tax is in line with the trend of declining excise tax revenue from fossil fuels as more people switch to […]
Read MoreThe government will cap diesel prices at 30 baht per litre until the end of the month to help reduce living costs for consumers as global oil prices rise, the Energy Minister said on Monday. The short-term support could be extended if necessary, Deputy Prime Minister Supattanapong Punmeechaow, who is also Energy Minister, told a news […]
Read MoreThe new excise tax structure for cigarettes is expected to result in a higher retail price for low-priced products of at least 6 baht per pack, says the Excise Department’s director-general Lavaron Sangsnit. The new two-tier tax structure, which was approved by the cabinet on Tuesday this week, took effect on Oct 1. The structure […]
Read MoreThe Tourism and Sports Ministry is poised to start collecting a 500-baht tourism fee for a “tourism transformation fund” next year, with the budget following a co-payment model. The Centre for Economic Situation Administration last week approved the creation of the fund, which is expected to subsidise projects that transform the industry, focusing on high-value […]
Read MoreWe maintain our view the Bank of Thailand will keep its key policy interest rate on hold at 0.50% through the rest of this year and 2022, as it looks to maintain an accommodative stance amid the country’s economic struggles. At its meeting on Wednesday, the Monetary Policy Committee (MPC) voted unanimously to keep the […]
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