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Thailand – BoT: Exchange rate not a tool

Thailand has no intention of using the exchange rate as a tool to gain an unfair trade advantage and competitiveness over trading partners, says the Bank of Thailand. The central bank’s comments follow the release of a US Treasury Department report that placed Thailand on the “monitoring list” of 10 countries labelled potential currency manipulators. […]

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Thailand: New tax to promote EVs on the cards

The government and car companies are scheduled to meet next month to discuss a proposal to impose a higher excise tax on oil-powered vehicles as part of efforts to promote electric vehicles (EVs) and reduce air pollution. The tax hike was suggested because the current excise tax structure for cars is due to end in […]

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Thailand eases curbs on travel

The government is easing travel restrictions for citizens from 56 countries to boost the country’s pandemic-hit tourism industry, though visitors will be required to undergo a mandatory two-week hotel quarantine. Tourists from countries including Australia, France and the United States can travel without visas, but would need a certificate to show they are free of […]

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