Patchara Anuntasilpa, head of the Excise Department, hinted he personally supports automakers’ tax cut proposal to boost domestic demand, saying it could be a win-win for all. Against the backdrop of a reeling economy, consumers will not purchase new cars if prices are not reduced, which hurts excise revenue, he said. “New assembled cars sitting idle […]
Read MoreThe auto parts industry club under the Federation of Thai Industries (FTI) is conducting a study on the feasibility of repurposing domestic auto parts manufacturing plants to make medical devices or aircraft parts instead. Since the Covid-19 outbreak, the automotive and auto parts sectors have seen a considerable drop in demand, with many plants in […]
Read MoreThe Tourism and Sports Ministry wants the Covid-19 Situation Administration (CCSA) to lift the domestic tourism lockdown starting in June, as the industry prepared for new national safety and health standards with almost 1,500 operators applying for certification. Tourism Minister Phiphat Ratchakitprakarn said this Friday the ministry plans to talk with the CCSA about easing […]
Read MoreThe Ministry of Commerce and the private sector are monitoring the conflict between US and China, as a trade war could erupt again, Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said. She said the ministry and the private sector would draft a plan to push exports to cope with the situation, as […]
Read MoreFor the past two months or so, many of the world’s popular tourist destinations have been shuttered to visitors, leaving beaches, restaurants, shops, bars and streets almost empty. Now that the world is gradually reopening and people are stepping out again, they are faced with the reality that life today is a lot different from […]
Read MoreTravel restrictions due to Covid-19 prevention measures presented no hurdle for the Regional Comprehensive Economic Partnership (RCEP) which harnessed video conferencing to speed up trade negotiations. The pandemic was expected to hamper already delayed RCEP negotiations because scheduled meetings were cancelled to follow travel ban lockdown measures in member state countries. Ronnarong Phoolpipat, Commerce Ministry […]
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