The Industry and Finance ministries are using a new corporate income tax reduction programme to encourage businesses to use more biodegradable plastic products, in a move to reduce waste. “The tax reduction amounts to around 25% of what companies paid to buy biodegradable plastic products between 2022 and 2024,” said Industry Minister Suriya Jungrungreangkit. “This measure […]
Read MoreTravellers from China are forecast to regain the top spot in terms of arrivals this year with no fewer than 5 million, while low-cost carriers from Thailand rush to secure China’s routes to tap pent-up demand. Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn said the resumption of the Chinese market could help increase employment in the […]
Read MoreWhen the Department of Disease Control announced on New Year’s Eve that Thailand would no longer impose Covid-19 screening measures on Chinese visitors, the move quickly stirred a heated public debate. Thailand and China have built close diplomatic relations over a half-century, while significant spending of 531 billion baht from more than 10 million Chinese visitors in […]
Read MoreAll cars of ASEAN origin imported into Vietnam will enjoy a tax-free policy until the end of 2027. The Prime Minister has signed and issued Decree 126/2022/ND-CP stipulating Vietnam’s special preferential import tariff to implement the ASEAN Trade in Goods Agreement (ATIGA) for the 2022 – 2027 period. Accordingly, Vietnam will continue to exempt import […]
Read MoreTourism operators are prepared for a wave of Chinese tourists in terms of hotel room capacity, public health hygiene and flight capacity, though demand remains unclear. The government confirmed on Thursday Chinese tourists will be exempted from RT-PCR Covid tests upon arrival, but will be required to buy Covid insurance to guarantee they have medical expense […]
Read MoreThailand’s inflation rate is expected to slow to 2-3% this year after soaring to a 24-year high last year, driven mainly by rising energy prices. The Commerce Ministry on Thursday reported headline inflation, gauged by the consumer price index (CPI), rose by 6.08% in 2022 from a year earlier, which was close to the projection (between […]
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