The Board of Investment (BoI) agreed on Wednesday to upgrade investment privileges for projects in the government’s flagship Eastern Economic Corridor (EEC) to make them more enticing and promote human resource development. Duangjai Aswachintachit, secretary-general of the BoI, said the upgraded version extends privileges to cover investment projects located outside the EEC’s industrial estates and […]
Read MoreTraders are discussing plans for Myanmar to export one million tonnes of corn seeds to Thailand. An agreement between the two countries is expected before year-end, said U Min Khaing, chair of the Myanmar Corn Industrial Association. “We are in the process of finalising a contract with the Public Warehouse Organisation in Thailand to export […]
Read MoreA tax reform committee has agreed to revoke the value-added tax (VAT) exemption for online purchases of goods worth up to 1,500 baht from vendors outside of Thailand that are shipped by mail, aiming to provide a level playing field with local operators. “The issue will be forwarded to policymakers and the government,” said Prasong […]
Read More[BANGKOK] Thailand will try to ease the pressure on tourism from a surging currency by targeting more first-time visitors because they are bigger spenders. “First-timers spend 10 per cent to 20 per cent more than repeat tourists and at the same time, we can build a new customer base,” Yuthasak Supasorn, governor of the Tourism […]
Read MoreChanging consumer behaviour has ignited new industries, with platform businesses like e-marketplaces expected to have the brightest growth prospects next year, according to a local forecaster. Book rental, basic phone and fax manufacturing, internet cafes, and printing and journal production are forecast to have the bleakest outlooks. Thanavath Phonvichai, vice-president for research at the University […]
Read MoreHoteliers in Koh Samui are suffering from oversupply, dragging down the occupancy rate. The occupancy rate on the island during the final quarter this year, as of Dec 20, has plunged to 30% from 50% in the same period of 2018, said Vorasit Pongkumpunt, president of the Tourism Association of Koh Samui. During the last […]
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Thailand
