Thailand and Myanmar have long had business and economic ties, with the Thais even establishing a trade and business centre in Yangon. Last year, trade volumes between the two countries reached US$7.5 billion, representing a year-on-year increase of 7 percent. Moving forward, Thanawut Naigowit, who was appointed as Thai Economic Counsellor and Director of the […]
Read MoreThe annual Mastercard Global Destination Cities Index has again named Bangkok the No.1 destination city globally and in Asia-Pacific, with more than 22 million international overnight visitors. The index contains a region-specific subset for Asia-Pacific. This is the fourth straight year the capital has grabbed the top spot in the global index, which ranks cities […]
Read MoreHoteliers have shown little interest in the tourism cash handout scheme, citing the low value of the giveaway and the complexity of the process. As of Monday, 13,000 operators were signed up to the scheme. About 70% were shop and restaurant operators. Supawan Tanomkieatipume, president of the Thai Hotels Association (THA), said a key stumbling […]
Read MoreThe University of the Thai Chamber of Commerce (UTCC) Centre for Business and Economic Forecasting has announced that the confidence index has dropped to 46.5 points, the lowest in 19 months. Thanawan Polvichai, the centre’s director, said entrepreneurs are facing cashflow problems as people’s purchasing power has dropped. The economy is also being affected by […]
Read MoreThe Excise Department has announced that taxes on sugary drinks will double from October 1, with beverages containing 10 to 14 grams of sugar being taxed at Bt1 per 100 millilitres instead of Bt0.5 per 100ml, adding that this tax will not be passed on to consumers despite the higher cost of production. Nattakorn Utensut, […]
Read MoreThe Excise Department has unveiled an old plan to tax salty foods by setting a ceiling at 2,000 milligrammes per day of sodium as a benchmark to determine the levy rates, a senior official says. Imposing a tax on foods containing high sodium levels follows a similar practice for sugary beverages, said Nattakorn Utensut, deputy spokesman […]
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