The value-added tax (VAT) refund scheme for Chinese New Year shopping failed miserably, with a meagre 10 million baht in transactions. Of the total, 90% was spent via debit card and the remaining 10% through QR code payment, said Lavaron Sangsnit, director-general of the Fiscal Policy Office (FPO). Debit cards and QR codes are not […]
Read MoreThe Palang Pracharath Party (PPRP) unveiled tax schemes on Friday to help salaried workers, graduates and entrepreneurs. While a reduction in income tax will be used to help salaried workers, new graduates and e-commerce entrepreneurs will be given tax breaks in order to get a head start in their career, according to Kobsak Pootrakool, the party’s […]
Read MoreTOKYO: Thailand will apply this month to join the new trans-Pacific free trade agreement, aiming to ensure it is not left behind by its competitors in the vibrant region, according to the country’s trade negotiations chief. “Thailand is working with the documents for applying to the CPTPP,” said Auramon Supthaweethum, director-general of the Trade Negotiations […]
Read MoreThe Bank of Thailand has become cautious in its export outlook, predicting the country’s payment-based outbound shipments will shrink in the first quarter after a year-on-year contraction in January exports. The export contraction is expected to extend into February and persist through the first quarter, given external risks and a high-base effect, said Don Nakornthab, senior director […]
Read MoreDomestic private consumption is expected to improve on the back of a recovery in purchasing power in the farm and non-farm sectors, providing a boon for equity investment in the retail sector, says Kasikorn Securities (KS). Farm income is expected to gradually recover on increasing prices for rice, chicken and swine, while non-farm income should remain […]
Read MoreThe emergence of an e-commerce platform for Thai business is no surprise these days. Now I STEEL THAI has created an online platform to allow manufacturers to sell their own branded products, making it one of Thailand’s first open e-commerce platforms where all brands can participate and sell their products on the site. I STEEL […]
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Thailand
