The Bank of Thailand has initiated a cross-border fund transfer with Cambodia, Laos, Myanmar and Vietnam (CLMV) by scanning QR codes in a move to facilitate deeper integration in the region. The money transfer service will help lower fund transfer costs in the region, particularly CLMV migrant workers in Thailand who are now charged 10% of […]
Read MoreThe Public Health Ministry’s proposed tax hike legislation on cigarette packs, aimed at subsidising expenses of the gold card healthcare scheme, has to comply with the Finance Ministry’s fiscal discipline regulations, says Finance Minister Apisak Tantivorawong. Mr Apisak said he has not been notified of the move to raise the levy by two baht per cigarette […]
Read MoreThe headline inflation rate, gauged by the increase in the consumer price index (CPI), rose for a 15th straight month in September year-on-year, but slowed from August, mainly because of lower fresh food prices. The Commerce Ministry reported yesterday consumer prices rose 1.33% from September last year after rising 1.62% year-on-year in August, the highest since October […]
Read MoreInflation ran at 1.33% year-on-year in September, rising for the 15th consecutive month, on rising oil prices. This year’s inflation was now projected at 1.25%, the Commerce Ministry announced. Pimchanok Vonkornpon, director of the Trade Policy and Strategy Office, said on Monday that rising oil prices were the major factor, with energy accounting for 0.93% of […]
Read MoreThe Revenue Department has chosen Counter Service Co as its agent for value-added tax refunds for departing foreign tourists from Oct 1 to March 31. Director-general Ekniti Nitithanprapas said there were three applicants for the initial six-month pilot project. Counter Service was the only one chosen The company would offer VAT refund services at its […]
Read MoreThe Digital Economy and Society (DE) Ministry is set to deliver an integrated e-marketplace platform by October as a tool to promote e-commerce activities nationwide. The move will enable people to easily access a digital marketplace through the government’s national broadband network for villages, or “Net Pracharat” project. The DE Ministry plans to sign a […]
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Thailand
