The Revenue Department says reports on social media that it plans to increase value-added tax (VAT) to 9% in the next fiscal year are fake news. The department said on Sunday that it had no plans to hike the VAT rate from 7% to 9% from Oct 1, the starting date of the fiscal year, […]
Read MoreThailand’s world competitiveness ranking slipped three spots this year, mainly due to government inefficiency and budget deficits. According to the latest edition from the World Competitiveness Center, a research group at IMD business school in Switzerland, Thailand’s ranking fell to 30th from 27th in 2017. The top five most-competitive economies in the world remained the […]
Read MoreMajor consumer goods makers have confirmed they will continue capping the prices of their products for the interim despite transport costs rising 5% on higher diesel prices. Commerce Minister Sontirat Sontijirawong said representatives from 10 manufacturers with whom he met Thursday have all pledged not to raise product prices temporarily, as higher diesel prices have yet to […]
Read MoreTHE digital content industry in Thailand is forecast to reach Bt26 billion by the end of this year, supported by the efforts of the Digital Economy Promotion Agency (DEPA), which is fostering partnerships between the public and private sectors. As part of this strategy, the agency is preparing to provide grants worth Bt2.4 million to […]
Read MoreNeighbourhoods along mass-transit lines that offer easy access to the central business district of Bangkok have long been a priority for property developers, especially those specialising in condominiums. Along the BTS, the area north of Victory Monument offers a rich variety of residential neighbourhoods, government and business offices, schools and other facilities. One area that stands out […]
Read MoreCondominium prices on Sukhumvit Soi 39 and the Thong Lor area have surged by 40% over the past five years. Thong Lor also takes the cake for the highest rental costs in Bangkok at 1,000 baht per square metre per month, reported property consultant Nexus Property Marketing Co. Managing director Nalinrat Chareonsuphong said the company, […]
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