The Revenue Department will allow five department stores to offer value-added tax (VAT) refund services for foreign tourists as a pilot project, a move meant to offer convenience to international shoppers and encourage spending. With the tax refund service at department stores, foreign shoppers can claim a VAT refund at places where they buy products and services, […]
Read MoreAs Thai firms shift their focus to upmarket items, they are looking to invest heavily in Europe and North America, the largest markets for these products. Thai Union, Sea Value, Double A, Indorama Ventures and PTT Global Chemical (PTTGC) recently announced major investments in France, and the European continent more broadly. Gilles Garachon, France’s Ambassador […]
Read MoreExports retained their growth momentum in February, up 10.3% year-on-year, on the heels of a 17.6% increase in January that was the highest in 62 months. The Commerce Ministry reported yesterday that the country’s customs-cleared exports grew for the 12th straight month in February, fetching Thailand US$20.4 billion (637 billion baht), driven largely by the economic […]
Read MoreCambodia has proposed that it and Thailand establish a government–private sector working group to tackle agriculture export issues, particularly cassava raw material exports which have been a challenge for Cambodia recently. Agriculture Minister Veng Sakhon told Ladawan Wongsriwong, adviser to Thailand on domestic and international socio-economic matters, that the main issues for agricultural products between […]
Read MoreEXPONENTIAL technology will play the leading role in driving Thailand’s economic growth in the next decade due to the advent of 5G telecom, cheap human genome sequencing, solar energy, cellular agriculture, among others, according to private sector executives. Natthaphol Vimolchalao, ambassador of the SingularityU Bangkok Chapter, said at an event to announce Southeast Asia’s first […]
Read MoreExports rose 10% year-on-year in February, but the industries’ sentiment index fell for the first time in four months on concerns about costs. The Commerce Ministry said on Wednesday that exports were valued at US$20.36 billion in February, up 10.3% year- on-year. Exports in the first two months of 2018 rose 13.8% to $40.47 billion. Imports […]
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