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THAILAND

Smokers' shift to hike tax on loose tobacco

Business, Wichit Chantanusornsiri, Published on 08/11/2018

» The Excise Department is going to raise the tobacco tax after dozens of smokers have switched to hand-rolled cigarettes, prices for which are far cheaper than factory-made cigarettes following enforcement of a new excise tax structure last year.

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BUSINESS

FPO hunts Chinese lure

Business, Wichit Chantanusornsiri, Published on 24/10/2018

» The Fiscal Policy Office (FPO) is seeking stimulus measures to win back tourists as Chinese visitors are shunning Thailand, its chief said.

BUSINESS

Customs to increase supply chain safety

Business, Wichit Chantanusornsiri, Published on 01/05/2018

» The Customs Department is about to seal deals for the Authorised Economic Operator (AEO) mutual recognition programme associated with international trade supply chain security with another five counterparts by next year.

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BUSINESS

Sepo awaits duty-free bid rules

Business, Wichit Chantanusornsiri, Published on 20/04/2018

» The State Enterprise Policy Office (Sepo) has submitted three retail associations' proposals for the upcoming duty-free shop concession at international airports to Airports of Thailand Plc (AoT), but there has been no response, says a senior official.

BUSINESS

Somkid: Thais must take part in trade pacts

Business, Wichit Chantanusornsiri, Published on 22/03/2018

» Thailand must join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a newly formed bloc of 11 Pacific Rim nations without the US, and the Regional Comprehensive Economic Partnership (RCEP) as a means to protect the country's trade interests, says Deputy Prime Minister Somkid Jatusripitak.

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BUSINESS

DPM Somkid backs Thailand to join ex-US TPP

Wichit Chantanusornsiri, Published on 21/03/2018

» Deputy Prime Minister Somkid Jatusripitak supports Thailand joining the amended Trans-Pacific Partnership agreement in order to gain future trade and investment benefits.

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BUSINESS

Somkid moves to calm currency fears

Business, Wichit Chantanusornsiri, Published on 05/01/2018

» Deputy Prime Minister Somkid Jatusripitak is playing down warnings from some foreign research houses that Thailand risks being added to the US Treasury's watch list of potential currency manipulators, saying the government has no immediate plans to step in and curb the stronger baht.

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BUSINESS

Officials to educate public on bitcoin

Business, Wichit Chantanusornsiri, Published on 29/12/2017

» The Finance Ministry will join with other authorities to educate people about bitcoin after the cryptocurrency's roller-coaster ride in recent weeks, says finance permanent secretary Somchai Sujjapongse.

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BUSINESS

Somkid likes prospects as external worries ease

Business, Wichit Chantanusornsiri, Published on 22/12/2017

» Deputy Prime Minister Somkid Jatusripitak has painted a bright picture of the Thai economy, saying it will start to thrive in 2018 as the government's efforts are bearing fruit and pressures from beyond the country's borders subside.

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BUSINESS

Somkid: Thailand to take off next year

Wichit Chantanusornsiri, Published on 21/12/2017

» After two decades of being hamstrung by several problems, the Thai economy will take off next year, Deputy Prime Minister Somkid Jatusripitak declared on Thursday.