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BUSINESS

Reform of EV duties urged

Business, Wichit Chantanusornsiri, Published on 14/02/2022

» The Finance Ministry plans to propose to the cabinet a reduction of the import duty for electric vehicles (EVs) to 40%, 20% and zero percent, each depending on the engine size, says Deputy Finance Minister Santi Promphat.

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BUSINESS

Ministry mulls revision of EV import duties

Business, Wichit Chantanusornsiri, Published on 10/01/2022

» The Finance Ministry is considering a revision of the import duty rates for electric vehicles (EV) to make them more affordable for consumers, says Deputy Finance Minister Santi Prompat.

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BUSINESS

Exim Bank's tools can help SMEs survive, thrive

Business, Wichit Chantanusornsiri, Published on 08/12/2021

» Although many parties share common views on a better economic outlook for Thailand and the world next year, small and medium-sized enterprises (SMEs) might still have no good reason to celebrate, said Rak Vorrakitpokatorn, president of Export-Import Bank of Thailand (Exim Bank).

BUSINESS

Customs mulls non-tariff rule for cheap imports

Business, Wichit Chantanusornsiri, Published on 07/12/2021

» The Customs Department plans to introduce a non-tariff measure to bridge the disparity between low-priced goods shipped into Thailand that are tax-exempt and goods locally produced by small and medium-sized enterprises (SMEs), says director-general Patchara Anuntasilpa.

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BUSINESS

FPO ups tourist arrival forecast to 200,000

Business, Wichit Chantanusornsiri, Published on 22/11/2021

» The Fiscal Policy Office (FPO) expects 200,000 international tourist arrivals this year, up from its earlier forecast of 180,000, said director-general Pornchai Thiraveja.

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BUSINESS

State mulls cut in import tax on EVs

Business, Wichit Chantanusornsiri, Published on 29/11/2021

» The Finance Ministry may consider lowering the import duty on electric vehicles (EVs) as part of the measures to promote the use of EVs, says a ministry source who requested anonymity.

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BUSINESS

Forecast suggests EV tax changes will be gradual

Business, Wichit Chantanusornsiri, Published on 08/11/2021

» The Finance Ministry will maintain a balance between supporting existing manufacturers of internal combustion engine-powered cars and promoting electric vehicles (EVs) in its restructuring of the overall vehicle excise tax system, said a ministry source who requested anonymity.

BUSINESS

Exim preps loans for local airlines

Business, Wichit Chantanusornsiri, Published on 01/11/2021

» Export-Import Bank of Thailand (Exim Bank) will continue to provide loans to the local airlines next year, said the bank's president Rak Vorrakitpokatorn.

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BUSINESS

Bank upbeat on GDP outlook

Business, Wichit Chantanusornsiri, Published on 27/10/2021

» Standard Chartered Bank expects Thailand's gross domestic product to rebound in 2022 to around 3% from the forecast zero growth this year.

BUSINESS

FPO revises down growth to 1%

Business, Wichit Chantanusornsiri, Published on 29/10/2021

» The Fiscal Policy Office (FPO) has downgraded its forecast of Thai economic expansion this year to an average 1% from the previously predicted 1.3% mainly as a result of the resurgence of the Covid-19 pandemic in April, which severely impacted the country in the third quarter.