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BUSINESS

BoI speeds up rejig of incentives

Business, Chatrudee Theparat, Published on 11/04/2022

» The Board of Investment (BoI) is accelerating the revision of investment incentives to align them with global changes and offset the impact of the new world tax regimes proposed by the Organisation for Economic Co-operation and Development (OECD).

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BUSINESS

State banking on EECi to overcome middle-income trap

Business, Chatrudee Theparat, Published on 07/04/2022

» The government has high hopes the Eastern Economic Corridor of Innovation (EECi) will play a key role in helping Thailand develop its own technology to escape the middle-income trap.

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BUSINESS

Bio-plastic industry gets tax incentive

News, Chatrudee Theparat, Published on 06/04/2022

» The cabinet has approved an extension of a 25% corporate tax exemption for bio-plastic industry companies in order to promote Thailand as an Asean bio-hub.

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BUSINESS

Agencies urged to speed up ELV measures

Business, Chatrudee Theparat, Published on 05/04/2022

» Prime Minister Prayut Chan-o-cha has ordered responsible agencies to speed up offering incentives and measures to encourage motorists to scrap their ageing vehicles in a bid to reduce ultra-fine dust particles known as PM2.5 and tackle ongoing expensive steel prices.

BUSINESS

Government preps incentives for 4 new economic corridors

Business, Chatrudee Theparat, Published on 04/04/2022

» The government looks set to settle investment incentives for four new economic corridors in four regions next month, a move aimed at increasing investment in the areas.

BUSINESS

Biorefinery slated for operation in 2024

Business, Chatrudee Theparat, Published on 01/04/2022

» Bio Base Asia Pilot Plant (BBAPP), which manages the multi-purpose biorefinery pilot plant in the Eastern Economic Corridor of Innovation in Rayong, is scheduled to start operation in 2024.

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BUSINESS

Subsidy on premium diesel revoked

Business, Chatrudee Theparat, Published on 30/03/2022

» The cabinet on Tuesday approved revoking the subsidy on premium diesel used in luxury cars, effective from April, in a move to save on budget expenses.

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BUSINESS

Finance minister adamant on Thailand's fiscal stability

Business, Chatrudee Theparat, Published on 25/03/2022

» Finance Minister Arkhom Termpittayapaisith insists Thailand still has enough fiscal stability to support the government to grow the economy despite the double whammy of soaring food and oil prices driven by strong demand and the Russia-Ukraine war.

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BUSINESS

Panel to mull wage hike proposal

News, Chatrudee Theparat, Published on 25/03/2022

» Members of the tripartite national wage committee are expected to meet later this year to consider a proposal calling for the government to increase the daily minimum wage rate in response to the increase in living costs in the kingdom, Labour Minister Suchart Chomklin said on Thursday.

BUSINESS

Study trims growth to 3% if crude averages $150

Business, Chatrudee Theparat, Published on 25/03/2022

» Thai economic growth may fall to 3% this year if the Dubai crude oil price averages US$150 per barrel, according to a joint study by the government's planning unit, the Bank of Thailand and the Fiscal Policy Office.