Showing 1 - 10 of 26
Finding new levers for energy subsidies
Business, Wichit Chantanusornsiri, Published on 04/04/2024
» The expiry of the diesel price subsidy programme using the state Oil Fuel Fund on March 31 caused energy authorities to call on the government to change the way it regulates domestic diesel prices.
Ethanol to be used in making bioplastics
Business, Wichit Chantanusornsiri, Published on 14/06/2023
» The cabinet has endorsed the promotion of the use of ethanol to produce bioplastics to create environmentally-friendly materials, said government spokesman Anucha Burapachaisri.
Arkhom coy on diesel excise tax cut
Business, Wichit Chantanusornsiri, Published on 30/05/2023
» Finance Minister Arkhom Termpittayapaisith has refused to take a stance on whether the diesel excise tax cut needs to be extended, saying it depends on global oil prices.
Ethanol tax incentives mulled
Business, Wichit Chantanusornsiri, Published on 20/03/2023
» The Finance Ministry stands ready to use tax measures to support the use of ethanol to produce bio-ethylene, a major feedstock used for making bio-based polyethylene, says a ministry source who requested anonymity.
Oil Fund borrowing bumps up public debt-to-GDP ratio
Business, Wichit Chantanusornsiri, Published on 12/01/2023
» Thailand's public debt-to-GDP ratio rose to 61.4% in fiscal 2023, above an earlier estimate of 60.4%, after the inclusion of the Finance Ministry's total guarantee for the Oil Fuel Fund's borrowings -- tallying 110 billion baht -- in the country's public debt management plan.
Excise tax collection up on robust car, beer sales
Business, Wichit Chantanusornsiri, Published on 31/03/2021
» Car and beer sales are recovering vigorously, resulting in a surge of excise tax revenue collection by the Excise Department from the two products for the first five months of fiscal 2021.
Excise eyes levy rejig to promote EVs
Business, Wichit Chantanusornsiri, Published on 11/12/2020
» The Excise Department is studying a restructuring of the entire vehicle excise tax, as it wants to gear measures to facilitate the use of electric vehicles (EVs) and reduce fossil fuel use in Thailand.
Finance Ministry plans rejig of fuel excise tax
Business, Wichit Chantanusornsiri, Published on 19/08/2019
» The Finance Ministry wants to revamp the structure of the excise tax on fuels to base it on carbon dioxide (CO2) emissions, with the aim of reducing greenhouse gas emissions to protect the environment.
Tax structure changed to 6 fuel types for 'flexibility'
Business, Wichit Chantanusornsiri, Published on 16/05/2019
» The Excise Department has tweaked the biodiesel excise tax structure by expanding the fuel brackets to six from two to provide flexibility for manufacturers, in line with efforts to thin the nation's palm oil supply.
New tax to encourage B20 use
Business, Wichit Chantanusornsiri, Published on 21/06/2018
» The Excise Department is imposing a tax on B20 biodiesel that is 82 satang lower than the B7 tax in a push to make the former’s retail price three baht per litre cheaper than the latter’s, says a senior official.