Showing 1 - 6 of 6
Treasury allots B4bn for medical hub
Business, Wichit Chantanusornsiri, Published on 20/10/2020
» The Treasury Department together with the Public Health Ministry has vowed to splurge as much as 4 billion baht to develop and convert Phuket's medical tourism industry into a world-class medical and wellness tourist destination.
TTM says sales revenue outpaces imports
Business, Wichit Chantanusornsiri, Published on 20/02/2019
» The state-owned Thailand Tobacco Monopoly (TTM) said its sales revenue outpaced that of imported cigarettes again during the first four months of fiscal 2019, crediting the launch of cheaper new brands to win back market share.
Savvy excise tax hike going up in smoke
News, Wichit Chantanusornsiri, Published on 06/09/2018
» I have a strong reason to oppose the recent decision by the Finance Ministry to delay an increase in excise tax on cigarettes for another two years, from next year to October 2021. The delay doesn't spell good news for the state coffers, which is one consideration. Another concern is that it would deal a harsh blow to the state's efforts to discourage young smokers.
Cigarette tax hike likely pushed to 2021
Business, Wichit Chantanusornsiri, Published on 28/08/2018
» The Finance Ministry has informally delayed doubling the excise tax on cigarettes to 40% for another two years to October 2021, claiming the higher levy will be a heavy blow to state-run Thailand Tobacco Monopoly's (TTM) sales revenue, and impede on its plan to buy tobacco from local farmers.
Tobacco Monopoly feels the burn from new excise rates
News, Wichit Chantanusornsiri, Published on 05/03/2018
» The state-run Thailand Tobacco Monopoly (TTM) is expecting the first loss, of about 1.5 billion baht, in its 79-year history, following new excise tax rates which it claims have benefitted importers of foreign cigarettes.
Retail prices for cigarettes under review
Business, Wichit Chantanusornsiri, Published on 15/01/2018
» The Excise Department is discussing the legality of prohibiting cigarette importers from setting their retail prices below the prices listed before Sept 16, 2017, the first day the new excise tax came into force.