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BUSINESS

Customs mulls higher import duty rate

Business, Wichit Chantanusornsiri, Published on 12/01/2026

» The Customs Department is considering raising the import duty rate on goods with a low value and applying a single, uniform rate to promote fairer competition between domestically produced goods and imported products.

BUSINESS

Election puts new rules in limbo

Business, Wichit Chantanusornsiri, Published on 05/01/2026

» In 2026, several taxes are in the Finance Ministry's pipeline that will affect salaried employees, the public and businesses.

BUSINESS

Customs cracks down on shoddy products

Business, Wichit Chantanusornsiri, Published on 23/12/2025

» The Customs Department has partnered with online sales platforms to crack down on sales of non-certified products.

BUSINESS

Economic decline deepens as consumer confidence dives

Business, Wichit Chantanusornsiri, Published on 30/09/2025

» Thailand's economy remained sluggish in August as private consumption slowed, farm incomes declined, and exports softened due to the impact of US tariffs, according to the Fiscal Policy Office (FPO).

BUSINESS

Analyst urges narrower interest rate spread

Business, Wichit Chantanusornsiri, Published on 29/09/2025

» The new governor of the Bank of Thailand is being urged to prioritise narrowing the spread between lending and deposit interest rates, which is the highest in Southeast Asia, while also managing the baht to align with regional currencies.

BUSINESS

Budget for elderly welfare ballooning

Business, Wichit Chantanusornsiri, Published on 17/09/2025

» The budget for elderly welfare has surged, reaching 365 billion baht in fiscal 2026, which is 50% higher than 10 years ago, reflecting Thailand's transition to an ageing society, according to the Budget Bureau.

BUSINESS

Tax rejig favours EVs with more local parts

Business, Wichit Chantanusornsiri, Published on 28/07/2025

» The Excise Department is preparing to adjust the excise tax structure for automobiles, linking it to the use of local content.

BUSINESS

Government Housing Bank mulls new mortgage markets

Business, Wichit Chantanusornsiri, Published on 27/06/2025

» Finance Minister Pichai Chunhavajira wants Government Housing (GH) Bank to expand into other types of real estate lending, beyond just low-income housing.

BUSINESS

Official reveals criteria for stimulus

Business, Wichit Chantanusornsiri, Published on 12/06/2025

» The 157-billion-baht economic stimulus package expected to generate domestic employment, increase production that affects the domestic supply chain, and promote investment, is expected to go before the Economic Stimulus Committee over the next few weeks.

BUSINESS

GPF vows to hit investment returns target over decade

Business, Wichit Chantanusornsiri, Published on 27/05/2025

» The Government Pension Fund (GPF) remains committed to achieving average investment returns over the next 10 years that exceed domestic inflation by at least two percentage points.