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THAILAND

Energy costs prompt crisis talks

News, Chatrudee Theparat, Published on 09/03/2022

» The National Energy Policy Committee (NEPC) will on Wednesday discuss measures to deal with soaring energy prices, including efforts to maintain the cap on diesel prices at below 30 baht a litre.

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BUSINESS

State slashes excise tax on fuels used by Egat

Business, Chatrudee Theparat, Published on 09/03/2022

» The cabinet on Tuesday approved cutting the excise tax on diesel and bunker oil used to generate electricity by the Electricity Generating Authority of Thailand (Egat) to zero in a bid to lower electricity bills for six months.

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BUSINESS

Loans capped for Oil Fund to be lifted

Chatrudee Theparat, Published on 09/03/2022

» The National Energy Policy Committee (NEPC) on Wednesday resolved to remove the 40-billion-baht cap on loans to support the Oil Fund in the wake of the Russian invasion of Ukraine.

BUSINESS

State vows to expedite EEC projects

Business, Chatrudee Theparat, Published on 10/03/2022

» The government vows to accelerate key investment infrastructure projects in the Eastern Economic Corridor (EEC) and pledges to ensure transparency and fairness to the private sector.

BUSINESS

Perks for 7 EEC zones to be introduced soon

Business, Chatrudee Theparat, Published on 14/03/2022

» Details of special incentives for seven economic zones in the government's flagship Eastern Economic Corridor (EEC) are scheduled to be announced over the next few days.

BUSINESS

State feels existing EEC target can be met

Business, Chatrudee Theparat, Published on 07/03/2022

» The rapid spread of Omicron infections and the escalating Russia-Ukraine conflict are expected to affect the country's investment prospects this year, but the government remains optimistic that investment in its flagship Eastern Economic Corridor (EEC) can reach 2.2 trillion baht over the next five years as projected.

BUSINESS

Think tank recommends metaverse to pace economy

Business, Chatrudee Theparat, Published on 08/03/2022

» The government should pay more attention to metaverse development as a potential technology to help rehabilitate the Thai economy, says the National Economic and Social Development Council (NESDC).

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BUSINESS

NESDC bullish on growth prospects

Business, Chatrudee Theparat, Published on 22/02/2022

» The National Economic and Social Development Council (NESDC) is maintaining its 2022 forecast for economic growth at 3.5-4.5%, with the state planning unit expecting the government to successfully contain the spread of the Omicron variant without any more restrictions.

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THAILAND

Visa perks for wealthy long-stays

News, Chatrudee Theparat, Published on 23/02/2022

» The cabinet has approved a number of incentives for three foreign groups of taxpayers: high-income earners, retirees and those who want to work remotely from Thailand, said Finance Minister Arkhom Termpittayapaisith.

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BUSINESS

Cabinet pushes through EV customs and excise duty cuts

Business, Chatrudee Theparat, Published on 23/02/2022

» The cabinet on Tuesday approved a package of customs duty and excise tax measures to promote the electric vehicle (EV) industry and reduce carbon monoxide emissions.