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BUSINESS

End of share sales tax waiver

Business, Post Reporters, Published on 30/12/2022

» The end of the waiver for the financial transaction tax on stock sales is scheduled to take effect in 2023, increasing the country's revenue as part of a tax system overhaul.

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BUSINESS

Pressure from land levy

Business, Post Reporters, Published on 30/12/2022

» The government's plan to reintroduce the full levy for the land and building tax in the 2022 tax year has hoteliers concerned, following a 90% reduction of the tax granted to property owners during the pandemic years.

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BUSINESS

Rolling with the punches

Business, Post Reporters, Published on 27/12/2022

» This year has been packed with events that highlighted both progress and setbacks — unavoidable realities in the world of business. The year posed challenges for the government and businesses seeking new opportunities post-pandemic, sparked hope among car makers that are anticipating growth of the electric vehicle industry in Thailand, as well as unsuccessful attempts by some companies to further grow their businesses.

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BUSINESS

A turbulent economic ride

Business, Post Reporters, Published on 28/12/2022

» The spotlight in the business sector this year has been on policy rate hikes, the revival of tourism and the telecom mega-merger.

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BUSINESS

Mergers shake up the landscape

Business, Post Reporters, Published on 29/12/2022

» Amid economic challenges and rapid changes in various sectors, the strategic approach of mergers and acquisitions (M&A) was used to help businesses stay afloat and elevate their competitiveness, in addition to partnership agreements.

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BUSINESS

Rise of Chinese electric vehicles

Business, Post Reporters, Published on 27/12/2022

» While sales of electric vehicles (EVs) have been good this year, manufacturers -- most notably Chinese automakers -- have also marked a new chapter for Thailand's auto industry through significant investment projects.

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BUSINESS

Collapse of the SCB-Bitkub deal

Business, Post Reporters, Published on 27/12/2022

» Siam Commercial Bank (SCB), Thailand's oldest lender, announced on Aug 25 the collapse of its acquisition offer for 51% of the shares of Bitkub Online Co (Bitkub) from Bitkub Capital for 17.8 billion baht, citing regulatory issues.

BUSINESS

Insurance upheaval

Business, Post Reporters, Published on 27/12/2022

» A huge number of Covid-19 insurance lump-sum claims, spurred by the peak of the pandemic in 2021 and early this year, caused the closure of four insurance companies -- Asia Insurance, The One Insurance, Southeast Insurance and Thai Insurance -- as they did not have sufficient capital reserves to pay out on the claims.

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BUSINESS

Thailand caps year with over 11 million tourists

News, Post Reporters, Published on 25/12/2022

» Thailand has welcomed more than 11 million tourists so far this year, government spokesman Anucha Burapachaisri said on Saturday.

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BUSINESS

True-DTAC merger saga

Business, Post Reporters, Published on 27/12/2022

» The telecom sector this year has been dominated by movements surrounding the planned merger of True Corporation and Total Access Communication (DTAC), the second and third biggest mobile operators in the country by subscriber base, respectively.