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THAILAND

State enterprises drive economy

Wichit Chantanusornsiri, Published on 05/11/2018

» State enterprises invested 310 billion baht in the first nine months of this year, up 45% year-on-year, and were the main force driving the economy, according to the State Enterprise Policy Office (Sepo).

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THAILAND

Smokers' shift to hike tax on loose tobacco

Business, Wichit Chantanusornsiri, Published on 08/11/2018

» The Excise Department is going to raise the tobacco tax after dozens of smokers have switched to hand-rolled cigarettes, prices for which are far cheaper than factory-made cigarettes following enforcement of a new excise tax structure last year.

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THAILAND

Latest tax break covers B60k of prenatal care, childbirth costs

Business, Wichit Chantanusornsiri, Published on 17/10/2018

» The Revenue Department is letting individual taxpayers claim an income tax deduction for prenatal care and childbirth expenses of up to 60,000 baht per tax year, with retroactive effect from Jan 1 this year, according to a department announcement.

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THAILAND

Mor Chit redevelopment to resume after 2-decade delay

Wichit Chantanusornsiri, Published on 17/09/2018

» The Treasury Department will ask the cabinet to approve a 26-billion-baht contract for the redevelopment of the old 63-rai Mor Chit bus terminal compound by Bangkok Terminal Co.

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THAILAND

Apisak stymies proposed cigarette tax

Business, Wichit Chantanusornsiri, Published on 02/10/2018

» The Public Health Ministry's proposed tax hike legislation on cigarette packs, aimed at subsidising expenses of the gold card healthcare scheme, has to comply with the Finance Ministry's fiscal discipline regulations, says Finance Minister Apisak Tantivorawong.

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THAILAND

Deductions for political contributions approved

Business, Wichit Chantanusornsiri, Published on 09/10/2018

» The Revenue Department is allowing tax deductions for contributions to political parties, with a cap of 10,000 baht for individual taxpayers and 50,000 baht for companies.

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THAILAND

Beauty from the most basic grain

Business, Wichit Chantanusornsiri, Published on 10/10/2018

» Rice has long been a farm-to-table product in Thailand, but it has become an increasingly popular ingredient in cosmetics and skincare items such as serums, eyeliner and face masks thanks to innovation, creating value-added products.

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THAILAND

The Kobe beef of Isan takes off

Business, Wichit Chantanusornsiri, Published on 23/08/2018

» Japan is famous for Kobe beef, beloved by foodies for its distinct marbling and melt-in-your-mouth tenderness. Thailand also has its own premium-grade beef, Pon Yang Kham, which has become a household name among meat lovers.

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THAILAND

Customs targets online shoppers

Wichit Chantanusornsiri, Published on 23/08/2018

» Online shoppers who buy from retailers abroad will soon be able to pay import duty online and have packages sent to their homes as the Customs Department is expanding its focus to small incoming packages.

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THAILAND

Tree bank loan amount rises

Business, Wichit Chantanusornsiri, Published on 29/08/2018

» The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) has raised the maximum loan amount under its tree bank scheme to 80% of collateral value from 50% to attract more people to grow high-value trees.