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Search Result for “high excise tax”

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BUSINESS

US job growth back on track

Bloomberg and Reuters, Published on 05/11/2021

» WASHINGTON: The US labour market got back on track last month with a larger-than-forecast and broad-based gain in payrolls, indicating greater progress filling millions of vacancies as the effects of the Delta coronavirus variant faded.

BUSINESS

Myanmar jade traders squeezed between junta and rebels

AFP, Published on 05/11/2021

» Myanmar jade traders are running from junta troops and dodging rebel attacks to sell dwindling volumes of the green gemstone, as the billion-dollar industry loses its shine months on from the coup.

BUSINESS

World food prices hit new 10-year high in October, says FAO

Business, Reuters, Published on 05/11/2021

» PARIS: World food prices rose for a third straight month in October to reach a fresh 10-year peak, led again by increases in cereals and vegetable oils, the UN food agency said on Thursday.

BUSINESS

State faces B150bn loss if diesel excise tax reduced

Business, Wichit Chantanusornsiri, Published on 05/11/2021

» If Thailand lowers the diesel excise tax by 5 baht per litre to peg the retail diesel price at 25 baht per litre, this will cost the state coffers up to 150 billion baht, said a Finance Ministry source, who requested anonymity.

BUSINESS

Cabinet okays B3.62bn for jab projects

Business, Chatrudee Theparat, Published on 05/11/2021

» The cabinet on Thursday approved a combined 3.62 billion baht budget proposed by the National Economic and Social Development Council to finance R&D on two Covid-19 vaccine projects.

BUSINESS

True Coffee harbours grand ambitions

Business, Pitsinee Jitpleecheep, Published on 05/11/2021

» True Lifestyle Retail Co, the operator of True Coffee chain owned by Supachai Chearavanont, chief executive of Charoen Pokphand (CP) Group, has repositioned itself for the first time in 15 years, now setting its sights on becoming a world-class roastery and bakery cafe.

BUSINESS

ICI for Thai stocks hits record high

Business, Nuntawun Polkuamdee, Published on 05/11/2021

» The Investor Confidence Index (ICI) for stocks over the next three months surged to a record high, spurred by strong prospects of a tourism rebound after the country's reopening and progress in vaccine rollouts that will attract foreign fund inflows to the Thai stock market next year.

BUSINESS

Consumer confidence growing amid recovery

Business, Phusadee Arunmas, Published on 05/11/2021

» Consumer confidence picked up for the second straight month in October, hitting a five-month high, while business sentiment rose for the first time in seven months, boosted by a drop in new Covid-19 infections, the easing of the lockdown restrictions, and the country's reopening to fully vaccinated foreign tourists this week.

BUSINESS

IKEA warns of price rises as supply-chain crisis takes toll

Business, Reuters, Published on 05/11/2021

» STOCKHOLM: The owner of the IKEA furniture brand said on Wednesday that it would raise prices due to supply-chain challenges far into 2022, after it reported a drop in full-year profit due to higher transport and raw material costs.

BUSINESS

CIMBT relaxes lending conditions for mortgages

Business, Somruedi Banchongduang, Published on 05/11/2021

» CIMB Thai Bank (CIMBT) has relaxed its lending conditions for mortgage loans by reverting to the criteria that was in place prior to the pandemic, thanks to its improving asset quality and the economic recovery.