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Search Result for “high excise tax”

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BUSINESS

AWC’s 5-billion-baht Ritz-Carlton set to offer most expensive room rates

Molpasorn Shoowong, Published on 09/06/2025

» SET-listed Asset World Corp (AWC) has invested over 5 billion baht in developing the Ritz-Carlton Bangkok at the Lhong 1919 Riverside Heritage Destination in Bangkok, aiming to become the hotel offering the highest room rate in the city.

BUSINESS

Airlines on edge

Business, Molpasorn Shoowong, Published on 06/06/2025

» Despite improving financially this year, the aviation industry is still bracing for uncertainties from tariff policies, geopolitical conflicts and supply chain disruption, according to the International Air Transport Association (IATA).

BUSINESS

Call for major upgrades to Thai tourism sector

Business, Molpasorn Shoowong, Published on 03/06/2025

» The Tourism Council of Thailand (TCT) will this week submit a letter to Prime Minister Paetongtarn Shinawatra, requesting improvements to the tourism industry in order to compete at the global level.

BUSINESS

Tourism slump hurts Bangkok restaurants

Molpasorn Shoowong, Published on 27/05/2025

» Weak domestic spending and sluggish foreign tourism, particularly from the Chinese market, have caused restaurant revenue on Bangkok’s popular Banthat Thong Road to dip by 40-50%, according to the Bantadthong Association.

BUSINESS

Call for transport reforms to boost tourism

Molpasorn Shoowong, Published on 26/05/2025

» Tourism operators are urging the government to crack down on taxi scams and provide reasonable public transport fares, as another negative image of Thai tourism has emerged in the form of a study carried out by Mastercard Economics Institute, which includes Bangkok among the cities with the higher rates of taxi and car rental fraud compared to other types of scams.

BUSINESS

MGM Resorts urges 'competitive' casino tax

Business, Molpasorn Shoowong, Published on 21/05/2025

» Thailand should have a casino tax rate that is competitive with Singapore and a substantial number of locals should be allowed to visit casino complexes, rather than solely serving foreign tourists in order to stimulate tourism and economic growth, says integrated resorts operator MGM Resorts International.

BUSINESS

AWC calls for action on tourism

Business, Molpasorn Shoowong, Published on 12/05/2025

» SET-listed Asset World Corp (AWC) has urged the government to swiftly restore tourism confidence and promote new attractions to lure high-spending visitors.

BUSINESS

US film tariff not seen as big threat to Thailand

Molpasorn Shoowong, Published on 07/05/2025

» A threat by US President Donald Trump to impose tariffs of up to 100% on films produced outside the United States is unlikely to affect foreign film shoots in Thailand in the short term, as most productions have already been planned, according to the Tourism Department.

BUSINESS

Tourism surveys Chinese market

Business, Molpasorn Shoowong, Published on 03/05/2025

» While the government is hoping tourism can drive the economy during its "Amazing Thailand Grand Tourism and Sports Year 2025" campaign, the industry has been hit by several setbacks, resulting in slower growth since the pandemic.

BUSINESS

Student visa misuse ‘affecting Thai tourism industry’

Business, Molpasorn Shoowong, Published on 01/05/2025

» The tourism industry has been directly impacted by the large number of foreigners exploiting student visas to work illegally in Thailand, mostly targeting universities in second-tier provinces.