Prime minsiter scraps the 15% VAT plan
Prime Paetongtarn Shinawatra has abandoned plans to increase the value-added tax (VAT) following significant public opposition after her finance minister proposed the controversial hike. “No VAT adjustment to 15%,” Ms.…
Prime Voices Concerns Over Proposed VAT Increase to 15%
Prime minister Paetongtarn Shinawatra has added her voice to growing criticism regarding the Finance Ministry’s proposal to increase the value-added tax (VAT) from the current 7% to 15%. When asked…
TAT Aims to Encourage US Airlines to Launch Direct Flights to Thailand
The Authority of Thailand (TAT) aims to encourage US airlines to operate the first-ever direct flights to Thailand, as it appears unlikely that Thai carriers will introduce these routes following…
AIS Launches New Streaming Package
Advanced Info Service (AIS) has introduced its Play Ultimate package, which integrates leading streaming platforms into one offering for post-paid customers. Rungtip Jarusiripipat, the head of AIS Play, announced that…
Thailand extends deadline for production of EV vehicles
The Thai government will extend the deadline for electric vehicle (EV) manufacturers to meet local production targets, according to the Board of Investment (BoI) on Wednesday. Under the current EV…
Central Bank Chief Criticizes Surge of Chinese Imports
The influx of Chinese goods has had a substantial impact on Thailand’s manufacturing growth and has constrained loan expansion in the banking sector, according to the Governor of the Bank…
Finance Minister Proposes Tax Modifications
Finance Minister Pichai Chunhavajira has proposed increasing the value-added tax (VAT) while simultaneously reducing corporate and personal income tax rates. This initiative aims to bolster state revenue, promote national development,…
Exports Projected to Increase by 4% This Year, with Rice Exports Rising by 16.6%
Thailand’s exports are projected to grow by 4% this year, an increase from the previously estimated 2% growth, with a further rise expected of 1% to 3% in 2025, according…
Intensifying Competition in Bangkok’s Office Market
Bangkok’s office market faces the challenge of balancing an increasing supply of 1.1 million square meters of leasable space with evolving tenant demands, leading to heightened competition among landlords in…
UTA Seeks EEC Flexibility Amid High-Speed Railway Delays Impacting U-Tapao Airport Expansion Plans
The delay in the construction of the high-speed railway connecting three airports has prompted U-Tapao International Aviation Company (UTA) to prepare for negotiations with the Eastern Economic Corridor (EEC) to…