Economy and commerce

The Digital Economy Promotion Agency (DEPA) has devised a measure to promote software usage, offering tax deductions of up to 200 percent of the value of a computer program suited to business operations.Keep reading ...

The Deputy Minister of Industry has followed up on the construction of an industrial estate in Udon Thani province, collecting information to be discussed during the Bueng Kan-Nong Khai Cabinet retreat.Keep reading ...

A recent report revealed that the government of Thailand has passed a bill that it hopes will ensure more effective tax collection, especially from e-commerce businesses. The new law will see financial institutions required to report transactions to the Revenue Department of customer accounts which ...

The Office of Small and Medium Enterprise Promotion (OSMEP) is launching a global connectivity program for SMEs designed to push local products onto the world market.Keep reading ...

The e-payment law, a tool for the Revenue Department to tax the income of non-salaried earners, particularly online vendors, will go into force from Jan 1, 2020. It takes time to link systems between the Revenue Department and financial institutions, so the money transfer reporting ...

Thailand’s internet economy ranked No.2 in Southeast Asia, worth US$ 12 billion (394 billion baht) in 2018 out of $72 billion in the region, thanks to growth of the e-commerce and online media sectors, according to the latest Google-Temasek report.Keep reading ...

The government’s tax collection policy is threatening the growth of e-payments and discouraging a cashless society, say e-payment and e-commerce proponents. The Bank of Thailand reported that the value of e-payments in June 2018 was 38.94 trillion baht, up from 33.56 trillion a year earlier. ...

Fiscal Policy Office (FPO) Director Lawaron Saengsanit has confirmed that the national economic situation reflects the growth of Gross Domestic Product. However, analysis of the overall economic situation requires economic stability which is reflected in other economic indicators, such as inflation.Keep reading ...

The shopping tax allowance to be announced next week by the government will satisfy the middle class, but will do little to boost the overall economy, a prominent economist said Wednesday (Nov, 28).Anusorn Tamajai, dean of Rangsit University’s Economics Faculty, said the year-end shopping scheme ...

Mobile is the future, and this is especially the case in ASEAN member states. As a matter of fact, e-commerce logistics management platform, Parcel Perform, recently noted that emerging markets like Myanmar and Thailand are seeing rapid growth in mobile marketing. A case in example ...