Government

The European Association for Business and Commerce (EABC) on Friday (November 29) called for enhanced competitiveness, further improvement of ease of doing business, and negotiation of an EU‐Thailand Free Trade Agreement.The EABC said these factors were crucial to strengthen Thailand’s economy, support the Thailand 4.0 ...

The Excise Department will devise a method to refund overpaid taxes to oil exporters in a manner that stems leakages, its chief says.The change in the tax refund practice will use blockchain, which the department plans to adopt by the middle of next year, said ...

Thailand and Myanmar signed a memorandum of understanding (MoU) on cross-border transport during a recent Greater Mekong Subregion (GMS) conference, Deputy Transport Minister Thaworn Senneam said on Wednesday.The signing took place at the 23rd GMS meeting in Phnom Penh on Monday.The MoU is part of ...

Ten defence ministers from Southeast Asian Nations on Sunday held an informal meeting in Bangkok with regional issues, including the South China Sea and Rohingya crisis on their agenda.The retreat was chaired by Deputy Prime Minister Prawit Wongsuwon, who in charge of security affairs. At ...

The Customs Department’s tax revenue collection missed its target by 1.1% in the first month of fiscal 2020.The tax-collecting agency in October gathered 52.1 billion baht, of which 8.7 billion was the Customs Department’s revenue and the remainder was revenue the department collected on behalf ...

The Revenue Department plans to adopt a carrot-and-stick approach in an effort to add 3-4 million individual and corporate taxpayers to the system, its chief says. The department must convince those with taxable income to enter the tax system, said Ekniti Nitithanprapas, director-general of the ...

Prime Minister Gen Prayut Chan-o-cha said Thailand stands ready to support Vietnam as chair of ASEAN in 2020 and thanked Vietnam for supporting Thailand as this year’s ASEAN chair.Keep watching ...

Finance Minister Uttama Savanayana has announced that holders of state welfare cards can expect more benefits soon.Speaking at an economic seminar in Chiang Mai on Wednesday (October 30), he said the government planned to add accident insurance for the 14.6 million people recipients, as well ...

Thailand is counting on a new bridge connecting with Myanmar to increase border trade between the two countries. Transport Minister Saksayam Chidchob said after opening the second Thai-Myanmar Friendship Bridge that the new link between Mae Sot district and Myanmar’s Myawaddy will increase border trade ...

In a few months’ time, the current Thai government’s position could be hanging in the balance. This is thanks to the country’s 3.2-trillion-baht (US$105.6 billion) fiscal 2020 budget which will have its third reading on 9 January next year. The 2020 fiscal year began on 1 ...