Employment key to reopening economy Finance Minister Arkhom Termpittayapaisith has instructed ministry departments to devise measures to tackle unemployment and propel the economic recovery in preparation for a full reopening of Thailand’s economy. “Businesses without money cannot hire people, therefore one of the measures to tackle unemployment is to maintain existing employment. The government can…
Thai Beverage begins B1bn expansion Thai Beverage, the Singapore-listed Asean food and beverage company, is expanding its food business in the domestic market, vowing to splash about 1 billion baht on its food empire in fiscal 2021, starting from Oct 1. Nongnuch Buranasetkul, the company’s senior vice-president and chief of food business, said the company…
Bangkok office rents drop for the first time in 10 years As the coronavirus pandemic continues to take a toll on Thailand, and the region’s, economy, Bangkok office rents and occupancy rates are expected to drop after consistent growth over the past 10 years, according to Colliers International Thailand. It will be the first contraction…
Thailand approves 30K baht tax deduction to stimulate domestic spending The campaign offers taxpayers income tax deductions of up to 30,000 baht when purchasing products and services with a value-added tax (VAT) component, but excludes alcoholic beverages, tobacco, lottery tickets, fuel, accommodation and air tickets. BANGKOK (NNT) – A meeting of cabinet ministers has approved…