Cabinet Allows Tax Break on Software-related Expenses

Cabinet Allows Tax Break on Software-related Expenses BANGKOK (NNT) – The Cabinet has approved a measure to allow small-and-medium-sized enterprises (SMEs) to use their software or computer program-related expenses as a deductible against corporate income tax due, at the rate of two times the expense in some cases. Revenue Department Director-General Dr Ekniti Nitithanprapas said…

Commerce Ministry Plans Online Trade Fairs to Boost Exports

Commerce Ministry Plans Online Trade Fairs to Boost Exports

Commerce Ministry Plans Online Trade Fairs to Boost Exports BANGKOK (NNT) – The International Trade Promotion Department plans to host more virtual trade fairs and online business activities, to boost the country’s exports in the second half of the year amid COVID-19 outbreaks. Department Director-General Somdet Susomboon said the agency is preparing a schedule of…

Thai baht lowest since January

Thailand Consumer Confidence Index hits record low

Thailand Consumer Confidence Index hits record low The University of the Thai Chamber of Commerce has reported that the Consumer Confidence Index has hit another new record low of 46.0 in April. The Covid-19 global pandemic has had a devastating effect on the economy and consumer confidence has fallen frequently to the lowest points that…

Economist predicts economy will shrink 8.9% this year, despite easing of restrictions

Thai shippers upbeat about 6-7% growth

Thai shippers upbeat about 6-7% growth Thai shippers upgraded their export growth forecast to 6-7% this year from a 3-4% projection in December, helped by the global economic recovery, economic growth in major trading partners and healthy exports of industrial products such as automobiles, electrical appliances, equipment and parts, and oil-related products such as plastic…

Thailand Accelerates Registration of GI Products in 4 Countries

Thai Rice Exports Drop 23% in First Quarter Year on Year

Thai Rice Exports Drop 23% in First Quarter Year on Year Thailand’s rice exports fell by 23% in the first quarter year-on-year, to 1.13 million tons, because of higher prices than those offered by competitors. Thai Rice Exporters Association president Charoen Laothammatas said export value, from January to March, dropped to 21.8 billion baht, down…