Thailand’s new VAT regulations on imported goods, implemented to ensure fair trade and protect local producers, are a significant development for the country’s economy. Thailand’s Customs Department is set to implement a new policy, starting from May 2024, that will charge value-added tax (VAT) on all imported goods sent through postal services, regardless of their value. According…
Toyota has launched electric songtaews in Pattaya for testing ahead of mass production of electric Hilux pickup trucks by 2025 Toyota Motor Thailand has launched a public transport pilot project in Pattaya featuring nine all-electric Hilux Revo pickup trucks. The initiative demonstrates the Japanese automaker’s growing efforts to compete with Chinese companies, which have significantly…
The spread of cashless payments through PromptPay’s electronic payment system in Thailand is set to reach a record high in 2023 The Bank of Thailand’s 2023 year-end report said financial transactions passing through PromptPay, Thailand’s national electronic payment platform, reached a new high in 2023, while the number of cash transactions declined markedly. In December…
Phuket authorities propose designating the province as a particular administrative region to collect and distribute tax revenue independently. Phuket’s governor has proposed designating the island province as a particular administrative region to gain more authority over tax collection and budget allocation. This would allow Phuket to develop on par with Bangkok and Pattaya regarding the…
Following an explosion and fire at a chemical warehouse in Thailand, there are calls for buffer zones to separate industrial areas from tourist areas. Tourism operators in Thailand’s Rayong province have called for buffer zones to clearly separate industrial areas from tourist zones, as this week’s explosion at a chemical warehouse in the province has…
Thailand is preparing a massive cash handout to stimulate the economy, with the Cabinet approving a project to hand out 500 billion baht through digital wallets. The Cabinet has approved a 500 billion baht project to stimulate Thailand’s economy through digital wallets, clearing another hurdle to fulfilling a vital promise of the ruling Phea Thai party, Reuters reported, citing a…
Thailand’s prime minister is attracting investors to build Bangkok’s tallest building – a supertower taller than Dubai’s Burj Khalifa. Thai Prime Minister Settha Thavisin said on social network X on Friday that a group of investors led by Dubai’s largest property developer is in talks to build a mixed-use tower in Thailand that could compete…
Despite the ban on e-cigarettes, Thailand has seen a rise in the number of young vapers, raising serious concerns among experts and the general public. Targeted advertising is to blame for the rise in young e-cigarette users. Vapes look harmless, are cutely painted in bright cartoon colours and come in enticing flavours and fragrances. However,…
According to 2023 results, buyers from Russia continue to hold second place in the number of condominium transactions in Thailand, traditionally behind buyers from China. The Real Estate Information Centre has published a report on the condominium market in Thailand in 2023. The report shows that foreign buyers represent an increasingly important market segment, and…
Koh Muang Phet’s giant white albino buffalo has become the centre of attention in Thailand, attracting interest as a symbol of the country’s soft power and tourist attraction. Thai News Agency reported that a giant albino buffalo worth more than 18 million baht (US$500,000) was brought to meet Prime Minister Seththa Thawisin at Government House….