by Teuvo Tuomi | Jun 23, 2024 | Taxation, Imports, Manufacturing, News, Shipping, Thailand, Trade
Thailand’s Finance Ministry will begin collecting value-added tax (VAT) on all imported goods, including those priced below 1,500 baht. The ruling is effective from 5 July until the end of the year, according to the Royal Gazette. The reason for collecting VAT...
by Teuvo Tuomi | Jun 22, 2024 | Reports, ASEAN, Business, Cambodia, Economy, Indonesia, Malaysia, Philippines, Singapore, Southeast Asia, Thailand, Vietnam
For the first time, Fortune’s Southeast Asia 500 ranking for 2024 lists the region’s largest companies by revenue in the fiscal year 2023. With one of the world’s fastest-growing regions now having its own Fortune 500 list, this progress reflects Southeast Asia’s...
by Teuvo Tuomi | Jun 22, 2024 | Thailand, Digitalization, Environment, Infrastructure, News, Reports
Phuket has been ranked the top province-based smart city in Thailand. At the same time, the Wang Chan Valley in Rayong province was named the leading city-based smart area in the country, according to the Thailand Smart City Competitiveness Index 2023. The index...
by Teuvo Tuomi | Jun 20, 2024 | News, ASEAN, OECD, Thailand, Trade
The OECD Council has unanimously decided to commence the accession process with Thailand. Thailand has now attained the status of an OECD Accession Country. Joining the 38-nation group would enable Thailand to play a more prominent role on the global stage and elevate...
by Teuvo Tuomi | Jun 18, 2024 | ASEAN, Asia, Indonesia, Lifestyle, News, Reports, Singapore, South Korea, Southeast Asia, Thailand, Travel
Tourists from Singapore, Indonesia, and Thailand are among the 10 biggest spenders in Asia while traveling abroad, according to British website Merchant Machine. The average South Koreans spend $3,040 when they go on holiday abroad, more than any other people in Asia....
by Teuvo Tuomi | Jun 12, 2024 | Business, Manufacturing, News, Thailand
KKP Research reports that Thailand’s manufacturing production index declined over 15 months between December 2022 and March 2024, despite a global trade recovery. The number of factory closures in the country has been rising since the second half of last year....
