E-service tax brings in B6bn: The Revenue Department has collected almost 6 billion baht of e-service tax from foreign operators during the first 10 months of fiscal 2022, surpassing the target by 951 million baht. Bangkok Post
Landlords jittery over seizure risk: Government plans to claim vacant plots. Landlords in the hotel sector have raised concerns about the government’s policy to confiscate vacant land which has not been utilised for 10 years as there are no proper schemes or environment-related laws from state authorities to help develop the land for public benefit. Bangkok Post
Tourist arrivals were 1.124m in July, vs 18,056 yoy, Malaysian tourists topped the list with 220,554, Indian travelers came second with 106,139, Transport Minister.
Cabinet approves B2.92bn EV subsidy package: The cabinet yesterday approved spending worth 2.92 billion baht to subsidise electric vehicle (EV) purchases, aiming to drive Thailand to become the region’s EV production base and increase the competitiveness of its EV manufacturing industry. According to government spokesman Anucha Burapachaisri, the subsidies offered for the purchase of passenger cars, pickup trucks and motorcycles range from 18,000 to 150,000 baht per unit. Under the scheme, a subsidy of 70,000 per unit of a battery electric vehicle (BEV) will be offered for passenger cars priced less than 2 million baht with a battery of 10-30 kilowatt-hours (kWh), and 150,000 baht per car for a battery of more than 30 kWh for completely knocked down (CKD) and completely built-up (CBU) units. Bangkok Post
The Bt3.19trnl budget for fiscal year from October 1, which includes a deficit of Bt695b was approved by parliament yesterday.
Mobile & IT: iPhone 14, Apple watch series 8, AirPods Pro 2 to debut on Apple showcase event on September 7.
Deputy PM Prawit Wongsuwon has automatically taken over as caretaker PM but if he does not want the role suspended Prayut could fill it in his continuing capacity as a cabinet minister, said government legal expert Deputy PM Wissanu Krea-ngam.
Commerce Ministry has bowed to requests from the manufacturers of instant noodles, allowing Mama, Wai Wai and Yum Yum brands to raise their price by Bt1/packet in line with soaring production costs, effective from today.
Bevy of factors cut car output: The Federation of Thai Industries (FTI) has downgraded Thailand’s total car manufacturing target to 1.75 million units this year as its estimate of more production for domestic sales cannot offset a drop in exports amid geopolitical conflicts and lower consumer purchasing power. Bangkok Post
Thai household debt surges, reaching a 16-year climax: Thai households are dealing with the highest level of debt in 16 years thanks to prolonged Covid-19 outbreaks and slow economic growth, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC). Bangkok Post
