Thailand’s Finance Ministry Looks to Hike Cigarette Tax to Help Fund Universal Health Care

The ministry aims to gain about 3 billion baht more in additional tax revenues per year from the proposed hike in cigarette taxes.

Thailand’s Finance Ministry Looks to Hike Cigarette Tax to Help Fund Universal Health Care

BANGKOK – Thailand’s Finance Ministry’s plan to seek the Cabinet’s approval on a new rise in excise taxes that will result in the retail prices of cigarette being raised by 2 baht per pack has drawn mixed reactions. The ministry aims to gain about 3 billion baht more in additional tax revenues per year from […]

Thailand’s Finance Ministry Expects 3.6% Economic Growth this Year

Thailand’s Finance Ministry Expects 3.6% Economic Growth this Year

– BANGKOK – Thailand’s Finance Ministry said on Thursday that the economy is expected to grow 3.6% this year, up from 3.2% last year, boosted by increased demand for Thai exports and government expenditure. Spokesman Krisda Chinavicharana said exports were growing faster than expected due to the improving economies of trading partners. Government spending continued […]