Just look at the bolded text – Thailand is a Chinese vassal state.

  1. Ministry mulls revision of EV import duties: The Finance Ministry is considering cutting import duties for electric vehicles to make them more affordable. Effort to facilitate greater affordability. The Finance Ministry is considering a revision of the import duty rates for electric vehicles (EV) to make them more affordable for consumers, says Deputy Finance Minister Santi Prompat. Mr Santi said the goal is to enable Thais to buy EVs at reasonable prices as part of the country’s EV promotion policy. Thailand’s EV import tax rates vary. EVs imported from China enjoy a 0% tax rate under a bilateral agreement between Thailand and China. Bangkok Post. Finance Ministry mulls revising import duty rates for EVs to make them more affordable for consumers. Currently EVs from China enjoy 0% rate, while those from Japan and EUs face 20-80%, as their content exceed the level required to qualify for lower rate.
  2. Cheaper power bills on cards as fuel tariff to cut: Cheaper electricity bills are likely from May as PTT has leftover funds that can be used to cut the fuel tariff. Homeowners may see cheaper electricity bills in May as the National Energy Policy Council (NEPC) has approved spending 13 billion baht from gas sales contracts in Myanmar to reduce the fuel tariff (Ft). National oil and gas conglomerate PTT Plc is the sole buyer of natural gas from operators at the Yadana and Yetagun offshore gas fields in the Gulf of Martaban under take-or-pay contracts, which commit it to paying for a fixed amount of gas, though their usage may be lower than the amount stated in the contracts. Bangkok Post
  3. Indonesia plans to halt bauxite exports this year and copper ore exports next year to boost domestic downstream industries.
  4. Livestock Department eventually said on Tuesday that it detected a positive case of African swine fever out of 309 samples it collected from pig farms and slaughterhouses in Nakorn Pathom.
  5. Omicron uncertainties could trim H1 growth: The economy could see lower growth in the first half than a baseline scenario due mainly to uncertainties caused by the Omicron variant of Covid, according to the Bank of Thailand. The central bank earlier predicted the economy would expand 3.4% this year, down from its previous forecast of 3.9%, and by 4.7% in 2023. The projected growth would be driven by domestic spending, a gradual improvement in foreign tourist figures as well as a recovery in various sectors in line with economic activities. Bangkok Post
  6. Tax reform push poses threat: Global push may hit Thai tax incentives. Major economies’ attempts to revamp the global taxation system might tackle corporate tax avoidance but could also impact Thai tax incentives granted by the Board of Investment (BoI), said the Revenue Department’s director-general Ekniti Nitithanprapas. Members of the G20 and the Organisation for Economic Co-operation and Development (OECD) are discussing a plan to reform the global tax system via two key methods. Bangkok Post
  7. Sugarcane prospects look positive: Sugarcane output is expected to reach 85-90 million tonnes in the 2021-22 crop year amid better business prospects in the sugar industry, says the Federation of Thai Industries (FTI). The output, which could be used to produce 9-10 million tonnes of sugar, is lower than an estimate of 100 million tonnes made by the Thai Sugar Millers Corporation (TSMC) last year. Bangkok Post
  8. Living cost rise jitters: Headline inflation to remain within target. The Bank of Thailand is concerned with higher prices for living costs, but not in terms of overall price stability, says the central bank governor. The bank believes higher prices will not have an adverse impact on the macro economy and headline inflation will remain within its target, said central bank governor Sethaput Suthiwartnarueput. Yet soaring energy and food prices could add to the cost of living amid a slow economic recovery, he said. Bangkok Post
  9. Bond issuance to reach B1tn: Long-term corporate bond issuance will likely reach 1 trillion baht this year as the private sector seeks funds to expand business and enhance liquidity, according to the Thai Bond Market Association (TBMA). The TBMA said the global interest hike will not hurt the Thai bond market’s liquidity as much as investors fear because the domestic demand for corporate bonds remains high. Businesses in energy, finance and leasing, property and commerce are expected to be the top issuers this year, said the group. Bangkok Post
  10. State aims to expedite consumer spending: 4th phase of co-pay scheme to be sped up. The government is mulling a faster rollout of the fourth phase of the “Khon La Khrueng” co-payment subsidy scheme to stimulate spending. Bangkok Post

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