People in dark-red zones will not need to be fully vaccinated and/or pass a Covid test to dine in at eateries and restaurants in dark-red zones, latest announcement in the Royal Gazette.
Thailand will enforce the e-service tax law from today, following in the footsteps of >60 countries around the globe which collect VAT from foreign e-service operators reaping income in their territories.
Private investment falls in July: Private investment declined in July as a result of the prolonged pandemic, but the export sector has continued to expand for five consecutive months, said Fiscal Policy Office deputy spokesperson Wuttipong Jittungsakul. Yesterday the office published economic data for July, which revealed that sales of passenger cars and newly registered motorcycles declined by 9.8% and 17.7% year-on-year, respectively, as people continued to be worried about Covid-19. Bangkok Post
MPI up for fifth consecutive month on export growth: The value of exports in July hit 700 billion baht. Thailand’ manufacturing production index MPI in July increased by 5.12 year-on-year for the fifth consecutive month to 91.41 points, thanks to export growth. Despite Covid-19 outbreaks in many countries, international trade in July was still bustling due to global economic recovery driven by the US, China and Europe, according to the Office of Industrial Economics (OIE). Thai export value in July stood at 700 billion baht, which was good for the domestic economy, said Industry Minister Suriya Jungrungreangkit. Bangkok Post
PM rejects cabinet revamp talk: No plans to dissolve House early, he says. Prime Minister Prayut Chan-o-cha yesterday denied rumours regarding a cabinet reshuffle and a House dissolution, saying that he intended to stay on until the government completes its four-year term in 2023. Bangkok Post
Against the grain: Rice shippers are concerned high freight rates, an increase in supply and a labour shortage will limit exports. Export prices of Thai hom mali rice are now quoted at $700 per tonne, down from $800-900 per tonne at the beginning of this year. Rice exporters are growing concerned about the prospects for Thai hom mali rice because of expensive freight rates and greater supplies. Bangkok Post
Plot aims to oust premier: PM denies paying B5m to lawmakers. Controversy is flaring up over a “political deal” to unseat Prime Minister Prayut Chan-o-cha after some MPs from smaller parties in the government coalition confirmed the plot exists. Bangkok Post
Fiscal discipline board to mull debt ceiling: The government’s committee in charge of fiscal discipline has scheduled a meeting to draw up a five-year public debt management plan, says Patricia Mongkhonvanit, director-general of the Public Debt Management Office (PDMO). Bangkok Post
Mazda plans to suspend factories in TH & Mexico for 8 days in September due to chip shortages & supply disruption in SEA, Yomiuri newspaper.
Public Health Ministry revealed plan to reopen the country from October 1, 8 provinces including BKK, Chon Buri, Prachuap Khiri Khan, Chiang Mai, Trat, Rayong, Loei & Nong Khai provinces will be the 1st group to reopen under bubble-and-seal measures.