Thailand extends measures to tackle high oil prices, help tourism
Thailand’s cabinet on Tuesday extended measures to support energy prices and tourism, and approved plans to seek a contribution from refineries to boost the country’s depleted oil fund. The measures came as Thai headline inflation hit a near 14-year high of 7.1 per cent in May, driven by rising oil prices.
Thailand govt steps up inflation fight with subsidies and price caps
Thailand is stepping up its battle against inflation by extending price caps on dozens of essential goods for another year and channeling a share of profit from oil refiners to fund energy subsidies for an extended period. The government will continue controlling prices of more than four dozen essential goods and services such as rice, […]
Thailand BOI Approves US6.2 Billion in Investments, Including Foxconn-PTT’s EV Venture, and Improved Battery, Smart Zones Incentives
The Thailand Board of Investment (BOI) at a meeting today approved a combined 209.5 billion baht (US 6.2 billion) worth of investment applications in manufacturing and infrastructure projects, including 36.1 billion baht by Horizon Plus Co., Ltd., a joint venture between Taiwan’s Foxconn and Thailand’s PTT PCL, to make battery electric vehicles (BEV), and approved enhanced benefits for investment in battery production, building up on […]
Thailand approves $1 billion Foxconn-PTT venture for battery electric vehicles
Thailand’s investment agency on Monday approved a joint venture worth 36.1 billion baht ($1.04 billion) between Taiwan’s Foxconn and Thailand’s PTT (PTT.BK) to produce electric vehicles (BEVs).
Several hurdles remain for local EV market
The state passed an incentive package for electric cars, but high prices and lack of charging infrastructure hinder buyers The lingering question following the launch of the government’s electric vehicle (EV) incentive package earlier this year is whether lower prices will be able to attract prospective car buyers.
Oil refineries face state price cap
Energy authorities are considering imposing a price cap on oil sold by Thai refineries to better control energy inflation, with ongoing measures to tackle the problem scheduled to end this month.
New tax law could provide spark to Thailand’s global EV hub dream
A new tax law introduced today could provide the spark to realize Thailand’s global electric vehicle hub dream. The Excise Department in Bangkok revealed a law governing the reduction of the EV tax from 8% to 2% will be published tomorrow in the Royal Gazette and come into effect on Friday, after the Council of […]
Biden to exempt tariffs on solar panels from Thailand for 24 months
US President Joe Biden will issue a proclamation on Monday that will allow solar panels to be imported to the United States from Thailand, Malaysia, Cambodia and Vietnam without risk of tariffs for a 24-month period, a source familiar with the matter told Reuters.
