AI In-brief 11 Sept 02:17

Thailand’s inflation for April up 2.89% year on year

Thailand's April inflation surged by 2.89% year-on-year, primarily fueled by increases in oil and food prices.
Global oil price hikes, exacerbated by the Middle East conflict, significantly impacted public transport, food, and service costs.
Despite the rise, Thailand maintains a relatively low inflation rate compared to other nations, ranking second lowest in ASEAN and ninth globally.
Inflation is projected to continue its upward trend in May but is expected to decelerate in the second half of the year due to government initiatives.

AI In-brief Yesterday 15:18

Cabinet approves tax hike on imported EVs to 35% from 2027

The Cabinet approved raising excise tax on imported electric vehicles (BEVs and REEVs) to 35%, effective January 1, 2027, from current rates of 10-15%.
This tax hike aims to protect Thailand's local automotive manufacturing, safeguard jobs, and encourage new investments by offering tax incentive packages for companies establishing or expanding production facilities within the country.