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FTI backs restructuring of vehicle taxation to boost local EV supply chains
Today 14:52Key points summarised by AI
The Federation of Thai Industries (FTI) strongly supports overhauling the automotive tax structure to incentivize domestic investment and manufacturing in the electric vehicle (EV) sector.
The proposed tax reforms aim to encourage local production, promote the use of domestic parts and raw materials, and integrate small and medium-sized enterprises (SMEs) into the modern EV supply chain.
This initiative responds to Thailand's rapidly transforming auto sector, marked by an 88% year-on-year increase in Battery Electric Vehicle (BEV) registrations and significant Board of Investment approvals for EV-related projects.
The restructuring seeks to ensure fair competition, transfer technology, upskill the workforce, and solidify Thailand's position as a global production and export hub for electric vehicles.
Finance Ministry to drop Entertainment Complex bill from Cabinet agenda
Today 17:05Key points summarised by AI
The Finance Ministry will remove the controversial Entertainment Complex bill from the Cabinet agenda due to widespread criticism and potential political instability.
Heavily criticized as a 'Trojan horse' for establishing casinos, the bill risked provoking anti-government protests and further weakening the government's fragile parliamentary majority.