Jul 30, 2014

NCPO approved 8-year transportation improvement strategies

NCPO approved a 8-year transportation improvement strategies (BE 2558-2565 or CE 2015-2022).

NCPO also approved next year 108 billion Baht budgets for transportation improvements (BE 2558 or CE 2015).

First priorities are dual track projects for 6 routes, for 1 Meter Gauge for 887 km, to be complted in 2563 (2020).

NCPO also approved the future development of dual tracks with Standard Gauge, for electrical trains for a speed of 160 km/hr. Two routes, northeastern-eastern (Nongkhai - Korat - Saraburi - Laem Chabang, Mabtaphut,737 km for 392.57 billion Baht) and northern-central (Chiang Khong - Denchai - Ban Phachi, 655 km, 348.89 billion Baht) will be quickly implemented, to service passengers and freight trains.

Ref: Manager

Jul 18, 2014

Thailand CCC indicted former Prime Minister

Today, the Counter Corruption Commission unanimously (7:0) agreed to file criminal charge against former Prime Minister Yingluck Shinawater for her faults while in the position on the controversial rice pledging program which caused severe financial losses to the country, destroying rice market and rice exports, and neglected widespread corruptions at numerous steps of the process. The CCC would file the charge to criminal court.

Ref: Isra News

Jul 17, 2014

Thailand 's new purchase tax rate

Today, NPOMC (National Peace and Order Maintaining Council) declared a VAT (value added tax) reduction for 1 year, from October 1, 2014 - September 30, 2015, to 6.3% (from 7%). Then, the VAT would be increased to 9% from October 1, 2015.

Ref: Manager