Thai Cabinet slashes 2020 property tax by 90 percent
The Cabinet of Thailand has approved a reduction in Land and Building Tax this year of 90 percent to help ease economic disruption from the COVID-19 pandemic.
Schools across the country will open on July 1. (Source: Bangkok Post)
Bangkok (NNT/VNA) - The Cabinet ofThailand has approved a reduction in Land and Building Tax this year of 90percent to help ease economic disruption from the COVID-19 pandemic.
Meanwhile, schools across the country willopen on July 1, with the Ministry of Education preparing contingency plans incase of emergencies.
Prime Minister and Minister of Defence GenPrayut Chan-o-cha has revealed the outcome of the investment enhancement amongother aspects, as the country enters the New Normal.
The Cabinet approved a 90 percent reductionin the Land and Building Tax this year to help the general public cope witheconomic disruption from COVID-19, and prevent potential issues with land andbuilding taxation in the future.
The government has pushed back the taxfiling deadline to August, and will be holding further discussions with localauthorities on local tax collections.
On the reopening of schools, the PrimeMinister has confirmed the new academic year for schools will start on July 1this year, and continue until May 2021, with additional classes to be held tomake up for lost hours.
Schools may implement online and remotelearning, which must be regulated under clear guidelines.
The government has evaluated previousdevelopments to make plans for different scenarios, which include changes toremote classes on TV or online, for primary and junior high school studentsshould the outbreak worsen. Schools can open while the situation remains undercontrol, albeit with strict health and hygiene measures, and contingency plansfor cases of emergency.
The government has declared that allMinistry of Education disbursements must cover students and educational staff,and the establishment of a committee taking care of underprivileged or disabledstudents, who may require financial support./.
The price of Thai rice is higher than that of competitors due to limited supply and the strengthening of the baht, which could hurt exports, the Thai Rice Exporters Association (TREA) said.
Eighteen of the 34 members of the executive committee of the main coalition party Palang Pracharath (PPRP) resigned on June 1, paving the way for the election of a new party leader and executive committee in 45 days.
Thailand entered the third phase of its lockdown on June 1, with moderate-risk businesses allowed to be reopened, while the country observes a shortened curfew from 9pm to 3am.
Lottery sellers and street vendors in Thailand have asked for government assistance and remedies for the disruptions they are suffering as a result of the State of Emergency.
The Thai government is planning to make adjustments to its national strategy to keep abreast of changing social and economic trends caused by the global economic slowdown and the COVID-19 pandemic.
The Thai Cabinet has decided to allow migrant workers from Cambodia, Laos and Myanmar to work in Thailand until July 31, 2020, to help reduce the potential spread of the coronavirus disease 2019, and to maintain a workforce as the situation gradually improves.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Schools across the country will open on July 1. (Source: Bangkok Post) 
