NSTregion: They fear many businesses and families will struggle with basic expenses amid high economic uncertainty this year, mainly driven by rising oil prices as a result of the United States-Iran military tensions.
They fear many businesses and families will struggle with basic expenses amid high economic uncertainty this year, mainly driven by rising oil prices as a result of the United States-Iran military tensions.
Thai Chamber of Commerce chairman Kalin Sarasin suggested five measures to help local companies and the public. ‘The JSCCIB calls for contributions to the Social Security Fund to be reduced to 2.5 per cent from companies and employees for six months,’ Kalin said. The panel called for a tax exemption on machinery imports for 12 months to help business operators with expansion and investment.
‘If the prices reach US$80 per barrel, business operators cannot afford this higher cost, which will limit their competitiveness.’ Another hope is that the country’s 2020 budget of 3.2 trillion baht, which Parliament is currently debating, will be approved.
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