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Inbound duty-free shops to be closed

Bangkok Post LogoBangkok Post2d ago

Inbound duty-free shops to be closed - Bangkok Post

Quick Summary:

The cabinet says duty-free shops in arrivals areas of international airports will be closed to encourage more spending by visitors in domestic stores, with projections for up to 3.5 billion baht a year of new local retail spending.

These include scrapping tax benefits for bonded warehouses for inbound duty-free shops.

The duty-free operators submitted letters acknowledging they would halt all inbound duty-free shop operations, in line with government policy, until such policy is revoked, said the spokeswoman.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 17:36:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21461813

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About Bangkok Post

Bangkok Post Logo

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 9 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 9 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

Publisher Details

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The story "Inbound duty-free shops to be closed" has 451 words across 18 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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Bangkok Post is a fully independent (privately-owned) news outlet established in 1946 that covers mostly economy and business news.

The outlet is headquartered in Thailand and publishes an average of 9 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://beamstart.com/news/inbound-duty-free-shops-to-17199319176096

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