Toyota loses 5m tax case

Toyota Motor Asia (TMT) Co has lost a 2015 import tariff argument in which the car maker was ordered to pay 11. 63 billion baht (US$315. five million) in missing taxes in connection with its move to import components to assemble Toyota Prius cars in Thailand.Continue Reading

Tests on new sub engine ‘completed’

A specialized panel has finished testing the Chinese-made engine that is becoming proposed as the replacement for a German engine that was supposed to strength the S26T Yuan-class submarine the navy is in the process of purchasing, Royal Thai Navy blue spokesman Pokkrong Monthatphalin said yesterday.Continue Reading