Firm allowed to delay bird’s nest duty payment
Bangkok Post, Thailand - 7 hours ago
Phatthalung _ Phatthalung governor Suthep Komolpamorn has granted a concessionaire’s request to put off payment of edible bird’s nest duty due to falling sales as a result of the bird flu scare. The province agreed last week to give Siam Nest Co a reprieve as the bird flu scare had caused a sharp drop in purchase orders from its main buyers.
Under a 500-million-baht concession allowing the firm to collect edible birds’ nests from Nov 2003 to Sept 2008, Siam Nest was required to pay 125 million baht on signing the contract and another three instalments of 25 million baht each per year for five years.
Add comment December 5th, 2006