Thailand Tobacco Monopoly
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Thailand Tobacco Monopoly
The Tobacco Authority of Thailand ( th, การยาสูบแห่งประเทศไทย; ) (TOAT), is a Thai state enterprise and the sole legal entity permitted to produce tobacco products in the country, mostly cigarettes. It was previously known as the Thailand Tobacco Monopoly (TTM), and operated as a non-juristic state enterprise under the Ministry of Finance until 14 May 2018 when it was corporatized as a juristic organization and assumed its new name. In its early days, the TTM had a monopoly over the manufacturing and distribution of tobacco products. The ratification of the ASEAN Free Trade Area agreement in 1992 meant that foreign tobacco companies could now distribute their own cigarettes in Thailand, and foreign companies could share in the Thai market. As of 14 May 2018, the Thailand Tobacco Monopoly was corporatized as the Tobacco Authority of Thailand. According to the ''Tobacco Authority of Thailand Act 2018'' as announced in the ''Royal Thai Gover ...
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State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ...
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Inspector General
An inspector general is an investigative official in a civil or military organization. The plural of the term is "inspectors general". Australia The Inspector-General of Intelligence and Security (Australia) (IGIS) is an independent statutory office holder who reviews the activities of the six Australian intelligence agencies under IGIS jurisdiction. The Inspector-General of the Australian Defence Force conducts internal reviews of administrative action, investigates Service Police professional standards breaches and other significant incidents including Service deaths, and reviews and audits the operation of the military justice system independently of the chain of command. The Inspector-General Australian Defence Force is appointed by the Minister for Defence. Bangladesh The chief of police of Bangladesh is known as the inspector general of police. He is from the Bangladesh Civil Service police cadre. The current inspector general of police is Dr. Benazir Ahmed, and his pred ...
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Manufacturing Companies Based In Bangkok
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final product. ...
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Tobacco Companies Of Thailand
Tobacco is the common name of several plants in the genus ''Nicotiana'' of the family Solanaceae, and the general term for any product prepared from the cured leaves of these plants. More than 70 species of tobacco are known, but the chief commercial crop is ''N. tabacum''. The more potent variant ''N. rustica'' is also used in some countries. Dried tobacco leaves are mainly used for smoking in cigarettes and cigars, as well as pipes and shishas. They can also be consumed as snuff, chewing tobacco, dipping tobacco, and snus. Tobacco contains the highly addictive stimulant alkaloid nicotine as well as harmala alkaloids. Tobacco use is a cause or risk factor for many deadly diseases, especially those affecting the heart, liver, and lungs, as well as many cancers. In 2008, the World Health Organization named tobacco use as the world's single greatest preventable cause of death. Etymology The English word ''tobacco'' originates from the Spanish word "tabaco". The precis ...
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State Enterprises Of Thailand
, the Government of Thailand holds majority ownership in 56 commercial entities that are categorized as state-owned enterprises (SOEs). These include: * Forty-six non-financial SOEs concentrated in key economic sectors such as communications, power generation and distribution, transportation, and water management. Several are among the largest listed companies in Thailand. * Ten financial SOEs, including a state-owned bank, a government pawnshop, and eight specialized financial institutions (SFIs) that carry out high-profile policy functions. * Since the military coup of 2014, there has been a sharp increase in active duty military officers sitting on the boards of state-owned enterprises. Of the 56 state-owned enterprises, 42 have military directors . SOE financials SOE total assets rose from 4.3 trillion baht (US$130 billion) in 2004 to 14.9 trillion baht (US$450.8 billion) in 2016. Revenues increased from 1.4 trillion baht to 4 trillion baht over the same period. As assets have ...
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Alliance One International
Pyxus International, Inc. is an international storage, sales, distribution company and is a publicly held independent leaf tobacco merchant. The company generates revenue primarily by selling leaf tobacco and relevant processing fees charged from tobacco manufacturers worldwide. , the company’s enterprise value is $1.27 billion. The company operates more than 50 manufacturing facilities worldwide. Its customer base include tobacco manufacturers in United Kingdom, Japan, China, U.S., Southeast of Asia region and elsewhere. History Alliance One International was established in 2005, as a result of the corporate merger between Dimon Incorporated and Standard Commercial Corporation. The company changed its name to Pyxus International in 2018. Dimon was founded in 1995, and later in 1997 it acquired Intabex Holdings Worldwide, which was the world's fourth-largest leaf merchant at the time. The company’s acquisition of Intabex was considered as the biggest one of that kind in t ...
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Universal Corp
Universal Corporation () is one of the world's leading tobacco merchants. Incorporated in 1886, Universal is headquarters in Richmond, Virginia, in the United States. Current operations Universal buys, sells, and processes flue-cured and burley tobacco. It also holds a 49% interest in Socotab, LLC, a large dealer in oriental leaf tobaccos. The company does not manufacture cigarettes or other consumer tobacco products, although its largest customer is Altria Group (owner of Philip Morris USA). Universal common stock is part of the S&P 600 index. History After the 1911 breakup of the American Tobacco Company trust, Jacquelin (sic) P. Taylor incorporated Universal out of six formerly independent leaf merchants. In 2010, Universal along with Alliance One International were accused of violations of the Foreign Corrupt Practices Act The Foreign Corrupt Practices Act of 1977 (FCPA) (, ''et seq.'') is a United States federal law that prohibits U.S. citizens and entities from bribin ...
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Fiscal Year
A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally not the reporting period to align with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to the fiscal year used for government purposes. The calculation of tax on an annual basis is especially relevant for direct taxes, such as income tax. Many annual government fees—such as council tax and license fees, are also levied on a fiscal year basis, but others are charged on an anniversary basis. Some companies, such as Cisco Systems, end their fiscal year on the same day of the week each year: the day ...
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Excise
file:Lincoln Beer Stamp 1871.JPG, upright=1.2, 1871 U.S. Revenue stamp for 1/6 barrel of beer. Brewers would receive the stamp sheets, cut them into individual stamps, cancel them, and paste them over the Bunghole, bung of the beer barrel so when the barrel was tapped it would destroy the stamp. An excise, or excise tax, is any duty (economics), duty on manufactured goods (economics), goods that is levied at the moment of manufacture rather than at sale. Excises are often associated with customs duties, which are levied on pre-existing goods when they cross a designated border in a specific direction; customs are levied on goods that become taxable items at the ''border'', while excise is levied on goods that came into existence ''inland''. An excise is considered an indirect tax, meaning that the producer or seller who pays the levy to the government is expected to try to recover their loss by raising the price paid by the eventual buyer of the goods. Excises are typically impos ...
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Ministry Of Public Health (Thailand)
The Ministry of Public Health (MOPH; th, กระทรวงสาธารณสุข, ) is a Thai governmental body responsible for the oversight of public health in Thailand. It is commonly referred to in Thailand by its abbreviation ''so tho'' (). History In Thailand before 1888 there were no permanent, public hospitals to provide care to sick people. Temporary hospitals were set up to care for patients during epidemics, then disbanded when the epidemic subsided. Under King Chulalongkorn (Rama V) a hospital was constructed and completed in 1888 and named "Siriraj Hospital" in commemoration of the king's young son, Prince Siriraj Kakudhabhand, who had died of dysentery. King Vajiravudh, King Chulalongkorn's successor, established Department of Health on 27 November 1918. During the reign of King Rama VIII, the Ministry of Public Health was established on 10 March 1942 as a result of the enactment of the Ministries and Departments Reorganization Act (Amendment No. 3) of ...
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Prayut Chan-o-cha
Prayut Chan-o-cha (sometimes spelled Prayuth Chan-ocha; th, ประยุทธ์ จันทร์โอชา, ; born 21 March 1954) is a Thai politician and retired Royal Thai Army, army officer who has served as the Prime Minister of Thailand since he seized power in a military coup in 2014. He is concurrently the List of Defence Ministers of Thailand, Minister of Defence, a position he has held in his own government since 2019. Prayut served as List of commanders-in-chief of the Royal Thai Army, Commander in Chief of Royal Thai Army from 2010 to 2014 and led the 2014 Thai coup d'état which installed the National Council for Peace and Order (NCPO), the military junta which governed Thailand between 22 May 2014 and 10 July 2019. After his appointment as army chief in 2010, Prayut was characterised as a royalist and an opponent of former prime minister Thaksin Shinawatra. Considered a hardliner within the military, he was one of the leading proponents of military crackdo ...
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Electronic Cigarette
An electronic cigarette is an electronic device that simulates tobacco smoking. It consists of an atomizer, a power source such as a battery, and a container such as a cartridge or tank. Instead of smoke, the user inhales vapor. As such, using an e-cigarette is often called "vaping". The atomizer is a heating element that vaporizes a liquid solution called e-liquid, which quickly cools into an aerosol of tiny droplets, vapor and air. E-cigarettes are activated by taking a puff or pressing a button. Some look like traditional cigarettes, and most kinds are reusable. The vapor mainly comprises propylene glycol and/or glycerin, usually with nicotine and flavoring. Its exact composition varies, and depends on several things including user behavior. Vaping is likely much less harmful than smoking. E-cigarette vapor contains fewer toxins than cigarette smoke. It contains traces of harmful substances not found in cigarette smoke. Nicotine is highly addictive. Users beco ...
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