Thailand appeases protestors by scrapping rubber export tax

ERJ staff report (LMH)

Bangkok – The Thai government is to temporarily scrap rubber export tax in a move aimed at appeasing rubber farmers affected by falling prices, according to a report in The Business Times of Singapore.

The tax cut is due to start immediately and will run until the end of the year, the Thai Deputy Prime Minister is reported as saying.

The Business Times said the protesters, who want the government to buy their rubber at higher-than-market prices, rejected the measure and threatened to step up the protests.

However the news site also reported that around 20,000 protesters gathered at three main rally sites on 4 September, but by 5 September only some 300 remained.

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Article from Business Times