Showing 1-10 of 17 results
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FPO proposes debt test to screen welfare smartcard recipients
Business, Wichit Chantanusornsiri, Published on 14/12/2018
» The Fiscal Policy Office (FPO) has floated the idea of adding debt burden to the criteria in screening recipients for the government's welfare and subsidy scheme for the poor in an effort to weed out cheats.
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Populist budget close to legal limit
Business, Wichit Chantanusornsiri, Published on 14/08/2018
» Little room remains in the budget for the government to spend further on populist policies through state-owned financial institutions, as populist spending is nearing the cap of 30% of the annual budget, says an informed source at the Finance Ministry.
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VAT return scheme for poor shaping up
Business, Wichit Chantanusornsiri, Published on 12/07/2018
» The planned repayment of value-added tax (VAT) to government welfare smartcard holders is expected to take shape by the end of this year, a move meant to improve their purchasing power.
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Ministry says 5% growth possible
Business, Wichit Chantanusornsiri, Published on 27/07/2018
» Thai GDP growth of 5% is likely this year if the global economy's performance and state spending outpace expectations, the Finance Ministry says.
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Infants' tax credit aims to reverse ageing tide
Business, Wichit Chantanusornsiri, Published on 06/12/2017
» The Revenue Department is set to allow individual taxpayers to double the child allowance claimed for the second child onward to 60,000 baht each as part of fresh efforts to reverse the demographic shift towards an ageing society.
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B127bn earmarked for rice scheme
Business, Wichit Chantanusornsiri, Published on 04/11/2016
» The government's scheme to delay releasing 10 million tonnes of new rice supply to the market, aimed at propping up sinking prices, will use a combined 127 billion baht in loans and subsidies, says the chief of the Bank of Agriculture and Agricultural Cooperatives (BAAC).
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State will take 16 years to pay off rice-pledging debt
Business, Wichit Chantanusornsiri, Published on 19/09/2016
» Government debt worth 510 billion baht, borrowed from the Bank for Agriculture and Agricultural Cooperatives (BAAC) to fund the last administration's loss-making rice-pledging scheme, will take an estimated 16 years to be paid off.
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B17bn rice loan eases pressure on government
News, Wichit Chantanusornsiri, Published on 15/02/2014
» The caretaker government has secured a loan of 17 billion baht from the Government Savings Bank (GSB), which will be used to distribute overdue payments to rice farmers.
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BAAC ready to dish out farmer cash
Business, Wichit Chantanusornsiri, Published on 04/03/2014
» The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) plans to begin using proceeds from specialised assistance funds to pay farmers once the total reaches 1 billion baht as expected by tomorrow, president Luck Wajananawat said on Monday.
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Bank shakes up farmer payment method
News, Wichit Chantanusornsiri, Published on 17/01/2014
» The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) has adopted a first-come-first-served policy for payments to farmers under the rice-pledging scheme to assure transparency, the bank's Executive Vice President Suraphong Nillaphan says.
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