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Striving for a more balanced economy
Oped, Wichit Chantanusornsiri, Published on 14/05/2020
» In its bid to alleviate the economic damage from the coronavirus pandemic through the 1-trillion-baht borrowing scheme, the Prayut Chan-o-cha government aims to provide immediate relief to millions who are in trouble, and also restore the grassroots economy, with a view to better balancing the economic system, so it depends less on exports and tourism.
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Apisak securing draft law for business ease
Business, Wichit Chantanusornsiri, Published on 24/10/2018
» Even as the general election nears, Prime Minister Prayut Chan-o-cha is pushing the Finance Ministry to complete a new draft Secured Transactions Act to facilitate business operations and raise the country's ranking in the World Bank's Ease of Doing Business list.
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Predee quits finance post
News, Wichit Chantanusornsiri, Published on 02/09/2020
» Finance Minister Predee Daochai has resigned after only 26 days in the job in the wake of a reported conflict with his deputy over the appointment of the director-general of the Excise Department.
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Lengthy delay for new property tax
Business, Wichit Chantanusornsiri, Published on 02/07/2018
» The land and buildings tax set for Jan 1, 2019 is likely to be enforced behind schedule because of the time-consuming approval process, says an informed source at the Finance Ministry.
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Apisak says digital coins will remain legal
Business, Wichit Chantanusornsiri, Published on 08/02/2018
» The government will not ban cryptocurrency trading, says Finance Minister Apisak Tantivorawong, but a regulatory framework to govern digital currencies will become clearer within a month.
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Govt boasts of an end to poverty through e-cards
Wichit Chantanusornsiri, Published on 12/02/2018
» Measures introduced by the government will lift more than 5 million registered poor people above the poverty line, according to a senior Finance Ministry official.
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Emergency funds in the spotlight
Business, Wichit Chantanusornsiri, Published on 17/10/2016
» The Budget Bureau will amend the Budgeting Procedure Act to widen the finance minister's power to allocate Treasury reserves for emergency requirements to 50 billion baht from the current 100 million.
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FPO: Picofinance to reduce shark loans by B100bn
Business, Wichit Chantanusornsiri, Published on 06/10/2016
» The imminent introduction of picofinance is expected to help convert around 100 billion baht worth of underground loans into the formal financial system, says the chief of the Fiscal Policy Office (FPO).
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Citizens shoulder burden of vast state debt
News, Wichit Chantanusornsiri, Published on 11/06/2015
» Bad policies formulated by previous governments including the previous government's rice scheme have left the country in financial trouble, owing some 720 billion baht.
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Thailand begins OECD membership process
Business, Wichit Chantanusornsiri, Published on 18/04/2024
» Thailand has developed a roadmap to become a member of the Organisation for Economic Co-operation and Development (OECD), a group of developed countries, aiming to elevate the country’s standards and broaden trade and investment opportunities.
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