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BUSINESS

New measures to help SMEs in state auctions

Business, Wichit Chantanusornsiri, Published on 14/07/2023

» The Comptroller-General’s Department has issued measures to help small and medium-sized enterprises (SMEs) gain access to government auctions, aiming to deter large firms disguised as SMEs from participating in them, says comptroller-general Kulaya Tantitemit.

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BUSINESS

Calm approach on tax reforms urged

Business, Wichit Chantanusornsiri, Published on 17/07/2023

» The Finance Ministry's permanent secretary Krisada Chinavicharana is warning the new government that tax reforms to increase revenue must not cause a shock to the economy.

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BUSINESS

Revenue to unveil chatbot

Business, Wichit Chantanusornsiri, Published on 10/07/2023

» The Revenue Department is preparing to introduce a chatbot to offer answers to taxpayers online as a new channel for virtual tax consultation, says director-general Lavaron Sangsnit.

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BUSINESS

Social Security Fund dips by B17.6bn

Business, Wichit Chantanusornsiri, Published on 11/07/2023

» In 2022, the Social Security Fund (SSF) declined by more than 17.6 billion baht, the first drop in five years, as a result of decreased market capitalisation (mark to market) and reduced contributions to alleviate the financial burden of subscribers during the pandemic, says a Finance Ministry source who requested anonymity.

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BUSINESS

SME D Bank loans set to reach B70bn

Business, Wichit Chantanusornsiri, Published on 12/07/2023

» Most loans being issued by the Small and Medium Enterprise Development Bank of Thailand (SME D Bank) are to increase liquidity, with only a few for investment as entrepreneurs are still concerned about the unclear political situation, according to president Nartnaree Rathapat.

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BUSINESS

Budget spending sped up

Business, Wichit Chantanusornsiri, Published on 07/07/2023

» The Comptroller-General's Department plans to expedite the disbursement of state investment budgets in the last quarter of fiscal 2023 because they have been below target the past three quarters, says comptroller-general Kulaya Tantitemit.

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BUSINESS

Customs urged to speed up clearance process

Business, Wichit Chantanusornsiri, Published on 03/07/2023

» Finance Minister Arkhom Termpittayapaisith has urged the Customs Department to expedite the customs clearance procedures for exports and imports, particularly those pertaining to the automotive industry.

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BUSINESS

Businesses urged to use digital tax system

Business, Wichit Chantanusornsiri, Published on 04/07/2023

» The Revenue Department is encouraging entrepreneurs to use the digital tax system, which will make value-added tax (VAT) refunds five times faster than they currently are, says the director-general Lavaron Sangsnit.

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BUSINESS

Agency upbeat on use of blockchain tech

Business, Wichit Chantanusornsiri, Published on 05/07/2023

» The Comptroller-General's Department (CGD) believes the use of the blockchain technology in government auctions will increase transparency and create fairness for all bidders, says comptroller-general Kulaya Tantitemit.

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BUSINESS

How Thailand's welfare state could change

Business, Wichit Chantanusornsiri, Published on 28/06/2023

» For the past few decades, many countries have been working towards providing "healthcare for all", including equity in access to healthcare and healthcare financing.