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BUSINESS

Non-bank bill set for cabinet

Business, Wichit Chantanusornsiri, Published on 03/08/2018

» The Finance Ministry looks set to propose a draft bill on supervision of non-bank financial institutions to the cabinet, a measure meant to provide financial consumer protection, says a source familiar with the matter.

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BUSINESS

Adviser predicts recession in 2020

Business, Wichit Chantanusornsiri, Published on 02/08/2018

» The global economy is likely headed for a recession in 2020 and the economic downturn will accelerate if the China-US trade squabble turns into a full-blown trade war, says Supavud Saicheua, an adviser to Kiatnakin Phatra Financial Group.

BUSINESS

TCG secures small players with B50bn

Business, Wichit Chantanusornsiri, Published on 01/08/2018

» The state-owned Thai Credit Guarantee Corporation (TCG) aims to provide a new credit guarantee under Portfolio Guarantee Scheme 7 (PGS7) and the third phase of the micro entrepreneur scheme (Micro 3) worth 50 billion baht for the remainder of the year.

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BUSINESS

VAT exemption repeal in view

Business, Wichit Chantanusornsiri, Published on 31/07/2018

» The Revenue Department says the draft bill on revocation of the value-added tax (VAT) exemption for online purchases of goods worth less than 1,500 baht from vendors outside of Thailand that are shipped by mail will be ready soon.

BUSINESS

Excise Department mulls environmental tax options

Business, Wichit Chantanusornsiri, Published on 30/07/2018

» The Excise Department is conducting a study of the impact from imposing an environmental tax that could possibly be directed to a fund to support recycling and related activities.

BUSINESS

Excise rejig to aid importers

Business, Wichit Chantanusornsiri, Published on 28/07/2018

» The Excise Department will offer a 15% discount on the recommended retail price, the basis for excise tax computation, for luxury items or those not ubiquitously found on shelves, says the department's chief.

BUSINESS

95% spending aim for investment doable: Somkid

Business, Wichit Chantanusornsiri, Published on 26/07/2018

» Deputy Prime Minister Somkid Jatusripitak says the investment budget disbursement target for state enterprises of 95% this fiscal year is achievable, even though a mere 41% of the annual investment budget had been doled out by the end of June.

BUSINESS

Exim high on export prospects

Business, Wichit Chantanusornsiri, Published on 26/07/2018

» Export-Import Bank of Thailand is optimistic that shipment growth will reach the upper end of the forecast range of 7-9% this year, on the back of robust global economic growth, high commodity prices and continuing relocation of manufacturers' production bases to Thailand.

BUSINESS

PDMO to fan out debt oversight

Business, Wichit Chantanusornsiri, Published on 25/07/2018

» The Public Debt Management Office (PDMO) will extend its supervisory role over borrowing to 2,681 state agencies, aiming for a comprehensive approach to maintaining fiscal discipline, says a senior official.

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BUSINESS

Customs to bar entry of 12,000 tonnes of imported e-waste

Business, Wichit Chantanusornsiri, Published on 24/07/2018

» The Customs Department plans to redirect at least 12,000 tonnes of plastic scrap and electronic-waste (e-waste) after importers failed to process customs clearance procedures on time.