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BUSINESS

AI makeover set for taxes

Business, Wichit Chantanusornsiri, Published on 02/06/2018

» The Revenue Department is taking aim at transforming into a fully digital organisation by 2020 and adopting artificial intelligence (AI) to curb tax evasion by the same year, its chief says.

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BUSINESS

SME Bank looks to increase public service account share

Business, Wichit Chantanusornsiri, Published on 01/06/2018

» The state-owned Small and Medium Enterprise Development Bank of Thailand (SME Bank) aims to raise its lending ratio for public service accounts (PSAs) to 52% of its loan portfolio and cut its bad loans to 10% this year, says its chief.

BUSINESS

Optimistic Exim revises up export growth rate to 10%

Business, Wichit Chantanusornsiri, Published on 31/05/2018

» The state-owned Export-Import (Exim) Bank of Thailand has painted a rosy picture regarding exports, saying the country's merchandise shipment growth could reach double digits this year.

BUSINESS

Moody's: EEC a boon to Thailand

Business, Wichit Chantanusornsiri, Published on 31/05/2018

» Moody's Investors Service says the government's investment flagship Eastern Economic Corridor (EEC) is credit-positive for Thailand, says Warotai Kosolpistkul, fiscal policy adviser to the Fiscal Policy Office (FPO).

BUSINESS

State enterprise bill snagged by tweaks

Business, Wichit Chantanusornsiri, Published on 30/05/2018

» The transfer of 11 corporatised state enterprises' shares owned by the Finance Ministry to a national holding firm as stipulated in a draft bill on reforming state-owned enterprises may have hit a wall after meeting strong opposition, says the State Enterprise Policy Office (Sepo).

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BUSINESS

Sepo to report IBank partner rejection

Business, Wichit Chantanusornsiri, Published on 29/05/2018

» State-owned Islamic Bank of Thailand's (IBank) refusal to accept a partnership proposal will be reported to the superboard by the State Enterprise Policy Commission at this week's meeting.

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BUSINESS

Sepo chief hopes for Thailand Future Fund IPO in July

Business, Wichit Chantanusornsiri, Published on 28/05/2018

» The IPO for the Thailand Future Fund (TFF), delayed several months, is set to launch in October after the Administrative Court turned down a request by the Expressway Authority of Thailand (Exat) labour union to revoke the infrastructure fund's launch plan.

BUSINESS

Reshuffle to place Ekniti at KTB, THAI

Business, Wichit Chantanusornsiri, Published on 25/05/2018

» Ekniti Nitithanprapas, director-general of the Revenue Department, is tipped to become chairman of Krungthai Bank (KTB) and Thai Airways International Plc after former finance permanent secretary Somchai Sujjapongse resigned from both posts.

BUSINESS

Prayut puts 30% pork-barrel cap in place

Business, Wichit Chantanusornsiri, Published on 25/05/2018

» The Fiscal Policy Committee chaired by Prime Minister Prayut Chan-o-cha has capped payment liabilities incurred from populist policies at 30% of annual budget expenditure, a move meant to prohibit politicians from spending lavishly on pork-barrel schemes.

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BUSINESS

Treasury revives 3 projects

Business, Wichit Chantanusornsiri, Published on 24/05/2018

» The Treasury Department's three long-delayed development projects -- the Mor Chit area, the construction of a boutique hotel on a prime plot of the east bank of the Chao Phraya River, and the expansion of Queen Sirikit National Convention Center (QSNCC) -- are expected to be revived soon.