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BUSINESS

Baht boosted by foreign investors

Business, Wichit Chantanusornsiri, Published on 12/01/2023

» The stronger baht is the result of foreign investors' confidence in Thailand, says Finance Minister Arkhom Termpittayapaisith.

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BUSINESS

Oil Fund borrowing bumps up public debt-to-GDP ratio

Business, Wichit Chantanusornsiri, Published on 12/01/2023

» Thailand's public debt-to-GDP ratio rose to 61.4% in fiscal 2023, above an earlier estimate of 60.4%, after the inclusion of the Finance Ministry's total guarantee for the Oil Fuel Fund's borrowings -- tallying 110 billion baht -- in the country's public debt management plan.

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BUSINESS

GH Bank keen to target the wealthy segment

Business, Wichit Chantanusornsiri, Published on 07/01/2023

» Government Housing Bank (GH Bank) wants to tap wealthy customers by offering high-value savings lotteries, aiming to become a new choice for people looking to diversify investment risk and earn a decent return amid a possible global recession and high inflation rate.

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BUSINESS

State to spend B50bn on welfare cards

Business, Wichit Chantanusornsiri, Published on 07/01/2023

» The government is expected to spend 50 billion baht on the state welfare card scheme in fiscal 2023, says Deputy Finance Minister Santi Promphat.

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BUSINESS

Santi favours updated railway contract

Business, Wichit Chantanusornsiri, Published on 06/01/2023

» Deputy Finance Minister Santi Promphat supports revising the contract for the high-speed railway linking three airports to take into account the impact from Covid-19 outbreaks on the bid winner, a Charoen Pokphand (CP) Group-led consortium.

BUSINESS

Carbon tax steps gradually taking shape

Business, Wichit Chantanusornsiri, Published on 04/01/2023

» The Excise Department wants to complete its study of carbon tax collection measures this year, says director-general Ekniti Nitithanprapas.

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BUSINESS

State key to stimulating expansion

Business, Wichit Chantanusornsiri, Published on 03/01/2023

» The acceleration of state investment in 2023 should provide a tailwind to propel economic growth momentum, says Finance Minister Arkhom Termpittayapaisith.

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BUSINESS

State disburses 74% of investment budget

Business, Wichit Chantanusornsiri, Published on 26/12/2022

» Disbursement of the state investment budget in fiscal 2022 tallied 74% of the total investment budget of 611 billion baht, the highest level over the past five fiscal years, says Kulaya Tantitemit, director-general of the Comptroller-General Department.

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BUSINESS

GSB unit unveils loan based on land pledge

Business, Wichit Chantanusornsiri, Published on 23/12/2022

» Mee Tee Mee Ngern, a Government Savings Bank (GSB) subsidiary, aims to extend land collateral loans worth 10 billion baht next year, says chief executive Isara Wongrung.

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BUSINESS

State agencies prep new 'gifts'

Business, Wichit Chantanusornsiri, Published on 20/12/2022

» Government agencies including the Finance Ministry are expected to propose measures to ease the cost of living for consumers and businesses, aiming to stimulate domestic consumption via "New Year's gifts", for cabinet consideration on Tuesday, says a ministry source who requested anonymity.