Showing 1 - 10 of 183
Ministry readies debt restructuring measures
Business, Wichit Chantanusornsiri, Published on 29/05/2024
» The Finance Ministry looks set to implement debt restructuring measures for individuals to help increase their disposable income.
Finance official optimistic on H2
Business, Wichit Chantanusornsiri, Published on 16/05/2024
» The economy is poised for healthier growth in the second half of the year, with three significant financial injections planned to stimulate momentum.
Central bank urged to take FIDF debt burden
Business, Wichit Chantanusornsiri, Published on 11/05/2024
» A proposal by a Finance Ministry official to shift the debt burden responsibility of the Financial Institutions Development Fund (FIDF) to the Bank of Thailand (BoT) has been put forward, as the central bank is already responsible for repaying both the principal and interest of the debt.
The thorny issue of digital wallet funding
Business, Wichit Chantanusornsiri, Published on 25/04/2024
» The coalition government led by Prime Minister Srettha Thavisin made a significant pivot on its flagship scheme, which aims to hands out 10,000 baht each to 50 million Thais via a digital wallet, shifting from government borrowing, which drew sharp criticism and raised concerns about potential violations of financial and fiscal discipline regulations.
‘No reason’ to resist rate cut, says finance official
Wichit Chantanusornsiri, Published on 22/03/2024
» The Bank of Thailand no longer has any reason to refrain from reducing its policy interest rate, says a senior official of the Ministry of Finance.
Ministries vow to ease land & building tax
Business, Wichit Chantanusornsiri, Published on 07/03/2024
» The Finance Ministry and Interior Ministry have pledged to improve the land and building tax to prevent a negative impact on the public amid several economic challenges.
Virtual bank licensing criteria set
Business, Wichit Chantanusornsiri, Published on 06/03/2024
» The Finance Ministry has announced the criteria to apply for a virtual bank licence, with initial registered capital set at 5 billion baht.
Scrutinising the need for overseas bonds
Business, Wichit Chantanusornsiri, Published on 29/02/2024
» Several heads turned when the government said last week it is considering a plan to raise US$1 billion (about 36 billion baht) worth of foreign currency-denominated bonds, with some observers expressing doubts about worthiness and the risk of currency devaluation.
NESDC revises growth outlook
Business, Wichit Chantanusornsiri, Published on 20/02/2024
» The National Economic and Social Development Council (NESDC) has revised down gross domestic product (GDP) growth for 2023 and its outlook for 2024 to 1.9% and 2.7%, suggesting the Bank of Thailand (BoT) use financial measures to support the economy, says secretary-general Danucha Pichayanan.
GSB told to ease up on informal debtors
Business, Wichit Chantanusornsiri, Published on 19/02/2024
» The Finance Ministry has ordered the Government Savings Bank (GSB) to consider relaxing conditions for informal debtors, says Deputy Finance Minister Krisada Chinavicharana.