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BUSINESS

Exim Bank's tools can help SMEs survive, thrive

Business, Wichit Chantanusornsiri, Published on 08/12/2021

» Although many parties share common views on a better economic outlook for Thailand and the world next year, small and medium-sized enterprises (SMEs) might still have no good reason to celebrate, said Rak Vorrakitpokatorn, president of Export-Import Bank of Thailand (Exim Bank).

BUSINESS

Customs mulls non-tariff rule for cheap imports

Business, Wichit Chantanusornsiri, Published on 07/12/2021

» The Customs Department plans to introduce a non-tariff measure to bridge the disparity between low-priced goods shipped into Thailand that are tax-exempt and goods locally produced by small and medium-sized enterprises (SMEs), says director-general Patchara Anuntasilpa.

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BUSINESS

State mulls cut in import tax on EVs

Business, Wichit Chantanusornsiri, Published on 29/11/2021

» The Finance Ministry may consider lowering the import duty on electric vehicles (EVs) as part of the measures to promote the use of EVs, says a ministry source who requested anonymity.

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BUSINESS

FPO ups tourist arrival forecast to 200,000

Business, Wichit Chantanusornsiri, Published on 22/11/2021

» The Fiscal Policy Office (FPO) expects 200,000 international tourist arrivals this year, up from its earlier forecast of 180,000, said director-general Pornchai Thiraveja.

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BUSINESS

Forecast suggests EV tax changes will be gradual

Business, Wichit Chantanusornsiri, Published on 08/11/2021

» The Finance Ministry will maintain a balance between supporting existing manufacturers of internal combustion engine-powered cars and promoting electric vehicles (EVs) in its restructuring of the overall vehicle excise tax system, said a ministry source who requested anonymity.

BUSINESS

Exim preps loans for local airlines

Business, Wichit Chantanusornsiri, Published on 01/11/2021

» Export-Import Bank of Thailand (Exim Bank) will continue to provide loans to the local airlines next year, said the bank's president Rak Vorrakitpokatorn.

BUSINESS

FPO revises down growth to 1%

Business, Wichit Chantanusornsiri, Published on 29/10/2021

» The Fiscal Policy Office (FPO) has downgraded its forecast of Thai economic expansion this year to an average 1% from the previously predicted 1.3% mainly as a result of the resurgence of the Covid-19 pandemic in April, which severely impacted the country in the third quarter.

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BUSINESS

Bank upbeat on GDP outlook

Business, Wichit Chantanusornsiri, Published on 27/10/2021

» Standard Chartered Bank expects Thailand's gross domestic product to rebound in 2022 to around 3% from the forecast zero growth this year.

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BUSINESS

Office sees potential for 1.3% GDP growth in 2021

Business, Wichit Chantanusornsiri, Published on 18/10/2021

» Thailand could achieve 1.3% economic growth this year, as forecast by the Fiscal Policy Office (FPO), said Pisit Puapan, director of the Bureau of Macroeconomic Policy.

BUSINESS

Headline inflation posts 0.02% decline in August

Business, Wichit Chantanusornsiri, Published on 30/09/2021

» Headline inflation in August contracted 0.02% year-on-year, the first drop in five months, after the decline of fresh food prices and the government's launch of stimulus measures to ease the cost of living during the pandemic, says Wuttipong Jittungsakul, deputy spokesperson of the Fiscal Policy Office.