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Cabinet approves plan for 2024 budget boost to fund B500bn handout
Published on 28/05/2024
» The cabinet on Tuesday approved a plan to boost the 2024 fiscal budget by 122 billion baht to help finance its delayed household stimulus scheme, Deputy Finance Minister Paopoom Rojanasakul said.
KBank stays bullish on corporate loans
Business, Somruedi Banchongduang, Published on 28/05/2024
» Kasikornbank (KBank) remains confident in the debt repayment ability of its top 50 corporate clients, despite increased credit risks amid sluggish economic growth.
PTT optimistic on growth this year
Business, Yuthana Praiwan, Published on 28/05/2024
» National oil and gas conglomerate PTT Plc remains upbeat regarding the positive business outlook predicted for later this year, although the prices of petrochemicals, one of PTT's key products, are expected to keep falling.
Wage hike to benefit migrants, says FTI
Business, Lamonphet Apisitniran, Published on 28/05/2024
» The government must reconsider its controversial plan to increase the daily minimum wage to 400 baht nationwide as much of the money would go to migrant workers rather than help boost the domestic economy, says the Federation of Thai Industries (FTI).
Call for action on real estate loans
Business, Wichit Chantanusornsiri, Published on 28/05/2024
» The National Economic and Social Development Council (NESDC), the state planning unit, has urged financial institutions to adopt proactive policies in restructuring real estate loans following a sharp rise in the rate of non-performing loans (NPLs) for this type of credit.
Local business as usual, says Z.com
Business, Published on 28/05/2024
» GMO-Z com Securities (Z.com) has confirmed that it will continue to operate as usual in Thailand, although the Thai unit is reviewing margin loan service amid a significant drop in trading value of the Stock Exchange of Thailand (SET).
Economic chiefs weigh steps to lift growth, credit access
Published on 27/05/2024
» Thailand’s economic chiefs underscored the need for urgent stimulus measures and improved access to credit for small business to accelerate growth rate in the short-term amid the highest interest rate in a decade and near-zero inflation.
Employment dips 0.1% y/y in Q1 on lower farm jobs
Published on 27/05/2024
» Thailand's employment dropped 0.1% in the first quarter from a year earlier due to lower farm jobs, after a 1.7% year-on-year increase in the previous quarter, the National Economic and Social Development Council (NESDC) said on Monday.
Finance Ministry to optimise portfolio
Business, Nuntawun Polkuamdee, Published on 27/05/2024
» The Finance Ministry wants to review its shareholdings in stocks, aiming to adjust its asset portfolio and sell some shares to build up state coffers.
Tax refunds delayed by surge in fake submissions
Business, Wichit Chantanusornsiri, Published on 27/05/2024
» The delay in personal income tax refunds this year is partly related to stricter document verification, as more fake documents were submitted to claim refunds, according to the Revenue Department.