Showing 1 - 10 of 68
Developing a strategy resilient to risk
Business, Wichit Chantanusornsiri, Published on 15/06/2024
» The original description of an economic cycle estimated it lasted for roughly a decade and included one crisis per cycle. Given recent severe global volatility, this definition no longer holds true.
IBank posts huge profit gain for 2023
Business, Wichit Chantanusornsiri, Published on 11/06/2024
» The Islamic Bank of Thailand (IBank) reported a 1,553% increase in net profit last year compared with 2022.
New pension lottery intends to assist informal workers
Business, Wichit Chantanusornsiri, Published on 07/06/2024
» The Finance Ministry plans to introduce a pension lottery to promote retirement savings.
Trade upgrade
Business, Wichit Chantanusornsiri, Published on 03/06/2024
» Technological change, once a gentle breeze, is now sweeping through with much greater force, raising concerns about whether these advancements will disrupt Thailand's export sector, which accounted for 54.5% of GDP last year, excluding services.
Minister unveils effort to shrink credit blacklist
Business, Wichit Chantanusornsiri, Published on 30/05/2024
» Finance Minister Pichai Chunhavajira has pitched shortening the duration for bad debtors to remain on the National Credit Bureau's blacklist, allowing them to access new borrowing opportunities sooner.
B50bn in credit guarantees for SMEs
Business, Wichit Chantanusornsiri, Published on 29/05/2024
» The Finance Ministry is preparing a credit guarantee fund worth 50 billion baht to help small and medium-sized enterprises (SMEs) access credit.
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.
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.
FPO urges beefing up service sector
Business, Wichit Chantanusornsiri, Published on 23/05/2024
» Thailand needs to increase revenue from the service sector to bolster economic growth, according to an economist.
Draft law aims to curtail profit shifting
Business, Wichit Chantanusornsiri, Published on 20/05/2024
» The Revenue Department expects draft legislation to collect taxes from multinational enterprises (MNEs) to prevent the shifting of profit to subsidiaries located in countries with a lower tax base to be implemented in 2025, which estimates suggest will boost tax revenue by 12 billion baht per year.