Showing 1 - 10 of 315
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.
Preparing for the golden years
Business, Wichit Chantanusornsiri, Published on 13/04/2024
» The government’s ability to successfully push through the draft National Elderly and Basic Pension Act to garner a first reading — the first stage of a bill’s passage — or acceptance of the principle of the bill from the House of Representatives is considered a crucial cornerstone for building a support system for Thailand’s elderly population.
IBank finally flourishes
Business, Wichit Chantanusornsiri, Published on 02/03/2024
» Over the past two decades, the Islamic Bank of Thailand (IBank) has faced numerous challenges in becoming the sole financial institution in the country to provide sharia-compliant financial services in accordance with Islamic principles, says president Thaweelap Rittapirom.
Ministry to pilot utility bill data sandbox
Business, Wichit Chantanusornsiri, Published on 24/01/2023
» The Finance Ministry will test in a sandbox the use of utility bill data by small and medium-sized enterprises (SMEs) to support their applications for new loans from state-owned financial institutions, said Chuenchob Kongudom, vice-minister to the Prime Minister.
Bridging the gap
Business, Wichit Chantanusornsiri, Published on 26/09/2022
» Cross-border trade between Thailand and neighbouring countries is thriving, thanks in part to expanded infrastructure connectivity.
New VAT mulled that targets luxury goods
Business, Wichit Chantanusornsiri, Published on 26/09/2022
» The Finance Ministry is considering the introduction of a two-tier value-added tax (VAT) rate that could generate additional revenue of more than 100 billion baht, says a ministry source who requested anonymity.
New finance minister ready to seek remedies
Business, Wichit Chantanusornsiri, Published on 13/08/2020
» Newly appointed Finance Minister Predee Daochai is set to meet with the ministry's officials this week to discuss the economy and upcoming remedy measures.
FPO makes dismal GDP prediction
Business, Wichit Chantanusornsiri, Published on 31/07/2020
» The economy is forecast to shrink by 8.5% this year as the pandemic dampens exports and foreign tourist arrivals, says the Fiscal Policy Office (FPO).
Source: Rice pledging debt halved
Business, Wichit Chantanusornsiri, Published on 29/07/2020
» The debt burden from the rice pledging scheme during Yingluck Shinawatra's government has declined by more than half, says the Public Debt Management Office (PDMO).
B150bn from future budgets may be used
Business, Wichit Chantanusornsiri, Published on 25/05/2020
» The government is set to reallocate 150 billion baht from the 2020 and 2021 fiscal budgets if additional funds for economic and social restoration are needed to blunt the fallout from the pandemic, says the Budget Bureau.