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Search Result for “FINANCE”

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GENERAL

Ministry eyes ongoing use of Oil Fuel Fund

Business, Phusadee Arunmas, Published on 24/04/2024

» The Finance Ministry has recommended using the Oil Fuel Fund to sustain the subsidy for retail diesel prices, noting the fund has sufficient capacity to support the government's diesel subsidy programme.

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THAILAND

Counsel sought on Bank for Agriculture and Agricultural Cooperatives loan

News, Phusadee Arunmas, Published on 24/04/2024

» The government has agreed to ask the Council of State, its legal arm, to interpret whether the Bank for Agriculture and Agricultural Cooperatives (BAAC) can legitimately allow the government to borrow 172.3 billion baht to finance its digital wallet handout scheme partially.

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GENERAL

Agencies join forces to digitise government

Business, Phusadee Arunmas, Published on 24/04/2024

» The Thai Chamber of Commerce is working with the Office of the Public Sector Development Commission (OPDC) and the Business Development Department to link corporate information electronically, facilitating paperless procedures and generating cost savings for residents and entrepreneurs of up to 7 billion baht per year.

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GENERAL

All imported goods now face VAT

Business, Phusadee Arunmas, Published on 03/04/2024

» Following a mandate from Prime Minister Srettha Thavisin, the government looks set to impose a 7% value-added tax (VAT) on imported goods valued from one baht up, commencing in May.

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THAILAND

Handout cash not on agenda yet, says PM

News, Phusadee Arunmas, Published on 03/04/2024

» The cabinet's weekly meeting on Tuesday did not touch on a new source of money to finance the digital wallet scheme which may involve tapping into next fiscal year's budget.

GENERAL

Trade pact with Sri Lanka

Business, Phusadee Arunmas, Published on 30/03/2024

» The Thai-Sri Lankan free trade agreement (FTA) was approved by the Thai parliament yesterday and now awaits ratification by both sides.

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INVESTMENT

PM's roadshows likely to draw B558bn

Phusadee Arunmas, Published on 27/03/2024

» Prime Minister Srettha Thavisin's recent roadshows to 14 countries to promote investment in Thailand are expected to draw an influx of at least 558 billion baht, according to the Board of Investment (BoI).

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GENERAL

Consumer confidence still rising

Business, Phusadee Arunmas, Published on 08/03/2024

» Thai consumer confidence rose in February, reaching its highest level in 48 months as government stimulus measures and a rebound in tourism revitalised economic activities, according to a survey released yesterday.

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GENERAL

Srettha eyes major investment increase

Phusadee Arunmas, Published on 29/02/2024

» The Pheu Thai-led government has pledged to attract the most investment in 20 years to compensate for “lost decades” in the logistics sector, aiming to make Thailand a regional hub by 2030.

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GENERAL

Thai commerce chief working to pump up shipments

Business, Phusadee Arunmas, Published on 23/02/2024

» Commerce Minister Phumtham Wechayachai has pledged to expedite efforts to stimulate exports, scheduling a visit to Henan province to meet with Chinese executives today and discussing free trade agreement (FTA) negotiations with the United Arab Emirates (UAE) next week.