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MPs cause of pension bloat
Oped, Editorial, Published on 08/06/2022
» Opposition Move Forward Party leader Pita Limjaroenrat last week slammed the government for allocating 300 billion baht — the greatest single expense — of the 2023 budget bill to pension payments for retired civil servants. He said 40% of all state borrowing and taxes collected will be used to fund the ballooning pensions payouts rather than development schemes and labelled the bill for the forthcoming fiscal year the “ill elephant” budget.
Public split on pension payout
News, Penchan Charoensuthipan, Published on 17/05/2022
» The cabinet's decision to approve a Labour Ministry amendment on May 10, which would allow subscribers of the Social Security Fund (SSF) to get a partial advance on their pension and use their pension as collateral for loans, has been met with both cheers and concern.
Hands off SSF coffers
Oped, Editorial, Published on 13/05/2022
» The government's attempt to revise a law to let subscribers withdraw part of their pension before they turn 55 does not bode well for the sustainability of the Social Security Fund -- the country's largest welfare scheme.
Cabinet frets over early pension plan
News, Penchan Charoensuthipan, Published on 11/05/2022
» Cabinet ministers voiced their concerns that a legal amendment being pursued could destabilise the Social Security Fund (SSF).
Ministry delineates plan to fine-tune NSF
Business, Wichit Chantanusornsiri, Published on 25/04/2022
» The Finance Ministry aims to raise the monthly pension payment for freelancers who are members of the National Savings Fund (NSF) to 10,000 baht to encourage them to become fund members, says minister Arkhom Termpittayapaisith.
War in Ukraine Deepens Debt Woes Across Developing World
Business, Published on 19/04/2022
» The war in Ukraine is making it tougher for many emerging-market governments to make debt payments to foreign creditors, fueling concerns of potential crises that could shake markets and weaken the global economic recovery.
Feathering the nest egg
Business, Wichit Chantanusornsiri, Published on 14/03/2022
» The Fiscal Policy Office (FPO) will continue to push for a national pension fund law to ensure employees in the formal system have sufficient savings for retirement, says director-general Pornchai Thiraveja.
Drowning in plastic
Oped, Postbag, Published on 08/03/2022
» Re: "Time to tackle plastic", (Editorial, March 2).
Aged society needs new provident fund
Oped, Published on 02/03/2022
» The year 2022 comes with a few challenges for Thailand that require due preparations. First among them are the economic disadvantages of the elderly which are set to grow more serious.
Rise of the grey market
Business, Published on 21/02/2022
» Thailand is expected to become an "aged" society this year or next, with people aged 60 and over set to account for 20% of the population.