Showing 1 - 10 of 9,448
Japan has spent $62bn defending yen
Published on 31/05/2024
» Japan spent a record ¥9.8 trillion ($62.2 billion) in the past month to prop up the yen after it fell to a 34-year low against the US dollar, surpassing the amount it used in 2022 to defend the currency.
GSB and BAM Form 1 Billion Baht Debt Relief Venture
Published on 31/05/2024
» Government Savings Bank (GSB) has partnered with Bangkok Commercial Asset Management (BAM) to establish a joint venture, ARI Asset Management Co., Ltd. (ARI-AMC), with a capital investment of 1 billion baht. ARI-AMC will purchase and transfer non-performing loans (NPLs) from GSB over the course of three quarters in the fiscal year 2024, providing assistance to over 500,000 accounts of small and medium-sized enterprise (SME) debtors and credit card debtors.
SCB CIO sees LTF benefits as steadying market influence
Business, Nareerat Wiriyapong, Published on 31/05/2024
» SCB Chief Investment Office (CIO) believes reinstating long-term equity funds (LTFs) to promote long-term savings would help reduce volatility from short selling and curb capital outflow, bringing in net inflow of 40-50 billion baht to the Thai stock market.
Officer guilty of embezzling bail money
News, Published on 31/05/2024
» A police captain was sentenced to 50 years in prison yesterday for embezzling money placed with a police station as bail surety on several occasions, according to the Central Criminal Court for Corruption and Misconduct Cases.
The lasting legacy of Abenomics
Oped, Koichi Hamada, Published on 31/05/2024
» After the 1985 Plaza Accord pushed the yen's exchange rate sharply upwards, Japan's economy suffered a severe slowdown that proved mightily difficult to reverse. In fact, the only prime minister to oversee a period of consistent growth and high employment in the past three decades was Shinzo Abe, during his second term, which began in 2012.
More tax incentives for green investment planned
Mongkol Bangprapa, Published on 30/05/2024
» The government is preparing a number of tax incentives to promote a low-carbon economy and encourage investment in environmentally friendly businesses, Finance Minister Pichai Chunhavajira says.
Policewoman who embezzled bail funds gets 125 years
Post Reporters, Published on 30/05/2024
» A policewoman from a Bangkok station was sentenced on Thursday to 125 years in jail for embezzling suspects’ bail worth a total of 720,000 baht.
Finance Ministry to propose tax on cheap imports to cabinet
Reuters, Published on 30/05/2024
» The Ministry of Finance's plan to collect a 7% value-added tax (VAT) on imported goods sold for less than 1,500 baht (US$40.6) is expected to be submitted for cabinet approval next week, Deputy Finance Minister Julapun Amornvivat said on Thursday.
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.
Maris plans diplomatic visit to Cambodia
News, Mongkol Bangprapa, Published on 30/05/2024
» Foreign Affairs Minister Maris Sangiampongsa plans to visit Cambodia to negotiate an overlapping claims area (OCA) in Koh Kood, the border province of Trat.