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GENERAL

Cabinet allocates B29.9bn for fertiliser scheme

Business, Wichit Chantanusornsiri, Published on 26/06/2024

» The cabinet has approved a central budget of nearly 30 billion baht to assist farmers with fertiliser costs, which is expected to increase rice production by 10% in this harvest season.

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INVESTMENT

Office targets B20bn in sustainable bond sales

Wichit Chantanusornsiri, Published on 24/06/2024

» The Public Debt Management Office (PDMO) is preparing to sell 20 billion baht worth of sustainable bonds to institutional investors this year.

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GENERAL

Cheap imports levied VAT from July

Business, Wichit Chantanusornsiri, Published on 22/06/2024

» The Royal Gazette has announced the Finance Ministry will begin collecting value-added tax (VAT) on all imported goods, including those priced below 1,500 baht, effective from July 5.

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GENERAL

K-Research: Restructuring of industrial sector required

Business, Wichit Chantanusornsiri, Published on 21/06/2024

» Kasikorn Research Center (K-Research) predicts Thailand's Manufacturing Production Index (MPI) will contract by 2% this year, marking the second consecutive year of decline.

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GENERAL

State revenue tally slightly off target

Business, Wichit Chantanusornsiri, Published on 21/06/2024

» The government's net revenue collection for the first eight months of fiscal 2024 was 1.5% below its target.

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THAILAND

Special banknote for king's birthday

Wichit Chantanusornsiri, Published on 20/06/2024

» The Bank of Thailand (BoT) will issue 10 million commemorative banknotes for the auspicious occasion of His Majesty the King’s 72nd birthday on July 28.

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INVESTMENT

Shorter holding period for tax-deductible funds considered

Business, Wichit Chantanusornsiri, Published on 19/06/2024

» The Finance Ministry is considering measures to support the stock market, particularly shortening the holding period for tax-deductible stock mutual funds as an incentive for investors.

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THAILAND

Julapun questions phone inclusion

News, Wichit Chantanusornsiri, Published on 18/06/2024

» Deputy Finance Minister Julapun Amornvivat is urging the Commerce Ministry to reconsider its decision to allow recipients of the 10,000-baht payout through the digital wallet scheme to spend the money on mobile phones, saying the move won't benefit the domestic economy.

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GENERAL

Ministry aims to purge bad loans from bureau blacklist

Business, Wichit Chantanusornsiri, Published on 17/06/2024

» The Finance Ministry plans to hold talks with the Bank of Thailand and National Credit Bureau (NCB) about ways to reduce non-performing loans (NPLs) resulting from the impact of the pandemic, known as Code 21 debtors, in a bid to remove them from the bureau's blacklist sooner so they can access credit.

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GENERAL

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.