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BUSINESS

Property tax rethink scheduled

Business, Wichit Chantanusornsiri, Published on 02/04/2015

» A controversial draft bill on the land and buildings tax will be reviewed and is expected to take four months to complete.

BUSINESS

SME Bank reserves enough

Business, Wichit Chantanusornsiri, Published on 14/11/2014

» The state-owned Small and Medium Enterprise Development Bank of Thailand (SME Bank) has adequate legal reserves to meet the criteria required by the Bank of Thailand, based on the bank's due diligence.

BUSINESS

Sommai upbeat on Thai rating

Business, Wichit Chantanusornsiri, Published on 14/10/2014

» The country's sovereign credit rating is likely to rise in 2015 if reforms proceed as planned, says Finance Minister Sommai Phasee.

BUSINESS

Ministry pins hopes on stimulus

Business, Wichit Chantanusornsiri, Published on 10/10/2014

» The Finance Ministry forecasts economic growth will come in at 1.7% this year but is pinning its hopes on stimulus measures bumping up the figure to 2%.

BUSINESS

Inheritance tax: Bid to ease jitters

Business, Wichit Chantanusornsiri, Published on 25/09/2014

» Finance permanent secretary Rungson Sriworasat yesterday sought to allay jitters over the inheritance and gift tax by saying 10% was the ceiling rate — and the actual rate was likely to be lower.

BUSINESS

Pros and cons of inheritance tax being considered

Business, Wichit Chantanusornsiri, Published on 07/08/2014

» The Revenue Department will list the pros and cons of adding three potential payers of inheritance tax for deliberation by the National Council for Peace and Order (NCPO).

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BUSINESS

Credit discomfort

Business, Wichit Chantanusornsiri, Published on 16/04/2014

» A downgrade of Thailand’s credit rating outlook to negative from stable by major rating agencies including Moody’s Investors Service and Standard & Poor’s (S&P) is likely if political uncertainty fails to end before their mid-year review, but the nation’s sovereign credit rating is expected to be unscathed.

BUSINESS

'Teflon' Thailand keeps ratings intact

Business, Wichit Chantanusornsiri, Published on 11/03/2014

» The Thai economy typically rapidly recovers from political unrest, dating back to the 1932 revolution. History is expected to repeat itself this time, meaning the country's credit ratings could again escape a downgrade, said a source at the Finance Ministry's Public Debt Management Office (PDMO).

BUSINESS

Economy in danger of stalling

Business, Wichit Chantanusornsiri, Published on 21/02/2014

» Credit rating agencies have voiced concerns that the political impasse could take a toll on investment if it continues, says a Finance Ministry source.

LIFE

The hole story

Wichit Chantanusornsiri, Published on 06/01/2014

» When our fathers and grandfathers were young, a single satang coin with a circular hole in the centre was enough to buy goods.