Showing 11 - 20 of 116
Global economy to grow by 3.2% amid downturn
News, Wichit Chantanusornsiri, Published on 21/10/2022
» The global economy is growing at 3.2% this year, a substantial drop from 6% last year, with an even gloomier outlook for next year, according to Finance Minister Arkhom Termpittayapaisith after the Apec Finance Ministers' Meeting on Thursday.
Ministry eyes steps to spur spending
Business, Wichit Chantanusornsiri, Published on 18/10/2022
» The Finance Ministry is considering new measures to encourage spending in a bid to maintain the Thai economic recovery, according to Pornchai Thiraveja, director-general of the Fiscal Policy Office (FPO).
Arkhom plays down possibility of a slump
Business, Wichit Chantanusornsiri, Published on 11/10/2022
» The Thai economic recovery is not expected to be greatly affected if the world goes into recession next year, says Finance Minister Arkhom Termpittayapaisith.
Exim Bank chief offers advice to exporters
Business, Wichit Chantanusornsiri, Published on 07/10/2022
» The depreciation of the baht will not continue to benefit local exporters in the long term because of the currency's volatility, according to Export-Import Bank of Thailand (Exim Bank) president Rak Vorrakitpokatorn.
GIF mulls borrowing from fund to improve liquidity
Business, Wichit Chantanusornsiri, Published on 20/09/2022
» The General Insurance Fund (GIF) has considered borrowing from the Office of the Insurance Commission (OIC) fund to ensure it has sufficient liquidity to pay insurance claims to Covid-19 policyholders of the four shuttered non-life insurance companies.
Thai growth downgraded by Citibank
Business, Wichit Chantanusornsiri, Published on 10/08/2022
» Citibank has downgraded its 2022 forecast for Thai economic growth to 3.5%, from 3.6%, with next year's GDP predicted to expand by 4.5%, a fall from 4.8%.
Apec to focus on loans for SMEs
Business, Wichit Chantanusornsiri, Published on 18/06/2022
» The Asia-Pacific Economic Cooperation (Apec) finance ministers' meeting will focus on giving small and medium-sized enterprises (SMEs) better access to loans via digital channels, says Fiscal Policy Office director-general Pornchai Thiraveja.
GIF rejigs borrowing rules for major liquidity boost
Business, Wichit Chantanusornsiri, Published on 19/05/2022
» The General Insurance Fund (GIF) has revised regulations to allow it to borrow more to increase liquidity in case the Office of the Insurance Commission (OIC) shuts down more insurance companies in the future, says permanent finance secretary Krisada Chinavicharana.
GIF seeking loan to handle claims
Business, Wichit Chantanusornsiri, Published on 05/04/2022
» The General Insurance Fund (GIF) is seeking a loan from Government Savings Bank in order to pay Covid-19 claims to policyholders of shuttered non-life insurance companies, says a source at the Finance Ministry who requested anonymity.
Apec session to focus on carbon credits, tax
Business, Wichit Chantanusornsiri, Published on 21/01/2022
» The carbon tax and carbon credit markets will be major topics of discussion at the finance ministers' meeting at the Asia-Pacific Economic Cooperation (Apec) summit in Thailand this year, says Fiscal Policy Office adviser Warotai Kosolpisitkul.