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BUSINESS

FPO maintains 2022 growth forecast at 3.5%

Business, Wichit Chantanusornsiri, Published on 27/07/2022

» The Fiscal Policy Office (FPO) has kept its forecast for economic growth this year at an average of 3.5%, underpinned by a recovery in both the tourism sector and domestic consumption, according to the office's director-general Pornchai Thiraveja.

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NEWS

EV excise tax cut begins June 9

Business, Wichit Chantanusornsiri, Published on 08/06/2022

» The law governing the reduction of the electric vehicle (EV) excise tax from 8% to 2% will take effect on June 9, according to the Excise Department.

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BUSINESS

Exim Bank allots B5bn for SME loans

Business, Wichit Chantanusornsiri, Published on 07/06/2022

» Export-Import Bank of Thailand (Exim Bank) has set aside 5 billion baht for soft loans to help small and medium-sized enterprises (SMEs) export their products, says Finance Minister Arkhom Termpittayapaisith.

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BUSINESS

Oil Fuel Fund asks for liquidity boost

Business, Wichit Chantanusornsiri, Published on 28/05/2022

» The Oil Fuel Fund Office is asking the government to inject money into the fund from its central budget to increase its liquidity as it continues to subsidise the price of diesel, says office director Wisak Watanasap.

BUSINESS

BAAC allocates B5bn in loans for fruit exporters

Business, Wichit Chantanusornsiri, Published on 05/05/2022

» The Bank for Agriculture and Agricultural Cooperatives (BAAC) has set aside loans worth 5 billion baht for fruit exporters to deal with slowing shipments to some markets, said executive vice-president Pongphun Jongrak.

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BUSINESS

BAAC to help farmers hurt by rising price of fertiliser

Business, Wichit Chantanusornsiri, Published on 11/04/2022

» The Bank for Agriculture and Agricultural Cooperatives (BAAC) has mulled two options to ease the burden on farmers caused by rising chemical fertiliser prices, says bank president Tanaratt Ngamvalairatt.

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BUSINESS

Moody's affirms 'resilient' economy

Business, Wichit Chantanusornsiri, Published on 09/04/2022

» Moody's Investors Service has affirmed Thailand's credit rating and maintained its outlook at stable, says Patricia Mongkhonvanit, director-general of the Public Debt Management Office.

BUSINESS

Arkhom eyes 10% export growth in 2022

Business, Wichit Chantanusornsiri, Published on 31/03/2022

» Despite soaring oil prices and rising production costs driven by the Russia-Ukraine war, Finance Minister Arkhom Termpittayapaisith still hopes to see the Thai export sector expand by 10% this year.

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BUSINESS

Price of BEVs entitled to perks to be slashed

Business, Wichit Chantanusornsiri, Published on 22/03/2022

» The price of battery electric vehicles (BEVs) entitled to the state's subsidy and tax incentives will be reduced by at least 150,000-200,000 baht per car, said the Excise Department's director-general Lavaron Sangsnit.

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BUSINESS

Reform of EV duties urged

Business, Wichit Chantanusornsiri, Published on 14/02/2022

» The Finance Ministry plans to propose to the cabinet a reduction of the import duty for electric vehicles (EVs) to 40%, 20% and zero percent, each depending on the engine size, says Deputy Finance Minister Santi Promphat.