Showing 1 - 10 of 18
A lever to capture corporate tax scofflaws
Business, Wichit Chantanusornsiri, Published on 23/05/2024
» Global tax reform efforts, led by the Organisation for Economic Co-operation and Development (OECD), have been building momentum since 2021, reaching agreement on one of the two pillars of tax reform: the establishment of a global minimum tax.
Anti-graft body eyes digital handout plan
Wichit Chantanusornsiri, Published on 12/10/2023
» The government has reiterated its assurances that its 10,000-baht digital wallet handout will follow all relevant laws, adding that scrutiny of the programme is always welcome.
Political instability adds to viral woes
News, Wichit Chantanusornsiri, Published on 05/03/2020
» The economy weakened last year thanks to the Sino-US trade war. This year, its health could worsen further due to two emerging factors. One is the Covid-19 outbreak which has hit the country's tourism industry hard. Another is potential political turmoil signalled by a series of "flash mobs" of students which gathered after the Constitutional Court's ruling to dissolve the Future Forward Party (FFP). If the rallies continue unabated, this year's growth could be worse than analysts predict.
Good governance sorely lacking at state-run banks
News, Wichit Chantanusornsiri, Published on 25/07/2019
» During parliamentary debates on the Prayut Chan-o-cha government's policy statement, scheduled for tomorrow and Friday, the state-run Krung Thai Bank's (KTB) 9.9-billion-baht loan scandal will likely be taken up by the opposition targeting one cabinet member, Finance Minister and Palang Pracharath Party (PPRP) leader Uttama Savanayana. When the loan was approved in 2003, Mr Uttama was an executive board member of the bank.
Yingluck asset forfeiture begins
Wichit Chantanusornsiri, Published on 24/07/2017
» The Legal Execution Department will start seizing assets from Yingluck Shinawatra under the civil liabilities case after receiving the details of 12 of her bank accounts from the Finance Ministry.
Comptroller-General soothes jitters over budget
Business, Wichit Chantanusornsiri, Published on 05/04/2014
» The Comptroller-General's Department is rushing to soothe jitters, saying the country will not face budget woes even if approval of the fiscal-2015 budget is delayed amid the absence of a functioning government, as the Finance Ministry has more than 2 trillion baht for running the country.
Options to fund projects
Business, Wichit Chantanusornsiri, Published on 24/03/2014
» Financing for the 2-trillion-baht infrastructure investment programme should be done through the annual budget to reduce costs, says Suwit Rojanavanich, a public debt adviser to the Finance Ministry.
Back to square one
Business, Wichit Chantanusornsiri, Published on 15/03/2014
» So what now? The Constitution Court's ruling that the 2-trillion-baht infrastructure investment bill was in violation of the 2007 constitution has put the Pheu Thai-led government on its heels and delivered a fresh blow to efforts to jump-start the Thai economy.
Rice payments harry academics
Business, Wichit Chantanusornsiri, Published on 12/02/2014
» The Constitution Court should rule the caretaker government's borrowing to pay farmers who pledged their paddy ahead of parliament dissolution on Dec 9 is legitimate to end the payment deadlock, says an honorary economist at the Thailand Development Research Institute.
Borrowing options mulled
Business, Wichit Chantanusornsiri, Published on 16/12/2013
» The Finance Ministry plans to borrow under the Public Debt Management Act to kick-start infrastructure megaprojects if the 2-trillion-baht borrowing bill is derailed, says the Fiscal Policy Office (FPO).