Showing 1 - 10 of 23
Minister seeks to escalate collaboration with China
Business, Wichit Chantanusornsiri, Published on 11/09/2024
» Thailand needs to ramp up collaboration with China to become a gateway for Chinese exports via the proposed land bridge project, says Finance Minister Pichai Chunhavajira.
Seeking new engines of growth
Wichit Chantanusornsiri, Published on 22/07/2024
» About 40 years ago, natural gas was discovered in the Gulf of Thailand, creating excitement across the country. This period marked the dawn of Thailand's golden era. Following this discovery, the Eastern Seaboard Development Project was initiated to develop the eastern coastal region. Foreign investment poured in, enabling the economy to expand at a double-digit rate while raising hopes that Thailand would become Asia's fifth tiger.
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.
Reduced property fees extended
Business, Wichit Chantanusornsiri, Published on 27/12/2023
» The cabinet approved extending the reduced ownership transfer and mortgage fees for another year, which is expected to increase GDP by an additional 0.5%, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.
Ethanol tax incentives mulled
Business, Wichit Chantanusornsiri, Published on 20/03/2023
» The Finance Ministry stands ready to use tax measures to support the use of ethanol to produce bio-ethylene, a major feedstock used for making bio-based polyethylene, says a ministry source who requested anonymity.
Fiscal status unfazed by continued tax discount
Business, Wichit Chantanusornsiri, Published on 18/01/2023
» The Finance Ministry is confident the cabinet's decision to extend the diesel excise tax cut by another four months will not affect the country's fiscal status as net revenue collection for fiscal 2023 is expected to exceed the target, says Deputy Finance Minister Santi Promphat.
Cost to build homes up 5.3%
Business, Wichit Chantanusornsiri, Published on 21/04/2022
» The average cost of constructing a home rose 5.3% year-on-year in the first quarter of 2022 as a result of the Russia-Ukraine war, according to Vichai Viratkapan, acting executive director of Real Estate Information Center.
Arkhom asks GH Bank to keep rates stable
Business, Wichit Chantanusornsiri, Published on 01/04/2022
» Finance Minister Arkhom Termpittayapaisith has asked Government Housing Bank (GH Bank) to maintain its current mortgage interest rates this year as borrowers struggle with living costs.
Savvy excise tax hike going up in smoke
News, Wichit Chantanusornsiri, Published on 06/09/2018
» I have a strong reason to oppose the recent decision by the Finance Ministry to delay an increase in excise tax on cigarettes for another two years, from next year to October 2021. The delay doesn't spell good news for the state coffers, which is one consideration. Another concern is that it would deal a harsh blow to the state's efforts to discourage young smokers.
FPO: Recovery trickles down to grassroots
Business, Wichit Chantanusornsiri, Published on 29/06/2018
» Real farm income surged to a 13-month high in May, suggesting the economic recovery is finally reaching farmers and low-income earners, says a senior official at the Fiscal Policy Office (FPO).