Showing 1 - 10 of 15
Preparing for the golden years
Business, Wichit Chantanusornsiri, Published on 13/04/2024
» The government’s ability to successfully push through the draft National Elderly and Basic Pension Act to garner a first reading — the first stage of a bill’s passage — or acceptance of the principle of the bill from the House of Representatives is considered a crucial cornerstone for building a support system for Thailand’s elderly population.
Another payment stream for retirees
Business, Wichit Chantanusornsiri, Published on 30/10/2023
» The global population has increased rapidly in the last 30 years, while two-thirds of people older than age 60 are in developing countries, especially in Asia.
An ageing conundrum
Business, Wichit Chantanusornsiri, Published on 16/04/2021
» The Finance Ministry is growing concerned about slow economic growth prospects and higher inflationary pressure in the long term as Thailand transitions to an "aged" society.
Debt office touts Japanese rating as vindication
Business, Wichit Chantanusornsiri, Published on 12/03/2021
» Japan-based Rating and Investment Information Inc's (R&I) move to maintain Thailand's sovereign credit rating reflects confidence in the government's economic policies, says the Public Debt Management Office (PDMO).
PM: Trade in US dollars
Business, Wichit Chantanusornsiri, Published on 03/12/2019
» Prime Minister Prayut Chan-o-cha has called for the nation to spend in US dollar terms to increase capital outflows and weaken the baht.
High-income goal needs a reality check
News, Wichit Chantanusornsiri, Published on 31/10/2019
» Thailand "will become a high-income country by 2036", said Prime Minister Prayut Chan-o-cha, as he spoke of his "Vision 2036" at the 74th Session of the United Nations General Assembly in New York last month.
Welfare not a banquet, but a necessity
News, Wichit Chantanusornsiri, Published on 07/03/2019
» The ongoing election campaign is seeing all competing political parties make ambitious promises to turn Thailand into a welfare state to entice their prospective supporters.
Latest tax break covers B60k of prenatal care, childbirth costs
Business, Wichit Chantanusornsiri, Published on 17/10/2018
» The Revenue Department is letting individual taxpayers claim an income tax deduction for prenatal care and childbirth expenses of up to 60,000 baht per tax year, with retroactive effect from Jan 1 this year, according to a department announcement.
Act now on ageing society before it's too late
News, Wichit Chantanusornsiri, Published on 05/07/2018
» In the next three years, people aged over 60 in Thailand will account for 13.8 million, or 20% of the population. This means in a group of five, there will be one elderly person. In demographic science, a country where 20% of its people are aged 60 years old or higher is categorised as an ageing society.
Ageing society prompts ministry tax review
Business, Wichit Chantanusornsiri, Published on 29/03/2018
» The Finance Ministry is studying a revamp of the tax structure by raising the ratio of asset- and consumption-based taxes because income-based ones, which dominate revenue contributions, are expected to decline as Thailand becomes an aged society.