Showing 1 - 10 of 34
Small firms feel the pinch amid an array of challenges
Business, Wichit Chantanusornsiri, Published on 31/08/2024
» Thai small and medium-sized enterprises (SMEs) remain trapped in a cycle of rising costs, declining revenues and weakening consumer purchasing power.
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.
‘No reason’ to resist rate cut, says finance official
Wichit Chantanusornsiri, Published on 22/03/2024
» The Bank of Thailand no longer has any reason to refrain from reducing its policy interest rate, says a senior official of the Ministry of Finance.
Office says Thailand's fiscal position can withstand shocks
Business, Wichit Chantanusornsiri, Published on 28/12/2023
» The government can still depend on a sound fiscal position to cushion economic shocks, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.
The untouchable tax
Business, Wichit Chantanusornsiri, Published on 04/09/2023
» Since the introduction of value-added tax (VAT) in Thailand in 1992, no government has dared to increase the rate because of concerns regarding the economic impact, the greater burden in terms of living expenses, and most importantly how politically unpopular such a move would appear.
Government nudged to correct revenue-to-GDP proportion
Business, Wichit Chantanusornsiri, Published on 15/06/2023
» The government is advised to seek methods to increase its revenue-to-GDP ratio following a continuous decline, while remaining prudent in incurring higher levels of debt, says a Finance Ministry source who requested anonymity.
Borrowing of B900bn allotted for infrastructure
Business, Wichit Chantanusornsiri, Published on 25/10/2022
» The Public Debt Management Office (PDMO) plans to borrow almost 900 billion baht for the development of new infrastructure in 2023-2027, says director-general Patricia Mongkhonvanit.
Debt office unfazed by loan interest payments
Business, Wichit Chantanusornsiri, Published on 20/04/2022
» The country's burden in terms of loan interest payments over the next five years will not exceed the international standard level, says Patricia Mongkhonvanit, director-general of the Public Debt Management Office (PDMO).
FPO predicts minimum growth of 3%
Business, Wichit Chantanusornsiri, Published on 13/04/2022
» Fiscal Policy Office (FPO) director-general Pornchai Thiraveja believes the Thai economy will grow by a minimum of 3% this year despite soaring domestic energy and product prices caused by the Russia-Ukraine war.
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.