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Search Result for “pichai”

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GENERAL

Thailand wants fair trading relationship with US

Reuters, Published on 20/05/2025

» The Thai government is committed to creating a fair relationship in trade and investment with the United States, Finance Minister Pichai Chunhavajira said on Tuesday as the Southeast Asian nation seeks talks with Washington to head off threatened tariffs.

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GENERAL

Digital handout on hold

Wichit Chantanusornsiri, Published on 20/05/2025

» The government has postponed the third phase of the 10,000-baht handout programme to instead spend the funds on solving structural issues and investing in infrastructure projects, insisting the project is not scrapped but only delayed.

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GENERAL

Trade talk and domestic politics drive sentiment

Business, Published on 20/05/2025

» Thai shares rebounded in line with global bourses last week, shortly before falling back closer to 1,200 points. Early in the week, the market was driven by euphoria over the prospects for a US-China trade deal. Washington cut tariffs on Chinese goods to 30% while China trimmed its rates to 10% for 90 days.

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GENERAL

Thailand delays cash handout to boost infrastructure amid growth concerns

Reuters, Published on 19/05/2025

» Thailand will delay its direct cash handout scheme and use its remaining budget of 157 billion baht to invest in water management, transport, logistics and soft loans for small businesses instead, Finance Minister Pichai Chunhavajira said on Monday.

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INVESTMENT

Thailand unveils measures to shield firms from trade war fallout

Published on 19/05/2025

» Thailand will offer bigger tax incentives to small and medium businesses at risk of being squeezed by US tariff threats, as the Southeast Asian nation unveiled a raft of measures to minimise the blow to its economy from the trade war.

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GENERAL

Thailand to amend tax on foreign income remittance

Business, Wichit Chantanusornsiri, Published on 19/05/2025

» The Revenue Department is preparing to draft legislation to amend the collection of tax on foreign income remitted to Thailand.

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GENERAL

Asean ministers call for unity in face of Trump's tariffs

Published on 18/05/2025

» Participants of the Asean Ministerial Caucus, which was held on the sidelines of the 2025 Apec Ministers Responsible for Trade (MRT) Meeting in South Korea, called on the bloc to remain united in the face of global economic volatility, according to Commerce Minister Pichai Naripthaphan.

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INVESTMENT

SET has stabilised, says Pichai

Wichit Chantanusornsiri, Published on 18/05/2025

» The Thai stock market has now stabilised and there is no need for additional measures to stimulate it, Finance Minister Pichai Chunhavajira said.

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GENERAL

Would more debt fix the economy?

Business, Wichit Chantanusornsiri, Published on 17/05/2025

» A total of seven emergency loan decrees were issued from 1998 to 2021, authorising combined borrowings of 3.83 trillion baht to address various economic crises, including the Asian financial crisis and the Covid-19 pandemic.

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GENERAL

Asian markets cool after rally fed by trade truce

Business, Published on 17/05/2025

» RECAP: Asian markets limped into the weekend as investors consolidated gains after a week-long rally spurred by a truce in the China-US trade war.