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BUSINESS

VAT frozen at 7%, rehabilitation plan approved

Online Reporters, Published on 07/08/2012

» The cabinet decided on Tuesday to keep value-added-tax (VAT)at seven per cent for the next two years, deferring the Finance Ministry's proposed hike to nine per cent, and approved a four-point rehabilitation plan proposed by the National Economic and Social Development Board.

BUSINESS

Euro crisis impact on GDP 0.5-1%

Online Reporters, Published on 17/07/2012

» In the worst case scenario, the impact of the eurozone debt crisis would trim Thailand's economic growth by between 0.5 and 1.0 per cent, Fiscal Policy Office director general Somchai Sujjapongse said on Tuesday.

BUSINESS

Court outcome lifts SET

Online Reporters, Published on 13/07/2012

» Thai stocks ended the week on a strong note as investors expressed satisfaction with the ruling by the Constitution Court in an anxiously watched case.

BUSINESS

BoT lowers inflation target to 3.3%

Online Reporters, Published on 03/07/2012

» The Bank of Thailand (BoT) has lowered its general inflation rate projection for 2012 from 3.5 per cent to 3.3 per cent, because inflation was moving downward in line with the global economic slowdown, BoT governor Prasarn Trairatvorakul said on Tuesday.

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BUSINESS

Kittiratt: Selling shares not urgent

Online Reporters, Published on 23/01/2012

» The government will not rush to sell some of its shares in PTT Plc and Thai Airways International this year or next until the public has a full understanding of the issue, new Finance Minister Kittiratt Na-Ranong said on Monday.