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BUSINESS

B1 trillion to beat Omicron

News, Wichit Chantanusornsiri, Published on 03/12/2021

» The government will inject around one trillion baht into the economy next year to cushion against any volatility that may be caused by the Omicron variant of Covid-19, Finance Minister Arkhom Termpittayapaisith said on Thursday.

BUSINESS

Ministry ready to allot more funds if required

Business, Wichit Chantanusornsiri, Published on 30/11/2021

» The Finance Ministry stands ready to inject additional money to revive the economy if the Omicron coronavirus variant hits the country, said the Fiscal Policy Office (FPO) director-general Pornchai Thiraveja.

BUSINESS

FPO revises down growth to 1%

Business, Wichit Chantanusornsiri, Published on 29/10/2021

» The Fiscal Policy Office (FPO) has downgraded its forecast of Thai economic expansion this year to an average 1% from the previously predicted 1.3% mainly as a result of the resurgence of the Covid-19 pandemic in April, which severely impacted the country in the third quarter.

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BUSINESS

Office sees potential for 1.3% GDP growth in 2021

Business, Wichit Chantanusornsiri, Published on 18/10/2021

» Thailand could achieve 1.3% economic growth this year, as forecast by the Fiscal Policy Office (FPO), said Pisit Puapan, director of the Bureau of Macroeconomic Policy.

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BUSINESS

Jet fuel tax cut extended to year-end

Business, Wichit Chantanusornsiri, Published on 22/04/2021

» The government has agreed to extend excise tax reductions for jet fuel until the end of the year, a move to help mitigate the plight of airlines hard hit by Covid-19 outbreaks which have almost wiped out cross-border travel and tourism.

BUSINESS

GSB: 3% growth this year likely

Business, Wichit Chantanusornsiri, Published on 12/04/2021

» State-owned Government Savings Bank (GSB) forecasts the country's economic expansion may fare better than expected, driven by the reopening to foreign tourists.

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BUSINESS

Welfare card registration likely to reopen

Business, Wichit Chantanusornsiri, Published on 16/03/2021

» The Finance Ministry looks set to open a new round of state welfare card registration, expecting the number of eligible recipients will outnumber the previous round due to rising numbers of jobless workers.

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BUSINESS

Adviser predicts recession in 2020

Business, Wichit Chantanusornsiri, Published on 02/08/2018

» The global economy is likely headed for a recession in 2020 and the economic downturn will accelerate if the China-US trade squabble turns into a full-blown trade war, says Supavud Saicheua, an adviser to Kiatnakin Phatra Financial Group.

BUSINESS

Exim Bank closes after protesters block entrance

Business, Wichit Chantanusornsiri, Published on 18/01/2014

» The Export-Import Bank of Thailand (Exim Bank) is ready to resume operations once political tensions ease after its headquarters were abruptly closed yesterday by a group of anti-government protesters.