Showing 41 - 50 of 54
FPO floats new plan
News, Wichit Chantanusornsiri, Published on 10/03/2014
» The Finance Ministry's Fiscal Policy Office (FPO) is floating the idea of a negative income tax system as a better approach than populist policies to addressing poverty.
Rice pledging scheme at a crossroads
Business, Wichit Chantanusornsiri, Published on 23/12/2013
» The liquidity-crunched rice pledging scheme is approaching a critical juncture, as the caretaker government may need to put on hold any activity associated with it until the next government is formed.
BAAC liquidity 'enough for rice pledging'
Business, Wichit Chantanusornsiri, Published on 23/11/2013
» Farmers participating in the rice pledging scheme have been receiving payments from the government since Nov 14, and the liquidity of the Bank for Agriculture and Agricultural Cooperatives (BAAC) is sufficient to finance the main crop, says Deputy Finance Minister Tanusak Lek-uthai.
Sorry, no rice money today
Business, Wichit Chantanusornsiri, Published on 07/11/2013
» Rice farmers who pledged 1.2 million tonnes of rice under the government's scheme for the main crop starting from October face late payments as the government lacks funding, says the chief of a state-owned bank.
Kittiratt: Overseas bonds 20%
Business, Wichit Chantanusornsiri, Published on 05/11/2013
» The government plans to borrow up to 15-20% of the money in dollars required for its 2-trillion-baht worth of infrastructure projects, says Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong.
BAAC says borrowing likely to outstrip Finance guarantee
Business, Wichit Chantanusornsiri, Published on 08/10/2013
» The Bank for Agriculture and Agricultural Cooperatives (BAAC) will probably need to borrow money without the Finance Ministry's guarantee to fund the 270-billion-baht budget set for the state's rice-pledging scheme for the current harvest year, says a senior official at the bank.
Growing a better future
Wichit Chantanusornsiri, Published on 09/09/2013
» For all of Thailand's economic progress in recent history, millions across the country continue to face a daily struggle for survival, either as day labourers or subsidence farmers. Despite the tens of billions of baht spent each year on anti-poverty programmes, there are few easy, quick fixes to the problems of perpetual debt.
Scheme's next loss could reach B100bn
Business, Wichit Chantanusornsiri, Published on 20/08/2013
» The Finance Ministry has set the loss to be incurred from the rice pledging scheme during the next harvest year in a range of 70-100 billion baht, says the Bank for Agriculture and Agricultural Cooperatives (BAAC).
Rice stockpile size still secret
Business, Wichit Chantanusornsiri, Published on 13/08/2013
» The amount of rice in state stockpiles under the government's rice pledging scheme remains a mystery, even after a sweeping inspection was done on more than 2,000 warehouses nationwide on June 27, says a source at the Finance Ministry.
Govt faces shortfall for funding next rice harvests
Business, Wichit Chantanusornsiri, Published on 01/06/2013
» The government has already spent about 660 billion baht on its initial rice pledging scheme, raising the possibility it will not have enough money to finance the next harvest seasons without increasing its 500-billion-baht revolving fund.