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BUSINESS

Forecast suggests EV tax changes will be gradual

Business, Wichit Chantanusornsiri, Published on 08/11/2021

» The Finance Ministry will maintain a balance between supporting existing manufacturers of internal combustion engine-powered cars and promoting electric vehicles (EVs) in its restructuring of the overall vehicle excise tax system, said a ministry source who requested anonymity.

BUSINESS

BAAC hopes demand for loans recovers

Business, Wichit Chantanusornsiri, Published on 02/11/2021

» The Bank for Agriculture and Agricultural Cooperatives (BAAC) hopes that demand for its loans will pick up in the second half of its accounting year after the country's reopening on Nov 1, said president Tanaratt Ngamvalairatt.

BUSINESS

Finance Ministry mulls Q4 stimulus spending spree

Business, Wichit Chantanusornsiri, Published on 01/10/2021

» The Finance Ministry might pump fresh money into the economy in the fourth quarter and extend stimulus measures in an effort to revive the nation, says Finance Minister Arkhom Termpittayapaisith.

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BUSINESS

Debt ceiling could be raised to 70% soon

Business, Wichit Chantanusornsiri, Published on 20/09/2021

» The Finance Ministry may propose on Monday raising the ceiling of the public debt-to-GDP ratio to 70% from 60%, says a ministry source who requested anonymity. The proposal is to a committee overseeing fiscal discipline.

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BUSINESS

Audit Office begins digital overhaul

Business, Wichit Chantanusornsiri, Published on 15/09/2021

» The State Audit Office (SAO), which was founded more than a century ago, has embraced the digital revolution by using advanced technology such as artificial intelligence (AI) for its auditing tasks.

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BUSINESS

New land appraisals likely postponed

Business, Wichit Chantanusornsiri, Published on 30/08/2021

» The Treasury Department is expected to ask the land appraisal committee to postpone the adoption of new appraisal prices by another year.

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BUSINESS

Planting the seeds for smart farming

Business, Wichit Chantanusornsiri, Published on 21/08/2021

» The Bank for Agriculture and Agricultural Cooperatives (BAAC) wants to develop and nurture smart farmers who use innovation to increase production and farming efficiency.

BUSINESS

Surge of new income tax payers

Business, Wichit Chantanusornsiri, Published on 05/08/2021

» A surge of hundreds of thousands of new income tax payers has been trumpeted by the Revenue Department as a sign of its successful strategy to expand its revenue base.

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BUSINESS

Treasury takes another swing at golf course bids

Business, Wichit Chantanusornsiri, Published on 15/07/2021

» The Treasury Department is renewing the invitation process today for interested companies to again bid to renovate and manage Bangpra International Golf Club in Chon Buri province in eastern Thailand.

BUSINESS

Revenue warns of deadline

Business, Wichit Chantanusornsiri, Published on 25/06/2021

» More than 1 million taxpayers who have yet to submit personal income tax forms for 2020 face a deadline of June 30 to file or they face a fine, says Revenue Department director-general Ekniti Nitithanprapas.