Showing 1 - 10 of 12
Officials ordered to draw up plans for economic stimulus
Business, Wichit Chantanusornsiri, Published on 01/06/2024
» Deputy Finance Minister Julapun Amornvivat has told three tax-related departments to devise stimulus measures to be presented to the economic cabinet within a week and a half.
Finding new levers for energy subsidies
Business, Wichit Chantanusornsiri, Published on 04/04/2024
» The expiry of the diesel price subsidy programme using the state Oil Fuel Fund on March 31 caused energy authorities to call on the government to change the way it regulates domestic diesel prices.
Loan guarantees spike in first half
Business, Wichit Chantanusornsiri, Published on 21/07/2023
» The state-owned Thai Credit Guarantee Corporation (TCG) yesterday announced its performance during the first six months of this year, with the agency guaranteeing loans for small and medium-sized enterprises (SMEs) worth 67.9 billion baht, representing 72% of its annual target.
Oil Fund borrowing bumps up public debt-to-GDP ratio
Business, Wichit Chantanusornsiri, Published on 12/01/2023
» Thailand's public debt-to-GDP ratio rose to 61.4% in fiscal 2023, above an earlier estimate of 60.4%, after the inclusion of the Finance Ministry's total guarantee for the Oil Fuel Fund's borrowings -- tallying 110 billion baht -- in the country's public debt management plan.
Ministry to vouch for fuel fund loans
Business, Wichit Chantanusornsiri, Published on 14/10/2022
» The Finance Ministry plans to provide loan guarantees worth up to 30 billion baht to the Oil Fuel Fund in the first phase of the fund's plan to bolster liquidity, says a ministry source who requested anonymity.
Institute to provide expertise to farmers
Business, Wichit Chantanusornsiri, Published on 09/06/2022
» The Bank for Agriculture and Agricultural Cooperatives (BAAC) and Thailand Institute of Scientific and Technological Research yesterday signed a memorandum of understanding (MoU) on academic and technology transfer cooperation.
Ministry not ruling out excise tax cut extension
Business, Wichit Chantanusornsiri, Published on 02/05/2022
» The Finance Ministry has not eliminated the possibility of extending the period set for the reduction of the diesel excise tax, says a ministry source who requested anonymity.
B2tn in SME loans risk turning sour
Business, Wichit Chantanusornsiri, Published on 17/09/2020
» Loans worth 2 trillion baht owed by 1.1 million SMEs that entered the debt moratorium programme could turn into bad debts after the programme's expiry at the end of September, says Thai Credit Guarantee Corporation (TCG).
Council raises issue of NPL surge at SFIs
Business, Wichit Chantanusornsiri, Published on 29/06/2020
» Chatchai Sirilai, chairman of the Government Financial Institutions Council, has flagged concerns about spikes in bad loans among specialised financial institutions (SFIs) after their debt relief measures expire, urging state lenders to start assessing their borrowers' repayment ability.
Renewal of LTF perks on the table
Business, Wichit Chantanusornsiri, Published on 17/06/2019
» The Fiscal Policy Office (FPO) may renew tax benefits for long-term equity fund (LTF) contributions, set to lapse at year-end, if the funds can be used to reduce income disparity and raise cash for big-ticket infrastructure investment.