Showing 1 - 8 of 8
Import duties plunge thanks to strong baht
Business, Wichit Chantanusornsiri, Published on 20/02/2026
» The exchange rate, economic conditions and free-trade agreements (FTAs) have affected import duty revenue for the Customs Department, with collections 8% below target for the first three months of fiscal 2026.
Growth forecast revised down to 2.3%
Business, Wichit Chantanusornsiri, Published on 30/04/2021
» The Finance Ministry's Fiscal Policy Office (FPO) on Thursday slashed its economic growth forecast for the second time to 2.3% this year from its earlier prediction in January of 2.8% and 4.5% in Oct 2020, attributing largely to the battered tourism sector due to the Covid-19 pandemic.
GSB setting aside B10bn for repurchase loan market
Business, Wichit Chantanusornsiri, Published on 24/10/2020
» Government Savings Bank (GSB) is set to allocate 10 billion baht worth of capital to expand into the repurchase loan market to help small and medium-sized enterprises (SMEs) with liquidity shortages.
FPO makes dismal GDP prediction
Business, Wichit Chantanusornsiri, Published on 31/07/2020
» The economy is forecast to shrink by 8.5% this year as the pandemic dampens exports and foreign tourist arrivals, says the Fiscal Policy Office (FPO).
GSB profit poised to tumble by two-thirds
Business, Wichit Chantanusornsiri, Published on 12/06/2020
» State-owned Government Savings Bank (GSB) expects net profit this year to plunge by two-thirds from last year's 30 billion baht as bad loans continue to rise.
Savvy excise tax hike going up in smoke
News, Wichit Chantanusornsiri, Published on 06/09/2018
» I have a strong reason to oppose the recent decision by the Finance Ministry to delay an increase in excise tax on cigarettes for another two years, from next year to October 2021. The delay doesn't spell good news for the state coffers, which is one consideration. Another concern is that it would deal a harsh blow to the state's efforts to discourage young smokers.
Cigarette tax hike likely pushed to 2021
Business, Wichit Chantanusornsiri, Published on 28/08/2018
» The Finance Ministry has informally delayed doubling the excise tax on cigarettes to 40% for another two years to October 2021, claiming the higher levy will be a heavy blow to state-run Thailand Tobacco Monopoly's (TTM) sales revenue, and impede on its plan to buy tobacco from local farmers.
Tobacco Monopoly feels the burn from new excise rates
News, Wichit Chantanusornsiri, Published on 05/03/2018
» The state-run Thailand Tobacco Monopoly (TTM) is expecting the first loss, of about 1.5 billion baht, in its 79-year history, following new excise tax rates which it claims have benefitted importers of foreign cigarettes.