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BUSINESS

Oil price spike forecast to slash Thai GDP growth

Business, Wichit Chantanusornsiri, Published on 18/03/2026

» Every US$10 increase in the oil price per barrel is expected to reduce Thai GDP by 0.2 percentage points, according to caretaker finance minister Ekniti Nitithanprapas.

BUSINESS

Ministry upbeat on new US proposal

Business, Wichit Chantanusornsiri, Published on 09/07/2025

» Thailand's revised proposal to reduce import tariffs on thousands of US products is likely to be viewed favourably by the US, says finance permanent secretary Lavaron Sangsnit.

BUSINESS

US-China tariff pause eases trade tension

Business, Wichit Chantanusornsiri, Published on 19/05/2025

» The temporary agreement between the US and China to slash the severe reciprocal tariffs imposed on each other and to cooperate to prevent further disruption to the global economy should have a positive impact on trade, according to an analyst.

BUSINESS

Govt will continue to subsidise energy prices, says finance minister

Wichit Chantanusornsiri, Published on 31/08/2022

» The government will continue to use tax measures to subsidise high energy prices throughout this year, with the aim of easing the high cost of living, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

BUSINESS

Revenue collection likely to exceed B2.4tn target

Business, Wichit Chantanusornsiri, Published on 29/08/2022

» The government's revenue collection in fiscal 2022, which ends on Sept 30, is expected to beat the target by 40-60 billion baht, says Krisada Chinavicharana, permanent secretary for finance.

BUSINESS

Kingdom predicts 4% economic growth amid uncertainty posed by pandemic

News, Wichit Chantanusornsiri, Published on 06/02/2022

» Finance Minister Arkhom Termpittayapaisith is confident of the kingdom's economic outlook, saying it will achieve 4% growth this year as forecast by several domestic and foreign agencies.

BUSINESS

Govt backs SFIF contribution cut

News, Wichit Chantanusornsiri, Published on 01/07/2020

» The cabinet on Tuesday allowed specialised financial institutions to halve their contribution to the Specialised Financial Institution Development Fund (SFIF) to 0.125% of deposit base for two years, starting this year.

BUSINESS

Four candidates submit governor applications

Business, Wichit Chantanusornsiri, Published on 17/06/2020

» There are four candidates to replace outgoing governor Veerathai Santiprabhob as the Bank of Thailand's 24th chief, says Rangsan Sriworasart, the selection committee chairman.

BUSINESS

Excise chief flip-flops as department rejects 50% tax cut

Business, Wichit Chantanusornsiri, Published on 29/05/2020

» The Excise Department has turned down car makers' proposed 50% tax cut, fearing prices of all vehicles in the market will decline further if the reduction is implemented, the department's chief says.

BUSINESS

Central bank feeling the heat from Fed's rate cut

Business, Wichit Chantanusornsiri, Published on 05/03/2020

» The Federal Reserve's emergency rate cut will put pressure on the Bank of Thailand to follow in the US central bank's footsteps, according to a senior official at the Fiscal Policy Office (FPO).