Showing 1 - 10 of 108
Pico-finance gives 4m people access to credit worth B40bn
Business, Wichit Chantanusornsiri, Published on 05/04/2024
» Pico-finance, employed by the Finance Ministry to broaden formal financing channels for low-income earners and informal workers, has effectively facilitated access to credit tallying nearly 40 billion baht for more than 4 million individuals.
Tapping a vast market
Business, Wichit Chantanusornsiri, Published on 12/02/2024
» The restoration of diplomatic relations between Thailand and Saudi Arabia in 2022 following a 30-year break has created new opportunities for Thailand to tap into demand for its halal products in Middle Eastern markets.
Digging out of debt
Business, Wichit Chantanusornsiri, Published on 28/12/2023
» Prime Minister Srettha Thavisin has declared dealing with informal debt and the problems it creates a national priority, likening the situation to a form of modern-day slavery.
Ministry sees key role for smaller lenders
Business, Wichit Chantanusornsiri, Published on 26/12/2023
» Nano-finance and pico-finance loans worth 70 billion baht in total are among the measures being deployed to counter informal debt problems, says Fiscal Policy Office director-general Pornchai Thiraveja.
BAAC expects 85% of farmers to join debt plan
Business, Wichit Chantanusornsiri, Published on 02/11/2023
» The Bank for Agriculture and Agricultural Cooperatives (BAAC) anticipates roughly 85% of the 2 million eligible farmers will participate in the government's debt suspension programme, says president Chatchai Sirilai.
Minister considers cutting debt burden
Business, Wichit Chantanusornsiri, Published on 31/10/2023
» One way to ease household debt would be to reduce the amount owed for those who are ready to solve their problems, says Deputy Finance Minister Krisada Chinavicharana.
Another payment stream for retirees
Business, Wichit Chantanusornsiri, Published on 30/10/2023
» The global population has increased rapidly in the last 30 years, while two-thirds of people older than age 60 are in developing countries, especially in Asia.
Srettha touts land bridge project
Business, Wichit Chantanusornsiri, Published on 26/10/2023
» The proposed land bridge project will be the world's largest megaproject, helping to elevate the Thai economy in the medium to long term, says Prime Minister Srettha Thavisin.
Amendment to see overseas income taxed
Business, Wichit Chantanusornsiri, Published on 26/09/2023
» The Revenue Department recently amended its notification regarding taxation on specified foreign-sourced income by stipulating that local residents who earn overseas income will be subject to personal income tax (PIT), according to Paragraph 2 of Section 41 of the Revenue Code.
Going global
Business, Wichit Chantanusornsiri, Published on 24/07/2023
» Why are Thai small and medium-sized enterprises (SMEs) unable to penetrate foreign markets as other countries do? Apart from a lack of courage in tackling obstacles to international trade, Thai SMEs' lack of research and development (R&D) is one of the key factors hindering them from entering the global market.