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BUSINESS

Prayut eager for property tax

Business, Wichit Chantanusornsiri, Published on 27/06/2018

» Prime Minister Prayut Chan-o-cha wants lawmakers to pass a draft bill on the land and buildings tax under his regime, says Deputy Finance Minister Wisudhi Srisuphan.

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OPINION

Time for new chapter in tackling poverty

News, Wichit Chantanusornsiri, Published on 14/06/2018

» Over the past years the government has boasted of numerous economic advances, including an increase in GDP figures. Yet this does not necessarily bode well for its plan to tackle poverty. In fact, these achievements have exacerbated economic inequality, with farmers now marginalised at the bottom of the social spectrum.

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BUSINESS

Still room to spend after populist cap

Business, Wichit Chantanusornsiri, Published on 04/06/2018

» Some 10% of this year's budget is still available for the government to spend on populist policies after the Fiscal Policy Committee, chaired by Prime Minister Prayut Chan-o-cha, capped payment liabilities incurred from pork barrel spending at 30% of annual budget expenditure.

BUSINESS

Prayut puts 30% pork-barrel cap in place

Business, Wichit Chantanusornsiri, Published on 25/05/2018

» The Fiscal Policy Committee chaired by Prime Minister Prayut Chan-o-cha has capped payment liabilities incurred from populist policies at 30% of annual budget expenditure, a move meant to prohibit politicians from spending lavishly on pork-barrel schemes.

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OPINION

Wealth gap still endangers democracy

News, Wichit Chantanusornsiri, Published on 24/05/2018

» Time flies. This week marks the fourth year of the military regime under Gen Prayut Chan-o-cha taking power after it ousted the civilian government in a coup in 2014. It's hard to imagine the military could ever have made a comeback to politics after the 1992 uprising when the men in green were forced to go back to the barracks, never mind managing to stay this long.

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BUSINESS

Three projects look to get on PPP fast-track

Business, Wichit Chantanusornsiri, Published on 22/05/2018

» At least three projects worth 447 billion baht under the fast-track public-private partnership scheme are expected to seek the PPP committee's approval this year.

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BUSINESS

Sepo awaits duty-free bid rules

Business, Wichit Chantanusornsiri, Published on 20/04/2018

» The State Enterprise Policy Office (Sepo) has submitted three retail associations' proposals for the upcoming duty-free shop concession at international airports to Airports of Thailand Plc (AoT), but there has been no response, says a senior official.

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BUSINESS

PDMO eyes debt payment adjustment

Business, Wichit Chantanusornsiri, Published on 16/04/2018

» The Public Debt Management Office (PDMO) has proposed reworking the principal payment to at least 2% of the government debt obligation, aiming to pay it off within 50 years.

BUSINESS

PDMO budgets up to B50bn for yearly borrowing in EEC

Business, Wichit Chantanusornsiri, Published on 26/03/2018

» The Public Debt Management Office (PDMO) plans to earmark 30-50 billion baht a year from its annual borrowing to finance the government's 1-trillion-baht infrastructure investment in the much-touted Eastern Economic Corridor (EEC) project.

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THAILAND

Govt boasts of an end to poverty through e-cards

Wichit Chantanusornsiri, Published on 12/02/2018

» Measures introduced by the government will lift more than 5 million registered poor people above the poverty line, according to a senior Finance Ministry official.