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THAILAND

Treasury: Observation tower will generate B47 billion

Wichit Chantanusornsiri, Published on 30/06/2017

» The 4.62-billion-baht Bangkok observation tower project will draw more than a million tourists per year and generate 47 billion baht of tourism income during its 30-year project duration, said the chief of the Treasury Department which is supervising the project site.

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THAILAND

DLT slams brakes on customs car auction

News, Wichit Chantanusornsiri, Published on 29/06/2017

» The Customs Department has abruptly cancelled an auction of hundreds of confiscated vehicles after the Department of Land Transport refused to issue registration certificates for most of them.

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THAILAND

Ministry ready to borrow B170bn for rail project

Wichit Chantanusornsiri, Published on 26/06/2017

» The Finance Ministry is ready to borrow 170 billion baht to finance the first phase of the Thai-Chinese railway project, according to its minister.

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THAILAND

13.45m people apply for welfare

Business, Wichit Chantanusornsiri, Published on 16/05/2017

» The number of registrants for the government's welfare and subsidy scheme for the impoverished through the national e-payment system in this year's round surged by 50% year-on-year, says Pornchai Thiraveja, an adviser to the Fiscal Policy Office.

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THAILAND

Provincial poor may get transport aid

Business, Wichit Chantanusornsiri, Published on 04/04/2017

» The Finance Ministry is designing a welfare scheme for those at the bottom rung of the economic ladder, with a balance between registrants who live in Bangkok, its outskirts, and provincial areas to even out treatment.

THAILAND

AoT fee proposal clarified

Business, Wichit Chantanusornsiri, Published on 16/02/2017

» The Treasury Department has clarified that a rental fee based on return on assets (ROA) to be charged to Airports of Thailand (AoT) for use of Suvarnabhumi airport on top of the current revenue-sharing rental fee is only a proposal and needs further discussion with the tenant.

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THAILAND

SRT hits resistance on Red Line

Business, Wichit Chantanusornsiri, Published on 30/01/2017

» The Finance Ministry has brushed aside a State Railway of Thailand (SRT) request to receive subsidies for operating the Red Line electric railway, says a senior finance official.

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THAILAND

B99bn allotted for transport in 2017

Business, Wichit Chantanusornsiri, Published on 07/11/2016

» The government is set to spend 98.8 billion baht next year to develop logistics networks, including three motorways and 10 electric train projects.

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THAILAND

Makkasan land handover hits obstacle

News, Wichit Chantanusornsiri, Published on 12/09/2016

» The planned handover of the 497-rai Makkasan area by the State Railway of Thailand (SRT) to the Finance Ministry to clear huge debts has been suspended until legal concerns are settled.

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THAILAND

Sino-Thai rail project talks to decide details

Business, Wichit Chantanusornsiri, Published on 11/08/2016

» Progress on the Sino-Thai high-speed rail project is expected to be made at this month's meeting, says the Public Debt Management Office (PDMO).