Showing 1 - 10 of 73
Inflation support schemes extended
Business, Chatrudee Theparat, Published on 17/06/2022
» The government has pledged to extend the existing 10 measures devised to alleviate the hardship of low-income earners from a surge in oil prices for three months until September.
EU sanctions will keep oil prices high for 1-2 years
Business, Chatrudee Theparat, Published on 02/06/2022
» The EU's latest decision to ban most oil imports from Russia because of its invasion of Ukraine is expected to keep energy prices elevated for 1-2 years, says Kobsak Pootrakul, senior executive vice-president of Bangkok Bank.
Growth cut due to inflation, slowdown
Business, Chatrudee Theparat, Published on 18/05/2022
» Mounting pressure from inflation, energy prices, the global economic slowdown and the prolonged conflict between Russia and Ukraine prompted the government's planning agency to lower its economic growth forecast yesterday to 2.5-3.5% for the year, down from the previous forecast of 3.5-4.5% in February.
Subsidy on premium diesel revoked
Business, Chatrudee Theparat, Published on 30/03/2022
» The cabinet on Tuesday approved revoking the subsidy on premium diesel used in luxury cars, effective from April, in a move to save on budget expenses.
State slashes excise tax on fuels used by Egat
Business, Chatrudee Theparat, Published on 09/03/2022
» The cabinet on Tuesday approved cutting the excise tax on diesel and bunker oil used to generate electricity by the Electricity Generating Authority of Thailand (Egat) to zero in a bid to lower electricity bills for six months.
State sees no urgent need to cut excise tax on diesel
Business, Chatrudee Theparat, Published on 24/01/2022
» The government insists the state Oil Fund still has sufficient funding to subsidise retail diesel prices until March 31 and sees no urgent need to cut the excise tax on diesel.
Prayut orders stimulus rejig
Business, Chatrudee Theparat, Published on 24/07/2021
» Prime Minister Prayut Chan-o-cha has ordered responsible state agencies to re-evaluate existing consumption stimulus packages, particularly the "Ying Chai Ying Dai" (the more you spend, the more you get) e-voucher cashback scheme, which has attracted fewer participants than expected.
New Phuket rule passes
Business, Chatrudee Theparat, Published on 23/07/2021
» Foreign visitors participating in the Phuket sandbox scheme will be allowed to visit other tourist spots after seven days starting from Aug 1.
Cabinet cuts budget for e-voucher scheme
Business, Chatrudee Theparat, Published on 21/07/2021
» The cabinet on Tuesday cut the spending budget for the "Ying Chai Ying Dai" (the more you spend, the more you get) e-voucher cashback scheme to 9.8 billion baht from 28 billion baht because of fewer-than-expected participants.
Measures to lure wealthy foreigners hit obstacle
Business, Chatrudee Theparat, Published on 08/06/2021
» Fresh investment measures including a sweeping plan to allow rich foreigners to enjoy a long-stay visa for up to 10 years, own land and property, and pay a 17% personal income tax on local earnings are yet to be settled, as the Finance Ministry is still resisting the thorny tax reduction proposal.