Showing 1 - 10 of 42
IBank finally flourishes
Business, Wichit Chantanusornsiri, Published on 02/03/2024
» Over the past two decades, the Islamic Bank of Thailand (IBank) has faced numerous challenges in becoming the sole financial institution in the country to provide sharia-compliant financial services in accordance with Islamic principles, says president Thaweelap Rittapirom.
Dual rates cut into tobacco tax revenue
Business, Wichit Chantanusornsiri, Published on 06/02/2024
» Using a dual cigarette tax rate has reduced the government's cigarette tax revenue by roughly 23 billion baht, says Tobacco Authority of Thailand governor Poomjit Pongpanngam.
Delay may blunt effect of handout
Business, Wichit Chantanusornsiri, Published on 16/11/2023
» The digital wallet handout, estimated to cost the government 500 billion baht, is two to three months behind schedule, which may result in diminishing economic stimulus effects, says Deputy Finance Minister Julapun Amornvivat.
Bridging the gap
Business, Wichit Chantanusornsiri, Published on 26/09/2022
» Cross-border trade between Thailand and neighbouring countries is thriving, thanks in part to expanded infrastructure connectivity.
FPO maintains 2022 growth forecast at 3.5%
Business, Wichit Chantanusornsiri, Published on 27/07/2022
» The Fiscal Policy Office (FPO) has kept its forecast for economic growth this year at an average of 3.5%, underpinned by a recovery in both the tourism sector and domestic consumption, according to the office's director-general Pornchai Thiraveja.
SME D Bank extends B2bn for tourism
Business, Wichit Chantanusornsiri, Published on 17/05/2022
» The Small and Medium Enterprise Development Bank of Thailand (SME D Bank) has set aside loans worth around 2 billion baht for SMEs in the tourism sector to boost their liquidity, says president Nartnaree Rathapat.
Reform of EV duties urged
Business, Wichit Chantanusornsiri, Published on 14/02/2022
» The Finance Ministry plans to propose to the cabinet a reduction of the import duty for electric vehicles (EVs) to 40%, 20% and zero percent, each depending on the engine size, says Deputy Finance Minister Santi Promphat.
Relief schemes scheduled to start on Thursday
Business, Wichit Chantanusornsiri, Published on 29/06/2021
» The Finance Ministry has confirmed that the "Ying Chai Ying Dai" e-voucher cashback scheme and phase 3 of the Khon La Khrueng co-payment scheme will go ahead as planned, with the aim of boosting the economy in the second half of the year.
FPO makes use of satellite data
Business, Wichit Chantanusornsiri, Published on 13/07/2020
» The Fiscal Policy Office (FPO) is using satellites and carbon dioxide density measures to study economic conditions on a more continuous basis, according to senior officials at the Finance Ministry's think tank.
IBank to double number of branches nationwide
Business, Wichit Chantanusornsiri, Published on 27/05/2020
» State-owned Islamic Bank of Thailand (IBank) has been instructed to more than double the number of branches to 100 nationwide with a focus on the South, home to the country's largest concentration of Muslims.