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Virtual bank licensing criteria set
Business, Wichit Chantanusornsiri, Published on 06/03/2024
» The Finance Ministry has announced the criteria to apply for a virtual bank licence, with initial registered capital set at 5 billion baht.
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Bank of Thailand pushes CLMV transfers
Business, Wichit Chantanusornsiri, Published on 02/10/2018
» The Bank of Thailand has initiated a cross-border fund transfer with Cambodia, Laos, Myanmar and Vietnam (CLMV) by scanning QR codes in a move to facilitate deeper integration in the region.
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Govt accord set to tackle tax evasion
News, Wichit Chantanusornsiri, Published on 15/06/2020
» The Revenue Department has signed an agreement on mutual tax cooperation with 160 countries -- a move that will enable Thailand to tackle tax evasion by foreign e-service providers.
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New excise tax structure for cigs gets cabinet nod
News, Wichit Chantanusornsiri, Published on 29/09/2021
» The cabinet has approved the new excise tax structure for cigarettes, expected to come into effect this Friday, according to a Finance Ministry source.
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VAT refunds surge after reopening
Business, Wichit Chantanusornsiri, Published on 31/05/2023
» Tourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit.
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Predee quits finance post
News, Wichit Chantanusornsiri, Published on 02/09/2020
» Finance Minister Predee Daochai has resigned after only 26 days in the job in the wake of a reported conflict with his deputy over the appointment of the director-general of the Excise Department.
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Economists urge caution for gloomy 2023
Business, Wichit Chantanusornsiri, Published on 05/10/2022
» Thailand needs to prepare for global economic difficulties as they will intensify next year, according to economists.
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Govt debt ratio hike 'won't hurt monetary, fiscal discipline'
Wichit Chantanusornsiri, Published on 31/05/2019
» The government's move to raise its off-budget debt commitment as a proportion of the national budget from 5% to 8% will not have any effect on monetary or fiscal discipline, according to an adviser to the Public Debt Management Office.
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Apisak says digital coins will remain legal
Business, Wichit Chantanusornsiri, Published on 08/02/2018
» The government will not ban cryptocurrency trading, says Finance Minister Apisak Tantivorawong, but a regulatory framework to govern digital currencies will become clearer within a month.
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Two cheap loan projects launched for farmers
News, Wichit Chantanusornsiri, Published on 20/05/2018
» The government has kicked off two major cheap loan projects with a combined value of 93.6 billion baht to help reduce the cost of farming, according to the state-run Bank for Agriculture and Agricultural Cooperatives (BAAC).
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