Showing 1 - 10 of 33
Coalition parties tense as economy falters
Business, Wichit Chantanusornsiri, Published on 03/06/2025
» Thai politics has not reached a dead end, but mounting pressure from a sluggish economy is likely to affect the future of the two main coalition parties -- Pheu Thai and Bhumjaithai -- according to a scholar on political economy.
Would more debt fix the economy?
Business, Wichit Chantanusornsiri, Published on 17/05/2025
» A total of seven emergency loan decrees were issued from 1998 to 2021, authorising combined borrowings of 3.83 trillion baht to address various economic crises, including the Asian financial crisis and the Covid-19 pandemic.
Government targets tax reform in attempt to boost revenue
Business, Wichit Chantanusornsiri, Published on 13/05/2025
» Tax reform to increase government revenue must be seriously pursued to enhance fiscal strength, says finance permanent secretary Lavaron Sangsnit.
Unpacking the debt-to-GDP ratio
Business, Wichit Chantanusornsiri, Published on 29/03/2025
» The Pheu Thai Party-led government has pursued aggressive fiscal policies, building on the work of the previous administration led by Gen Prayut Chan-o-cha, which navigated the challenges of the Covid-19 pandemic. During Gen Prayut's tenure, two special emergency loan decrees were enacted, resulting in total borrowing of 1.5 trillion baht and prompting an increase in the public debt ceiling from 60% to 70% of GDP.
Unit anticipates GDP growth of up to 3.5%
Business, Wichit Chantanusornsiri, Published on 31/01/2025
» The Fiscal Policy Office (FPO) expects economic expansion of up to 3.5% is likely this year, rising from 2.5% last year.
Proposed battery tax rejig to reward energy efficiency
Business, Wichit Chantanusornsiri, Published on 24/01/2025
» The Finance Ministry plans to propose to the cabinet next month a revision of the battery tax from a flat rate for all battery types to a tiered rate, with more efficient batteries subject to a lower levy than less efficient batteries.
Excise taxes on cars to be restructured
Wichit Chantanusornsiri, Published on 03/01/2025
» The Excise Department is preparing restructure tax rates on automobiles to support the transition from internal combustion engine (ICE) vehicles to future mobility technologies, including electric and hydrogen-powered vehicles
Taxes on salt and fat considered
Wichit Chantanusornsiri, Published on 05/11/2024
» The Ministry of Finance is studying the feasibility of imposing taxes on products containing salt and fat as a preventive health measure.
Ministry predicts 2.7% growth this year
Business, Wichit Chantanusornsiri, Published on 01/11/2024
» The Finance Ministry's Fiscal Policy Office (FPO) forecasts Thai GDP growth of 2.7% this year and 3% in 2025.
Seeking new engines of growth
Wichit Chantanusornsiri, Published on 22/07/2024
» About 40 years ago, natural gas was discovered in the Gulf of Thailand, creating excitement across the country. This period marked the dawn of Thailand's golden era. Following this discovery, the Eastern Seaboard Development Project was initiated to develop the eastern coastal region. Foreign investment poured in, enabling the economy to expand at a double-digit rate while raising hopes that Thailand would become Asia's fifth tiger.