Showing 1-10 of 78 results
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Arkhom asks GH Bank to keep rates stable
Business, Wichit Chantanusornsiri, Published on 01/04/2022
» Finance Minister Arkhom Termpittayapaisith has asked Government Housing Bank (GH Bank) to maintain its current mortgage interest rates this year as borrowers struggle with living costs.
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Act now on ageing society before it's too late
News, Wichit Chantanusornsiri, Published on 05/07/2018
» In the next three years, people aged over 60 in Thailand will account for 13.8 million, or 20% of the population. This means in a group of five, there will be one elderly person. In demographic science, a country where 20% of its people are aged 60 years old or higher is categorised as an ageing society.
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Infants' tax credit aims to reverse ageing tide
Business, Wichit Chantanusornsiri, Published on 06/12/2017
» The Revenue Department is set to allow individual taxpayers to double the child allowance claimed for the second child onward to 60,000 baht each as part of fresh efforts to reverse the demographic shift towards an ageing society.
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Ageing society putting stress on Social Security Fund
Wichit Chantanusornsiri, Published on 28/09/2016
» Deputy Prime Minister Somkid Jatusripitak has questioned how the government's Social Security Fund can afford to pay pensions for 11.5 million ageing members in the near future, and has instructed the Finance Ministry to examine the problem.
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Ageing society prompts ministry tax review
Business, Wichit Chantanusornsiri, Published on 29/03/2018
» The Finance Ministry is studying a revamp of the tax structure by raising the ratio of asset- and consumption-based taxes because income-based ones, which dominate revenue contributions, are expected to decline as Thailand becomes an aged society.
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Preparing for the golden years
Business, Wichit Chantanusornsiri, Published on 13/04/2024
» The government’s ability to successfully push through the draft National Elderly and Basic Pension Act to garner a first reading — the first stage of a bill’s passage — or acceptance of the principle of the bill from the House of Representatives is considered a crucial cornerstone for building a support system for Thailand’s elderly population.
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B10bn assigned for reverse mortgages
Business, Wichit Chantanusornsiri, Published on 12/10/2017
» State-owned Government Savings Bank, the country's first provider of reverse mortgages, is allocating 10 billion baht for the loan scheme.
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As ageing society approaches, fiscal reform needed
News, Wichit Chantanusornsiri, Published on 31/03/2016
» At a glance, despite public debt accounting for 44% of GDP, it appears the government remains safe from the immediate risk of fiscal crises and is still able to acquire low-interest loans from domestic sources.
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Wake up and ‘smell’ the boiling water
News, Wichit Chantanusornsiri, Published on 10/01/2019
» Despite the uncertain date of the long-awaited election, political parties have intensified their poll campaigns, offering tempting policies to attract voters. A quick look at the campaign pledges of the competing parties suggests they want to turn Thailand into a welfare state. That would be a tough task.
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Tax perks in push for more children
Business, Wichit Chantanusornsiri, Published on 20/02/2017
» Individual taxpayers can claim child allowance deductions for an unlimited number of biological children or up to three foster children under the new personal income tax structure effective from the 2017 tax year.
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