Showing 1-10 of 15 results
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Minister: 50-year leases likely for foreigners
Wichit Chantanusornsiri, Published on 24/03/2017
» The Finance Ministry is considering amending laws to allow foreigners to buy properties through leasehold, according to minister Apisak Tantivorawong.
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Citizens shoulder burden of vast state debt
News, Wichit Chantanusornsiri, Published on 11/06/2015
» Bad policies formulated by previous governments including the previous government's rice scheme have left the country in financial trouble, owing some 720 billion baht.
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Tax reform aims to cut income gap
Business, Wichit Chantanusornsiri, Published on 30/07/2014
» The National Council for Peace and Order has instructed the Finance Ministry to seek tax measures that can foster social fairness and bridge income disparities while boosting revenue for government coffers, says a ministry source.
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State bank poised to start promised farmer payments
Business, Wichit Chantanusornsiri, Published on 07/04/2014
» Rice farmers are expected to begin receiving payouts of 500 million to 1 billion baht per week from today, according to an official at the Bank for Agriculture and Agricultural Cooperatives (BAAC).
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Budget delay 'will hit growth'
News, Wichit Chantanusornsiri, Published on 27/09/2013
» The finance minister expects the national budget in the new fiscal year that begins next month could be delayed _ which would dent economic growth.
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VAT fraud probe implicates 18
Wichit Chantanusornsiri, Published on 23/08/2013
» A Finance Ministry inquiry committee has uncovered 18 ministerial officials suspected of stealing more than 4.3 billion baht from the state through fraudulent tax refunds.
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Cure for ailing farmers worse than the disease
News, Wichit Chantanusornsiri, Published on 15/08/2013
» Since the first Thaksin Shinawatra government in 2001, and all the way to the current Yingluck Shinawatra government, one clear priority for Thailand's political leaders has been the importance of poverty alleviation policies.
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Claims of Finance Ministry graft jolt our faith
News, Wichit Chantanusornsiri, Published on 26/07/2013
» It's hard to make sense of the headlines last week about the authorities breaking up a gang responsible for defrauding the government out of more than 4.6 billion baht in illicit value-added tax refunds.
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Govt defence of rice Maginot Line can't last
News, Wichit Chantanusornsiri, Published on 21/03/2013
» In late 1996 and early 1997, in the face of a slowing economy, deficits in the budget, trade and current accounts, and weakness in the financial system, the Bank of Thailand insisted that it was ready to go to war.
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For SME and Islamic banks, what went awry?
News, Wichit Chantanusornsiri, Published on 28/02/2013
» Plainly speaking, it's been a complete management failure, both inside and out. How else can one frame the fact that two state-controlled banks, the SME Bank and the Islamic Bank of Thailand, are now wrestling with bad loans in excess of 80 billion baht, or over one-quarter of their total outstanding loans? When we consider the fact that their peers in the private sector count their own non-performing loans in the low single digits, and that Thai bank profitability overall is at record highs, the performance of these two institutions looks even worse.
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