Showing 1-10 of 559 results
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The thorny issue of digital wallet funding
Business, Wichit Chantanusornsiri, Published on 25/04/2024
» The coalition government led by Prime Minister Srettha Thavisin made a significant pivot on its flagship scheme, which aims to hands out 10,000 baht each to 50 million Thais via a digital wallet, shifting from government borrowing, which drew sharp criticism and raised concerns about potential violations of financial and fiscal discipline regulations.
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Bid to close profit shifting loophole
Business, Wichit Chantanusornsiri, Published on 23/04/2024
» The Revenue Department is drafting legislation to collect taxes from multinational enterprises (MNEs) to prevent profit shifting to subsidiaries in countries with lower tax bases.
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GH Bank preps low-interest loans for greener homes
Business, Wichit Chantanusornsiri, Published on 23/04/2024
» Government Housing Bank (GH Bank) is offering low-interest loans totalling 10 billion baht to purchase or renovate homes so that they become more environmentally friendly and reduce pollution for residents.
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Procurement department strives for greener methods
Business, Wichit Chantanusornsiri, Published on 20/04/2024
» The Comptroller-General's Department, responsible for supervising government procurement amounting to as much as 7% of GDP, is gearing up to enforce green practices among contractors engaged in government projects.
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BAAC union queries lending capacity
Wichit Chantanusornsiri, Published on 18/04/2024
» The labour union of the Bank for Agriculture and Agricultural Cooperatives (BAAC) is seeking legal opinions about whether the government can borrow from the state-owned bank to support its costly digital wallet handout.
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BAAC eager to develop 50,000 young smart farmers
Business, Wichit Chantanusornsiri, Published on 27/03/2024
» State-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) has set a goal to create 50,000 young smart farmers in five years, with a commitment to support low-interest loans totalling 55 billion baht.
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‘No reason’ to resist rate cut, says finance official
Wichit Chantanusornsiri, Published on 22/03/2024
» The Bank of Thailand no longer has any reason to refrain from reducing its policy interest rate, says a senior official of the Ministry of Finance.
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Clean energy holds short-term promise
Business, Wichit Chantanusornsiri, Published on 15/03/2024
» The government is being urged to make Thailand the regional front-runner for clean energy, promoting the sector as a new economic growth engine.
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BAAC eyes platform for crops in China
Business, Wichit Chantanusornsiri, Published on 04/03/2024
» The Bank for Agriculture and Agricultural Cooperatives (BAAC) is negotiating with a Chinese tech giant to set up a joint venture to develop an e-commerce platform to facilitate the sale of agricultural products to China, says president Chatchai Sirilai.
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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.
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