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Showing 1-7 of 7 results
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Political instability adds to viral woes
News, Wichit Chantanusornsiri, Published on 05/03/2020
» The economy weakened last year thanks to the Sino-US trade war. This year, its health could worsen further due to two emerging factors. One is the Covid-19 outbreak which has hit the country's tourism industry hard. Another is potential political turmoil signalled by a series of "flash mobs" of students which gathered after the Constitutional Court's ruling to dissolve the Future Forward Party (FFP). If the rallies continue unabated, this year's growth could be worse than analysts predict.
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Jury still out on government's ability to lift economy
News, Wichit Chantanusornsiri, Published on 22/09/2016
» With the Prayut Chan-o-cha government in charge for more than two years, the Thai economy still hangs in the balance. Even though the government has managed to lift the country out of the economic stagnation we experienced before the 2014 coup, it has failed to accelerate growth.
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Thais opt for quick fix over full democracy
News, Wichit Chantanusornsiri, Published on 11/08/2016
» The results of Sunday's constitutional referendum demonstrate a critical reversion of political thought among Thai voters. In voting for a less democratic draft constitution, they have made it clear they prefer immediate remedies for political and economic woes rather than fully-fledged democracy.
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FPO sticks with 3.3% growth
Business, Wichit Chantanusornsiri, Published on 29/07/2016
» Despite a deeper cut in its export forecast, the Fiscal Policy Office (FPO) has maintained its economic growth projection of 3.3% this year as ramped-up state investment and the robust tourism industry are expected to offset sagging outbound shipments.
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Revenue collection on course to meet year's B2.33tn target
Business, Wichit Chantanusornsiri, Published on 29/06/2016
» The government is on track to hit this fiscal year's revenue target of 2.33 trillion baht after revenue for the eight months to May surpassed the target by 4.1%.
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Corporate tax changes hold out hope of cleaner society
News, Wichit Chantanusornsiri, Published on 09/06/2016
» When the National Council for Peace and Order (NCPO) which took the power in 2014, it put some goals, including corruption eradication, and national reform, on its priority list. Such goals are enshrined in the draft charter written by the Constitutional Drafting Committee under Meechai Ruchupan which is up for the referendum on Aug 7.
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FPO upbeat after Q1 growth surprise
Business, Wichit Chantanusornsiri, Published on 19/05/2016
» The economy is expected to expand beyond the Fiscal Policy Office (FPO) forecast of 3.3% this year after its stellar performance in the first quarter, says permanent secretary for finance Somchai Sujjapongse.
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