Showing 1-10 of 12 results
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Emergency funds in the spotlight
Business, Wichit Chantanusornsiri, Published on 17/10/2016
» The Budget Bureau will amend the Budgeting Procedure Act to widen the finance minister's power to allocate Treasury reserves for emergency requirements to 50 billion baht from the current 100 million.
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GSB proposes low-rate loan to Oil Fuel Fund
Business, Wichit Chantanusornsiri, Published on 24/08/2022
» State-owned Government Savings Bank (GSB) is willing to offer an interest rate at the lowest level possible to the Oil Fuel Fund if the fund needs to shore up its liquidity, says GSB president Vitai Ratanakorn.
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Minister advises caution on Oil Fuel Fund loan
Business, Wichit Chantanusornsiri, Published on 18/08/2022
» Finance Minister Arkhom Termpittayapaisith suggested the Oil Fuel Fund should focus on its own revenue and expense management first to increase liquidity before turning to borrowing as a last resort.
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Kingdom predicts 4% economic growth amid uncertainty posed by pandemic
News, Wichit Chantanusornsiri, Published on 06/02/2022
» Finance Minister Arkhom Termpittayapaisith is confident of the kingdom's economic outlook, saying it will achieve 4% growth this year as forecast by several domestic and foreign agencies.
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GSB offers short-term relief
Business, Wichit Chantanusornsiri, Published on 21/07/2021
» Government Savings Bank (GSB) has introduced a measure to suspend principal and interest payments for individual clients for six months, which is expected to cover 750,000 borrowers, said the bank's president Vitai Ratanakorn.
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Riverside hotel slated for 2025
Business, Wichit Chantanusornsiri, Published on 22/01/2021
» A 4.6-billion-baht boutique hotel development project located on the banks of the Chao Phraya River is scheduled to be completed in 2025, says the Treasury Department.
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Arkhom vows debt will not exceed 60%
Business, Wichit Chantanusornsiri, Published on 01/02/2021
» Thailand's public debt will not exceed the 60% ceiling rate by 2025 if there is no more borrowing for Covid-19 management, says Finance Minister Arkhom Termpittayapaisith.
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Ministry sees four-year test for tourism sector
Business, Wichit Chantanusornsiri, Published on 03/12/2020
» The tourism industry, which accounts for 12% of Thailand's GDP, is expected to take at least four years to recover to the pre-pandemic levels, says the Finance Ministry.
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Investment-grade firms avoid BSF
Business, Wichit Chantanusornsiri, Published on 07/07/2020
» None of the companies with investment-grade credit ratings sought financial assistance from the central bank's Corporate Bond Stabilisation Fund (BSF), reflecting they are still able to access funding sources, says the head of the Public Debt Management Office.
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TCG seeks approval for PGS9 plan
Business, Wichit Chantanusornsiri, Published on 13/04/2020
» State-owned Thai Credit Guarantee Corporation (TCG) is poised to seek the Finance Ministry's nod for the launch of portfolio guarantee scheme (PGS) 9 worth 200 billion baht after the current PGS's amount is projected to be used by June because of strong demand amid the Covid-19 outbreak.
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