Showing 1 - 9 of 9
Thailand faces 20 years of low growth
Business, Somruedi Banchongduang, Published on 16/12/2023
» The World Bank expects Thailand's potential growth to be the lowest among Asean economies over the next 20 years because of the country's ageing demographics and a slowdown in private investment.
BoT backs borrowings
Business, Somruedi Banchongduang, Published on 17/08/2021
» The Bank of Thailand (BoT) is urging the government to borrow an additional 1 trillion baht to address the severe economic impact of the Covid-19 pandemic and boost the country's long-term growth prospects.
Tax restructure projected for 2021
Business, Somruedi Banchongduang, Published on 13/11/2020
» The Finance Ministry plans to implement tax restructuring next year in an effort to offset lower tax income and shift the economic structure because of the effect of the pandemic crisis.
Banks brace for holiday outlay
Business, Somruedi Banchongduang, Published on 25/01/2019
» Commercial banks' net cash withdrawal from the Bank of Thailand to prepare for the public's spending over Chinese New Year is estimated to increase to 62.5 billion baht from 46 billion a year earlier, says a senior official at the central bank.
Bankers prepare to aid VAT refund policy
Business, Somruedi Banchongduang, Published on 04/12/2018
» The Thai Bankers' Association stands ready to discuss cutting debit card issuance fees as requested by Finance Minister Apisak Tantivorawong, to add to the government's proposed value-added tax (VAT) refunds during next year's Chinese New Year.
Officials reject KTB-TMB merger talk
Business, Somruedi Banchongduang, Published on 26/04/2018
» After a week of mounting speculation over a potential consolidation between Krungthai Bank (KTB) and TMB Bank, KTB's president and TMB's chairman both dispelled the rumours Wednesday, saying there is no merger discussion plan.
BoT governor backs up merger measures
Business, Somruedi Banchongduang, Published on 24/04/2018
» Bank of Thailand governor Veerathai Santiprabhob has thrown his support behind the government's tax incentives to encourage consolidation in the local banking sector, saying mergers and acquisitions will reinforce banks' competitive edge and level the playing field against regional peers.
Panel urges extension of current rates
Business, Somruedi Banchongduang, Published on 07/05/2014
» The Joint Standing Committee on Commerce, Industry and Banking has proposed the government extend the current rates of value-added tax (VAT) and corporate and personal income tax to ease businesses' burden and prevent a further weakening of domestic consumption.
More access to free zones proposed
Business, Somruedi Banchongduang, Published on 03/09/2013
» Business leaders suggest allowing Thai cross-border traders to access free zones to support cross-border trade and Asean expansion at a time of depressed export demand.