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MOTORING

Official: Stay the course on EV sector

Wichit Chantanusornsiri, Published on 25/03/2024

» Despite concern over the arrival of the Chinese electric vehicle supply chain to the domestic automotive industry, Thailand must continue to fuel the growth of its EV sector, says finance permanent secretary Lavaron Sangsnit.

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GENERAL

‘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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GENERAL

State revenue collection falls short of target

Business, Wichit Chantanusornsiri, Published on 20/03/2024

» Government revenue collection has missed the target, signalling an economic slowdown, largely attributed to diminished purchasing power caused by high interest rates, says permanent finance secretary Lavaron Sangsnit.

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GENERAL

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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GENERAL

Advisor insists public debt still at reasonable level

Business, Wichit Chantanusornsiri, Published on 09/03/2024

» Despite an increase in public debt during the pandemic, the Public Debt Management Office (PDMO) insists the level remains manageable.

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PROPERTY

Ministries vow to ease land & building tax

Business, Wichit Chantanusornsiri, Published on 07/03/2024

» The Finance Ministry and Interior Ministry have pledged to improve the land and building tax to prevent a negative impact on the public amid several economic challenges.

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GENERAL

Consumer confidence hits 47-month high

Business, Wichit Chantanusornsiri, Published on 29/02/2024

» Consumer confidence rose in January to the highest level in 47 months, propped up by the economic recovery, says Fiscal Policy Office (FPO) director-general Pornchai Thiraveja.

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INVESTMENT

Scrutinising the need for overseas bonds

Business, Wichit Chantanusornsiri, Published on 29/02/2024

» Several heads turned when the government said last week it is considering a plan to raise US$1 billion (about 36 billion baht) worth of foreign currency-denominated bonds, with some observers expressing doubts about worthiness and the risk of currency devaluation.

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GENERAL

Debt office considers foreign issue

Business, Wichit Chantanusornsiri, Published on 21/02/2024

» The Finance Ministry's Public Debt Management Office (PDMO) is weighing whether to issue foreign currency-denominated bonds this March, after not doing so for more than 20 years.

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GENERAL

NESDC revises growth outlook

Business, Wichit Chantanusornsiri, Published on 20/02/2024

» The National Economic and Social Development Council (NESDC) has revised down gross domestic product (GDP) growth for 2023 and its outlook for 2024 to 1.9% and 2.7%, suggesting the Bank of Thailand (BoT) use financial measures to support the economy, says secretary-general Danucha Pichayanan.