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GENERAL

Ministry eyes reduction of diesel tax

Business, Wichit Chantanusornsiri, Published on 17/01/2024

» The Finance Ministry has offered a proposal to reduce the excise tax on diesel fuel for three months to ease the cost of living, says Julapun Amornvivat, the deputy finance minister.

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GENERAL

Excise considers new green tax measures

Business, Wichit Chantanusornsiri, Published on 08/01/2024

» The Excise Department plans to implement four tax measures for the environment and society this year, says director-general Ekniti Nitithanprapas.

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GENERAL

State borrowing to fund digital wallet plan

Business, Wichit Chantanusornsiri, Published on 09/01/2024

» Thailand will be able to borrow to finance its 500-billion-baht digital wallet handout scheme in accordance with Section 53 and 57 of the 2018 State Fiscal and Financial Discipline Act, following an endorsement by the Council of State, says Julapun Amornvivat, the deputy finance minister.

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PROPERTY

Reduced property fees extended

Business, Wichit Chantanusornsiri, Published on 27/12/2023

» The cabinet approved extending the reduced ownership transfer and mortgage fees for another year, which is expected to increase GDP by an additional 0.5%, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.

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PROPERTY

Ministry urges help for homebuyers

Wichit Chantanusornsiri, Published on 25/12/2023

» Policymakers in the Finance Ministry recommend the government implement measures to improve the property sector, helping to stimulate the economy next year, says a ministry source who requested anonymity.

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GENERAL

Srettha touts land bridge project

Business, Wichit Chantanusornsiri, Published on 26/10/2023

» The proposed land bridge project will be the world's largest megaproject, helping to elevate the Thai economy in the medium to long term, says Prime Minister Srettha Thavisin.

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GENERAL

Asset firm proposed for bad debt

Business, Wichit Chantanusornsiri, Published on 21/10/2023

» Deputy Finance Minister Krisada Chinavicharana has proposed a response to high levels of household debt: establishing an asset management company (AMC) for efficient management of bad debt.

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GENERAL

Bank of Thailand predicts 2024 growth of 4.4%

Business, Wichit Chantanusornsiri, Published on 12/10/2023

» The Bank of Thailand has maintained its GDP growth forecast for next year at 4.4%, inclusive of the government's economic stimulus measures, says assistant governor Piti Disyatat.

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GENERAL

NESDC downgrades Thai growth for 2023

Business, Wichit Chantanusornsiri, Published on 22/08/2023

» The National Economic and Social Development Council (NESDC) has revised its forecast for this year’s economic growth to 2.5-3%, down from the previous forecast of 2.7-3.7% due to the impact of the global economic slowdown, says secretary-general Danucha Pichayanan.

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MOTORING

Budget sought to maintain state EV subsidy

Wichit Chantanusornsiri, Published on 07/08/2023

» The Excise Department says the 2.9-billion-baht subsidy to support the use of electric vehicles (EVs) will run out within September and it plans to request an additional budget from the new administration to continue the programme until 2025, says director-general Ekniti Nitithanprapas.