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BUSINESS

BAAC in dire need of a fresh deposit infusion

Business, Wichit Chantanusornsiri, Published on 22/09/2012

» The Bank for Agriculture and Agricultural Cooperatives (BAAC) must raise 80 billion baht in new deposits over the next six months to meet its financing needs, says Arun Lertwilai, an executive vice-president of the state-owned bank.

BUSINESS

Rice scheme goes to cabinet unchanged

Business, Wichit Chantanusornsiri, Published on 01/10/2012

» Cabinet ministers will consider final details of the rice pledging programme for the 2012-13 harvest tomorrow, with costs projected at over 400 billion baht.

BUSINESS

Public debt to be discussed at Asem meeting

Business, Wichit Chantanusornsiri, Published on 03/07/2012

» Public debt management will be the major topic at the Asia-Europe Ministers' Meeting (Asem) in Bangkok on Oct 14-15, said Thai Finance Minister Kittiratt Na-Ranong.

BUSINESS

First buyer scheme will be extended

Business, Wichit Chantanusornsiri, Published on 16/07/2012

» The Finance Ministry will seek to extend the first-car buyer scheme until mid-2013 in response to manufacturers' requests, giving participants an extra six months to ask for a tax rebate.

BUSINESS

SME Bank pulls the plug on Soros, may seek damages

Business, Wichit Chantanusornsiri, Published on 15/08/2012

» The SME Bank board voted unanimously to terminate Soros Sakornvisava immediately for actions resulting in losses to the state bank worth at least 311 million baht, says chairman Naris Chaiyasoot.

BUSINESS

Lottery mulls regional ticket sales

Business, Wichit Chantanusornsiri, Published on 05/05/2012

» Business leaders and investors generally agree that the launch of the Asean Economic Community (AEC) in 2015 will be a major force pushing companies to raise their efficiency.

BUSINESS

SLF adjusts scheme

Business, Wichit Chantanusornsiri, Published on 22/05/2012

» The Student Loan Fund (SLF) is establishing new eligibility criteria for educational loans to encourage students to pursue fields where there is a shortage of qualified workers, said Finance Ministry permanent-secretary Areepong Bhoocha-oom.

OPINION

BoT baulks at govt bid to drop debt in its lap

News, Wichit Chantanusornsiri, Published on 05/01/2012

» The debate over the past several days regarding who should hold responsibility for the 1.14-trillion-baht in outstanding liabilities from the Financial Institutions Development Fund, should serve as a clear wake-up call about the dangers and costs of poor policy.

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BUSINESS

2011 GDP growth sinks to 0.1% on flood crisis

Business, Wichit Chantanusornsiri, Published on 21/02/2012

» Thailand recorded gross domestic product growth of 0.1% last year as flooding disrupted business and manufacturing, but this year's growth should come in at between 5.5% and 6.5%, says the government's top think tank.

BUSINESS

Kittiratt: Budget balance depends on local growth

Business, Wichit Chantanusornsiri, Published on 03/02/2012

» Finance Minister Kittiratt Na-Ranong has pledged that the government will try harder to improve the budget balance in the face of criticism that its big-spending plans could lead to unsustainable debts in the future.