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BUSINESS

FPO: Thai fiscal status still healthy

Business, Wichit Chantanusornsiri, Published on 29/07/2022

» The country's fiscal status is still healthy enough to handle economic problems, including inflation, according to Fiscal Policy Office (FPO) director-general Pornchai Thiraveja.

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BUSINESS

Ministry upbeat on baht rebound

Business, Wichit Chantanusornsiri, Published on 09/07/2022

» The Finance Ministry expects the baht's value to rebound in the second half this year, in line with the anticipated narrowing of the current account deficit, says a ministry source who requested anonymity.

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THAILAND

Govt calls for more investment

News, Wichit Chantanusornsiri, Published on 07/06/2022

» Finance Minister Arkhom Termpittayapaisith yesterday urged people to invest in the kingdom while the economy is on an upward trend and the Bank of Thailand (BoT) is trying to maintain a favourable policy interest rate to support growth.

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BUSINESS

Exim Bank allots B5bn for SME loans

Business, Wichit Chantanusornsiri, Published on 07/06/2022

» Export-Import Bank of Thailand (Exim Bank) has set aside 5 billion baht for soft loans to help small and medium-sized enterprises (SMEs) export their products, says Finance Minister Arkhom Termpittayapaisith.

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BUSINESS

Oil Fuel Fund asks for liquidity boost

Business, Wichit Chantanusornsiri, Published on 28/05/2022

» The Oil Fuel Fund Office is asking the government to inject money into the fund from its central budget to increase its liquidity as it continues to subsidise the price of diesel, says office director Wisak Watanasap.

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BUSINESS

Exports, tourism help fire up expansion in April

Business, Wichit Chantanusornsiri, Published on 31/05/2022

» The growth of exports, tourism and the agricultural sector supported the country's economic expansion in April, according to the Fiscal Policy Office (FPO).

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BUSINESS

FPO slashes growth on energy outlook

Business, Wichit Chantanusornsiri, Published on 28/04/2022

» The Fiscal Policy Office (FPO) has downgraded its 2022 economic growth forecast to an average of 3.5% from 4.0%, mainly because of the Russia-Ukraine war and its effect on domestic energy prices, says FPO director Pornchai Thiraveja.

BUSINESS

Arkhom eyes 10% export growth in 2022

Business, Wichit Chantanusornsiri, Published on 31/03/2022

» Despite soaring oil prices and rising production costs driven by the Russia-Ukraine war, Finance Minister Arkhom Termpittayapaisith still hopes to see the Thai export sector expand by 10% this year.

BUSINESS

Consumption surges, but Ukraine hits confidence

Business, Wichit Chantanusornsiri, Published on 31/03/2022

» The Thai economy last month recorded growing private domestic consumption, especially for durable items, alongside support from export growth, according to Fiscal Policy Office adviser Wuttipong Jittungsakul.

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BUSINESS

Japan prepares to provide $500m soft loan

Business, Wichit Chantanusornsiri, Published on 11/03/2022

» Japan plans to provide a soft loan of US$500 million (roughly 16.6 billion baht) to Thailand to mitigate the impact of the pandemic, says Patricia Mongkhonvanit, director-general of the Public Debt Management Office (PDMO).