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GENERAL

Digital wallet set to boost Thai GDP

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

» The government's 560-billion-baht digital wallet policy will stimulate the economy and create future income to support the ageing society, according to Deputy Finance Minister Julapun Amornvivat.

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INVESTMENT

Srettha eager to be pitchman to woo investors

Business, Wichit Chantanusornsiri, Published on 05/10/2023

» Prime Minister Srettha Thavisin insists he will take on the role of a salesman to attract foreign investors to Thailand.

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GENERAL

Nation aims to be upper-income by 2027

Business, Wichit Chantanusornsiri, Published on 03/10/2023

» The government will turn Thailand into an upper-income country within four years, says Prime Minister Srettha Thavisin.

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GENERAL

State banks pause lending rates to assist customers

Business, Wichit Chantanusornsiri, Published on 04/10/2023

» State-owned banks are freezing loan rates to help people as interest rates remain elevated.

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MOTORING

Srettha backs vehicle supply chain

Business, Wichit Chantanusornsiri, Published on 30/09/2023

» Prime Minister Srettha Thavisin reaffirmed to the Japanese government that the Thai government will continue to support the production of internal combustion engine (ICE) vehicles for the next 10-15 years to ensure a smooth transition to electric vehicles (EVs).

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GENERAL

Amendment to see overseas income taxed

Business, Wichit Chantanusornsiri, Published on 26/09/2023

» The Revenue Department recently amended its notification regarding taxation on specified foreign-sourced income by stipulating that local residents who earn overseas income will be subject to personal income tax (PIT), according to Paragraph 2 of Section 41 of the Revenue Code.

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GENERAL

GH Bank stays on course for lending expansion

Business, Wichit Chantanusornsiri, Published on 28/09/2023

» Government Housing (GH) Bank still plans to expand mortgages even as interest rates remain elevated, says director and acting president Krit Sesawet.

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GENERAL

Incentives for farmers forgoing debt scheme

Business, Wichit Chantanusornsiri, Published on 25/09/2023

» The Finance Ministry is planning to offer incentives to farmers choosing not to enter the debt suspension programme aimed at reducing the government's fiscal burden, according to a ministry source who requested anonymity.

GENERAL

Segment of SMEs to receive debt relief

Business, Wichit Chantanusornsiri, Published on 20/09/2023

» The Finance Ministry plans to suspend debt payments for one year for small and medium-sized enterprises (SMEs) categorised as Bank of Thailand account status code 21, says Deputy Finance Minister Julapun Amornvivat.

GENERAL

Government bonds deemed suitable

Business, Wichit Chantanusornsiri, Published on 22/09/2023

» The Public Debt Management Office (PDMO) says the issuance of government bonds in fiscal 2024 will be at an appropriate level, according to director-general Patricia Mongkhonvanit.