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GENERAL

Views of Finance Ministry, BoT more harmonised

Business, Wichit Chantanusornsiri, Published on 09/10/2024

» The economic perspectives of the Finance Ministry and the Bank of Thailand are becoming more aligned, says Deputy Finance Minister Paopoom Rojanasakul.

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GENERAL

Ministry rejigs conditions of retirement lottery

Business, Wichit Chantanusornsiri, Published on 08/10/2024

» The Finance Ministry has adjusted the conditions for the retirement lottery project, allowing retirees to purchase tickets for this lottery as a means of continuous savings for another 10 years.

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INVESTMENT

Finance Ministry seeking cabinet nod to sell shares

Business, Wichit Chantanusornsiri, Published on 08/10/2024

» The Finance Ministry is preparing to propose to the cabinet in December the sale of both listed and unlisted shares held by the ministry. This will involve over 100 enterprises in which the ministry holds a stake of less than 50%.

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INVESTMENT

B150bn Vayupak investment fund starts trading

Wichit Chantanusornsiri, Published on 07/10/2024

» The 150 billion baht-state investment fund, Vayupak Fund (VAYU1), began trading on the Stock Exchange of Thailand on Monday, drawing significant interest from investors, demonstrating that trust and confidence have returned to the Thai stock market, according to the finance minister.

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GENERAL

Finance Ministry pushes higher inflation target

Business, Wichit Chantanusornsiri, Published on 07/10/2024

» The Finance Ministry has proposed moving the inflation target for next year to 1.5-3.5%, rising from the existing range of 1-3%, to provide the Bank of Thailand more room to lower the policy rate.

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THAILAND

Tax evasion fines ‘could reach B2.5bn’

Wichit Chantanusornsiri, Published on 05/10/2024

» The Excise Department expects to collect nearly 2.5 billion baht in fines in cases involving smuggling of untaxed goods in the 2024 fiscal year that ended on Sept 30.

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GENERAL

Exploring Thai efforts to cut carbon

Business, Wichit Chantanusornsiri, Published on 05/10/2024

» Thailand is racing against time to meet its international commitments to reduce global warming, cutting carbon emissions by one-third within six years.

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GENERAL

Isan area benefits from cash handout

Business, Wichit Chantanusornsiri, Published on 05/10/2024

» Of the top five provinces in the country that received the most money in the first phase of the government's cash handout, totalling 145 billion baht, four are located in the Northeast.

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GENERAL

Handout to lift GDP by 0.3 percentage points

Business, Wichit Chantanusornsiri, Published on 04/10/2024

» The government's first phase of the cash handout scheme, amounting to 145 billion baht, is expected to help stimulate the economy this year, raising GDP by 0.3 percentage points, with the momentum extending into the first quarter of next year, says Deputy Finance Minister Paopoom Rojanasakul.

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GENERAL

Access to funding ‘better than rate cuts’

Wichit Chantanusornsiri, Published on 03/10/2024

» Finance Minister Pichai Chunhavajira has reiterated that access to sources of funding is more crucial than reducing interest rates.