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THAILAND

Populist budget close to legal limit

Business, Wichit Chantanusornsiri, Published on 14/08/2018

» Little room remains in the budget for the government to spend further on populist policies through state-owned financial institutions, as populist spending is nearing the cap of 30% of the annual budget, says an informed source at the Finance Ministry.

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THAILAND

Ministry says 5% growth possible

Business, Wichit Chantanusornsiri, Published on 27/07/2018

» Thai GDP growth of 5% is likely this year if the global economy's performance and state spending outpace expectations, the Finance Ministry says.

THAILAND

Apisak touts VAT payback plan for welfare recipients

Business, Wichit Chantanusornsiri, Published on 02/08/2018

» Recipients of the government's welfare scheme who buy goods at Thong Fah Pracha Rat shops from Oct 1 to Dec 31 will get a VAT refund, says Finance Minister Apisak Tantivorawong.

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THAILAND

State investment slower than targeted

Wichit Chantanusornsiri, Published on 13/07/2018

» Government organisations disbursed 47% of the 577 billion-bath investment budget in the first nine months of fiscal 2018, well short of the target, the Comptroller-General's Department announced on Friday.

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THAILAND

Measures mulled for plastic waste

Business, Wichit Chantanusornsiri, Published on 16/07/2018

» A subcommittee tasked with plastic waste management wants to accelerate its schedule, with the goal of at least halving the use of plastic and foam in five years instead of 20.

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THAILAND

Govt looks to B3bn windfall from online VAT revenue

Wichit Chantanusornsiri, Published on 18/07/2018

» The Revenue Department plans to reap 3 billion baht in annual VAT payments from the 80-90 major international online service providers with a presence in Thailand.

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THAILAND

VAT return scheme for poor shaping up

Business, Wichit Chantanusornsiri, Published on 12/07/2018

» The planned repayment of value-added tax (VAT) to government welfare smartcard holders is expected to take shape by the end of this year, a move meant to improve their purchasing power.

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THAILAND

Welfare cards to be issued to another 1.1m people

Wichit Chantanusornsiri, Published on 12/07/2018

» The Finance Ministry plans to distribute welfare cards to 1.1 million more people who missed the previous registration of the poor, and they include people with disabilities and bedridden patients.

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THAILAND

E-waste shunned by China piles up in Thailand

Wichit Chantanusornsiri, Published on 13/06/2018

» Plastic and electronic waste banned from import by China is now engulfing Thailand, the Customs Department spokesman said Wednesday.

THAILAND

Imports of electronic and plastic waste surge in 2018

Business, Wichit Chantanusornsiri, Published on 14/06/2018

» Mountains of electronic and plastic waste are stacking up rapidly in Thailand after China banned the import of such trash last year, say a senior official at the Customs Department.