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GENERAL

NESDC revises growth outlook

Business, Wichit Chantanusornsiri, Published on 20/02/2024

» The National Economic and Social Development Council (NESDC) has revised down gross domestic product (GDP) growth for 2023 and its outlook for 2024 to 1.9% and 2.7%, suggesting the Bank of Thailand (BoT) use financial measures to support the economy, says secretary-general Danucha Pichayanan.

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GENERAL

Debt office considers foreign issue

Business, Wichit Chantanusornsiri, Published on 21/02/2024

» The Finance Ministry's Public Debt Management Office (PDMO) is weighing whether to issue foreign currency-denominated bonds this March, after not doing so for more than 20 years.

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GENERAL

GSB told to ease up on informal debtors

Business, Wichit Chantanusornsiri, Published on 19/02/2024

» The Finance Ministry has ordered the Government Savings Bank (GSB) to consider relaxing conditions for informal debtors, says Deputy Finance Minister Krisada Chinavicharana.

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GENERAL

Authorities nab fake VAT invoice gangs

Business, Wichit Chantanusornsiri, Published on 16/02/2024

» The Revenue Department is developing a data analytics system for entrepreneurs to enter the tax payment system and avoid counterfeit tax invoices, says director-general Kulaya Tantitemit.

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GENERAL

BAAC to create platform for farmers

Business, Wichit Chantanusornsiri, Published on 16/02/2024

» The Bank for Agriculture and Agricultural Cooperatives (BAAC) plans to develop an e-commerce platform for online distribution using blockchain technology for transparency and fairness, says Deputy Finance Minister Julapun Amornvivat.

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GENERAL

Thai Credit Guarantee Corporation sets B115.6bn loan guarantee target

Business, Wichit Chantanusornsiri, Published on 15/02/2024

» Thai Credit Guarantee Corporation (TCG) has set a loan guarantee target of 115.6 billion baht for this year, up from 95 billion last year, while aiming to reduce the non-performing credit guarantees (NPGs) of 12,000 small and medium-sized enterprises (SMEs), says general manager Sittikorn Direksoonthorn.

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GENERAL

Tapping a vast market

Business, Wichit Chantanusornsiri, Published on 12/02/2024

» The restoration of diplomatic relations between Thailand and Saudi Arabia in 2022 following a 30-year break has created new opportunities for Thailand to tap into demand for its halal products in Middle Eastern markets.

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GENERAL

State revenue collection beats quarterly target by B1.62bn

Business, Wichit Chantanusornsiri, Published on 13/02/2024

» The government's revenue collection for the first three months of fiscal 2024 exceeded its target by 0.3%, or 1.62 billion baht, says Fiscal Policy Office director-general Pornchai Thiraveja.

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GENERAL

BAAC unveils scheme for carbon credits

Business, Wichit Chantanusornsiri, Published on 12/02/2024

» The Bank for Agriculture and Agricultural Cooperatives (BAAC) plans to purchase 510,000 tonnes of carbon credits within five years, says president Chatchai Sirilai.

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PROPERTY

Finance Ministry urges aid for ailing property sector

Business, Wichit Chantanusornsiri, Published on 09/02/2024

» The Finance Ministry recommends the government implement measures to improve the property sector and stimulate the economy, says Deputy Minister of Finance Krisada Chinavicharana.