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GENERAL

Small and Medium Enterprise Development Bank of Thailand predicts 28% loan growth

Business, Wichit Chantanusornsiri, Published on 10/02/2024

» The Small and Medium Enterprise Development Bank of Thailand (SME D Bank) set a loan target of 90 billion baht this year, up by 28% from 2023, while non-performing loans (NPLs) tallied only 8%, the lowest in 22 years, says president Nartnaree Rathapat.

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GENERAL

Ministry prepares next phase of debt suspension

Business, Wichit Chantanusornsiri, Published on 08/02/2024

» The Finance Ministry plans to launch the second phase of a three-year debt suspension scheme for farmers in April, says Deputy Finance Minister Julapun Amornvivat.

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GENERAL

Panel called on to cut policy rate

Business, Wichit Chantanusornsiri, Published on 06/02/2024

» The Finance Ministry is urging the Bank of Thailand's Monetary Policy Committee (MPC) to consider cutting its policy rate to ease the burden on the public, says Deputy Finance Minister Julapun Amornvivat.

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GENERAL

Dual rates cut into tobacco tax revenue

Business, Wichit Chantanusornsiri, Published on 06/02/2024

» Using a dual cigarette tax rate has reduced the government's cigarette tax revenue by roughly 23 billion baht, says Tobacco Authority of Thailand governor Poomjit Pongpanngam.

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INVESTMENT

Crypto trading becomes VAT-free in race for digital

Business, Wichit Chantanusornsiri, Published on 07/02/2024

» The Finance Ministry has announced the exemption of value-added tax (VAT) on digital asset trading to push Thailand towards becoming a digital asset hub.

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GENERAL

Official predicts Thai Airways can relist on the SET in 2025

Business, Wichit Chantanusornsiri, Published on 05/02/2024

» The State Enterprise Policy Office (Sepo) expects Thai Airways International Plc (THAI) to relist on the Stock Exchange of Thailand next year, says Tibordee Wattanakul, director-general of Sepo.

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GENERAL

Call to increase government pawnshop lending limits

Business, Wichit Chantanusornsiri, Published on 03/02/2024

» The State Enterprise Policy Office (Sepo) is preparing to increase the pawn limit as state-run pawnshops expand and gold prices rise, says director-general Tibordee Wattanakul.

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GENERAL

Student Loan Fund's bad debts set to gradually ease

Business, Wichit Chantanusornsiri, Published on 01/02/2024

» The Student Loan Fund's (SLF) bad debts, tallying 100 billion baht, should gradually reduce after the fund adjusts the calculation method for debt repayment, says fund manager Chainarong Kajchapanan.

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GENERAL

Tie-up aims to add another 200,000 members to fund

Business, Wichit Chantanusornsiri, Published on 01/02/2024

» The National Savings Fund (NSF) is partnering with TrueMoney to increase membership of the fund based on the country's ageing demographics, says NSF secretary-general Jaruluck Ruengsuwan.

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GENERAL

GH Bank targets 3% loan growth

Business, Wichit Chantanusornsiri, Published on 31/01/2024

» Government Housing Bank (GH Bank) aims to expand loans by 3% this year, higher than last year's target, in line with the country's economic expansion, says president Kamonpop Veerapala.