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THAILAND

Election date won't affect state projects

Business, Chatrudee Theparat, Published on 24/01/2019

» The government's flagship development initiatives, notably the Eastern Economic Corridor (EEC), are unlikely to be affected by the general election date, now set at March 24.

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THAILAND

FPO proposes debt test to screen welfare smartcard recipients

Business, Wichit Chantanusornsiri, Published on 14/12/2018

» The Fiscal Policy Office (FPO) has floated the idea of adding debt burden to the criteria in screening recipients for the government's welfare and subsidy scheme for the poor in an effort to weed out cheats.

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THAILAND

Whiff of populism in latest schemes

Business, Published on 10/12/2018

» A tranche of seemingly populist policies has been sprouting forth from the military-led government, pointing to something much more than a bid to boost domestic demand amid a murky economic outlook.

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THAILAND

'Taobao Village' model sought for poor

Business, Phusadee Arunmas, Published on 07/11/2018

» Thailand plans to apply the Taobao Village model to help tackle poverty and raise community income via e-commerce and digital technology.

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THAILAND

The cybersecurity balancing act

Business, Published on 22/10/2018

» The draft cybersecurity bill, which is yet to be completed, is being promoted as an attempt to expand Thailand's cybersecurity infrastructure, protect national security interests and crack down on cybercrime.

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THAILAND

Deductions for political contributions approved

Business, Wichit Chantanusornsiri, Published on 09/10/2018

» The Revenue Department is allowing tax deductions for contributions to political parties, with a cap of 10,000 baht for individual taxpayers and 50,000 baht for companies.

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THAILAND

B6.5bn in aid to prop up cane farmers

Business, Chatrudee Theparat, Published on 11/10/2018

» The cabinet on Wednesday approved 6.5 billion baht worth of financial aid to sugar-cane farmers for the 2018-19 crop to help alleviate their plight, as local sugar prices have dropped sharply after the country's 30-year quota subsidies system and domestic price controls ended last year.

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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

Political turmoil blamed for GDP losses

Business, Somruedi Banchongduang, Published on 28/08/2018

» Thailand's political uncertainty over the past 20 years took a toll on the country's economic growth, shaving off 0.4 percentage points per year on average and depressing growth below its potential, according to a joint survey by the Bank of Thailand's Puey Ungphakorn Institute for Economic Research's (Pier).

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THAILAND

BoT: Labour to curb GDP

Business, Somruedi Banchongduang, Published on 16/08/2018

» The Bank of Thailand forecasts that Thailand's ageing demography will dampen the country's annual GDP growth by 1.5 percentage points over the next 10 years. Thailand's labour growth rate averaged 5% over the past 10 years, but such growth is expected to decline to 3.5% a year in the next decade, said Don Nakornthab, senior director of the economic and policy department.