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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

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

A country swept up in the statistics

Business, Published on 23/07/2018

» On the surface, Thailand's economic growth story of the past few years has been putting jubilant smiles on officials' faces. But beneath the ostensible delight are hidden structural time bombs in the making, with the clocks ticking relentlessly.

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THAILAND

Worker debt hits high

Business, Phusadee Arunmas, Published on 27/04/2018

» Thai workers are saddled with the highest debt levels in 10 years, mainly incurred from daily consumption, vehicles, investments, residential purchases, debt repayment and medical expenses.

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THAILAND

Dubious aid for two giants draws flak

Business, Published on 26/03/2018

» Public queries have bombarded the military-led government and the telecom regulator after their decision to take the inexplicably generous route of invoking Section 44 to ease the financial burdens of Advanced Info Service Plc (AIS) and True Move, the winners of the 4G licence auctions three years ago.

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THAILAND

Squabble over EEC foreign land

Business, Kanana Katharangsiporn, Published on 19/03/2018

» The much-touted Eastern Economic Corridor (EEC) is aimed at reviving the success of the Eastern Seaboard Development Project from the early 1980s, but one major sticking point drawing polarising opinions is whether to allow foreign companies to have 100% land ownership in real estate.

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THAILAND

Cabinet affirms wage hike, relief measures

Business, Published on 31/01/2018

» The cabinet on Tuesday endorsed the daily minimum wage hike nationwide from April 1, an increase of 5-22 baht as approved by the tripartite national wage committee on Jan 17.

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THAILAND

Panel: Economy firing on all cylinders

Business, Published on 08/02/2018

» The Thai economy is proceeding at full throttle this year, propelled by four active engines: state investment, private investment, exports and household consumption, says Deputy Prime Minister Somkid Jatusripitak.

THAILAND

Thailand takes one-by-one approach to bolster EU ties

Business, Phusadee Arunmas, Published on 31/01/2018

» Thailand is tightening its strategic partnerships with individual EU nations after the bloc agreed last December to resume political contact "at all levels", more than three years after suspending them in protest against the 2014 military coup.

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THAILAND

Somkid: EEC to beat investment goal

Business, Published on 30/01/2018

» The government is more positive about investment prospects in its much-touted Eastern Economic Corridor (EEC), predicting more than 200 billion baht to be recorded this year.