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BUSINESS

Ethanol to be used in making bioplastics

Business, Wichit Chantanusornsiri, Published on 14/06/2023

» The cabinet has endorsed the promotion of the use of ethanol to produce bioplastics to create environmentally-friendly materials, said government spokesman Anucha Burapachaisri.

BUSINESS

Government nudged to correct revenue-to-GDP proportion

Business, Wichit Chantanusornsiri, Published on 15/06/2023

» The government is advised to seek methods to increase its revenue-to-GDP ratio following a continuous decline, while remaining prudent in incurring higher levels of debt, says a Finance Ministry source who requested anonymity.

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BUSINESS

Data exchange to fight tax evasion

Business, Wichit Chantanusornsiri, Published on 06/06/2023

» Starting this month, the exchange of financial information should help combat transnational tax evasion, says director-general of the Revenue Department Lavaron Sangsnit.

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BUSINESS

Defining the goals of zero-based budgets

Business, Wichit Chantanusornsiri, Published on 07/06/2023

» Zero-based budgeting (ZBB) is one of the policies included in the 23-point memorandum of understanding signed by leaders of eight political parties seeking to form a new coalition government following the general election.

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BUSINESS

State banks raise deposit, loan rates after BoT hike

Business, Wichit Chantanusornsiri, Published on 08/06/2023

» State banks are increasing their interest rates following the Bank of Thailand's policy rate hike.

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BUSINESS

Exim Bank promotes risk hedging amid choppy seas

Business, Wichit Chantanusornsiri, Published on 09/06/2023

» The lingering effects of the pandemic and the Russia-Ukraine war could exacerbate the risk of non-payment for goods, says Rak Vorrakitpokatorn, president of the Export-Import (Exim) Bank of Thailand.

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BUSINESS

Using power wisely

Business, Wichit Chantanusornsiri, Published on 05/06/2023

» A new government is expected to be formed following the general election last month, riding the turbulent winds of geopolitical and technological change, which is likely to cause disruption.

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BUSINESS

Arkhom coy on diesel excise tax cut

Business, Wichit Chantanusornsiri, Published on 30/05/2023

» Finance Minister Arkhom Termpittayapaisith has refused to take a stance on whether the diesel excise tax cut needs to be extended, saying it depends on global oil prices.

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BUSINESS

VAT refunds surge after reopening

Business, Wichit Chantanusornsiri, Published on 31/05/2023

» Tourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit.

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BUSINESS

Rubber deal set to boost Thai firms in global market

Business, Wichit Chantanusornsiri, Published on 01/06/2023

» The Finance Ministry, in collaboration with the Thai Chamber of Commerce and the Rubber Authority of Thailand, has signed a letter of intent for the Capital Flow in Rubber Industrial Estate project to boost the international competitiveness of entrepreneurs in the rubber supply chain.