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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

Excise unfazed by proposed liquor act

Business, Wichit Chantanusornsiri, Published on 25/05/2023

» The Excise Department's liquor policy does not conflict with the Move Forward Party's Progressive Liquor Act, says deputy director-general Kriengkrai Pattanaporn.

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BUSINESS

Government revenue beats target amid growth

Business, Wichit Chantanusornsiri, Published on 24/05/2023

» The Finance Ministry reported government revenue collection for the first seven months of fiscal 2023 (October to April) exceeded the target by 112 billion baht, mainly contributed by agencies other than the Revenue Department, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.

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BUSINESS

Weak economy hampers liquor upgrades

Business, Wichit Chantanusornsiri, Published on 22/05/2023

» The Excise Department says current economic conditions are unfavourable, resulting in only one small, community-based entrepreneur applying for a licence to become a medium-sized liquor producer, says deputy director-general Kriengkrai Pattanaporn.

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BUSINESS

Warning over household debt surge

Business, Wichit Chantanusornsiri, Published on 23/05/2023

» The National Economic and Social Development Council (NESDC) warns that Thailand's ballooning household debt will become a serious problem if employment and the economy decelerate, says secretary-general Danucha Pichayanan.

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BUSINESS

Relocation tax package to yield B6bn

Business, Wichit Chantanusornsiri, Published on 15/05/2023

» The Revenue Department expects tax measures supporting the relocation of foreign investors' production bases to attract investment of around 6 billion baht within three years, says deputy director-general Vinit Visessuvanapoom.

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BUSINESS

NESDC demands discipline

Business, Wichit Chantanusornsiri, Published on 16/05/2023

» The National Economic and Social Development Council (NESDC) has warned the new government to strictly maintain financial and fiscal discipline as it will affect foreign investors' confidence in the Thai economy, says secretary-general Danucha Pichayanan.

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BUSINESS

Bureau ready to adjust fiscal 2024 budget plan

Business, Wichit Chantanusornsiri, Published on 18/05/2023

» The Budget Bureau is planning to adjust the fiscal 2024 budget to reflect the priorities of the new government, says a Finance Ministry source who requested anonymity.

BUSINESS

Ministry estimates B2tn available for party pledges

Business, Wichit Chantanusornsiri, Published on 15/05/2023

» The new government will have room to spend at least 2 trillion baht to fulfil its populist campaign pledges, according to a Finance Ministry source who requested anonymity.

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BUSINESS

State banks increase interest rates to attract depositors

Business, Wichit Chantanusornsiri, Published on 12/05/2023

» State banks are rushing to provide higher deposit rates to customers, including one scheme that offers up to 17%.