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BUSINESS

State to spend B50bn on welfare cards

Business, Wichit Chantanusornsiri, Published on 07/01/2023

» The government is expected to spend 50 billion baht on the state welfare card scheme in fiscal 2023, says Deputy Finance Minister Santi Promphat.

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BUSINESS

GH Bank keen to target the wealthy segment

Business, Wichit Chantanusornsiri, Published on 07/01/2023

» Government Housing Bank (GH Bank) wants to tap wealthy customers by offering high-value savings lotteries, aiming to become a new choice for people looking to diversify investment risk and earn a decent return amid a possible global recession and high inflation rate.

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BUSINESS

State disburses 74% of investment budget

Business, Wichit Chantanusornsiri, Published on 26/12/2022

» Disbursement of the state investment budget in fiscal 2022 tallied 74% of the total investment budget of 611 billion baht, the highest level over the past five fiscal years, says Kulaya Tantitemit, director-general of the Comptroller-General Department.

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BUSINESS

State agencies prep new 'gifts'

Business, Wichit Chantanusornsiri, Published on 20/12/2022

» Government agencies including the Finance Ministry are expected to propose measures to ease the cost of living for consumers and businesses, aiming to stimulate domestic consumption via "New Year's gifts", for cabinet consideration on Tuesday, says a ministry source who requested anonymity.

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BUSINESS

GSB unit unveils loan based on land pledge

Business, Wichit Chantanusornsiri, Published on 23/12/2022

» Mee Tee Mee Ngern, a Government Savings Bank (GSB) subsidiary, aims to extend land collateral loans worth 10 billion baht next year, says chief executive Isara Wongrung.

BUSINESS

Debtors await clarity on student loans

Business, Wichit Chantanusornsiri, Published on 09/12/2022

» The number of borrowers repaying debt to the Student Loan Fund declined from September to November as some people chose to wait for the amended version of the law regarding lower interest rates and default fines, says fund manager Chainarong Katchapanan.

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BUSINESS

Revenue office upbeat on fiscal 2023 target

Business, Wichit Chantanusornsiri, Published on 12/12/2022

» The Revenue Department expects to meet its target for revenue collection of 2.2 trillion baht in fiscal 2023, according to director-general Lavaron Sangsnit.

BUSINESS

Token market classification planned

Business, Wichit Chantanusornsiri, Published on 13/12/2022

» The Revenue Department plans to issue rules soon that classify types of digital tokens as part of its move to support token market development, says director-general Lavaron Sangsnit.

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BUSINESS

SMEs urged to look beyond Thailand

Business, Wichit Chantanusornsiri, Published on 28/11/2022

» The courage to venture to overseas frontiers and easier access to loans are the key factors to facilitate small and medium-sized enterprises (SMEs) becoming exporters, according to lenders and industry leaders.

BUSINESS

FPO describes country's economy as being 'in good shape'

Business, Wichit Chantanusornsiri, Published on 29/11/2022

» The Thai economy has stabilised, with inflationary pressures subsiding and public debt still below 70% of the country's GDP, according to the Fiscal Policy Office (FPO).