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BUSINESS

NESDC warns rapidly ageing society likely to hit economy

Business, Chatrudee Theparat, Published on 21/03/2022

» The increase in elderly among the Thai population and declining birth rate are expected to hinder the country's future economic expansion, according to a new study by the government's planning unit.

BUSINESS

EEC Office says aid schemes need rejig

Business, Chatrudee Theparat, Published on 22/03/2022

» The government may need to rejig its financial assistance policies involving low-income earners, farmers, employees, self-employed workers, micro-businesses, and small and medium-sized enterprises, as many of them still fail to obtain the government's financial packages and other assistance, says the chief of the Eastern Economic Corridor Office (EEC Office).

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BUSINESS

Cabinet okays EEC smart city deal

Business, Chatrudee Theparat, Published on 23/03/2022

» The cabinet approved a smart city development on Tuesday, the fifth flagship infrastructure project in the Eastern Economic Corridor (EEC), with investment worth a combined 1.34 trillion baht over 10 years.

BUSINESS

Study trims growth to 3% if crude averages $150

Business, Chatrudee Theparat, Published on 25/03/2022

» Thai economic growth may fall to 3% this year if the Dubai crude oil price averages US$150 per barrel, according to a joint study by the government's planning unit, the Bank of Thailand and the Fiscal Policy Office.

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BUSINESS

Finance minister adamant on Thailand's fiscal stability

Business, Chatrudee Theparat, Published on 25/03/2022

» Finance Minister Arkhom Termpittayapaisith insists Thailand still has enough fiscal stability to support the government to grow the economy despite the double whammy of soaring food and oil prices driven by strong demand and the Russia-Ukraine war.

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BUSINESS

Subsidy on premium diesel revoked

Business, Chatrudee Theparat, Published on 30/03/2022

» The cabinet on Tuesday approved revoking the subsidy on premium diesel used in luxury cars, effective from April, in a move to save on budget expenses.

BUSINESS

State feels existing EEC target can be met

Business, Chatrudee Theparat, Published on 07/03/2022

» The rapid spread of Omicron infections and the escalating Russia-Ukraine conflict are expected to affect the country's investment prospects this year, but the government remains optimistic that investment in its flagship Eastern Economic Corridor (EEC) can reach 2.2 trillion baht over the next five years as projected.

BUSINESS

Think tank recommends metaverse to pace economy

Business, Chatrudee Theparat, Published on 08/03/2022

» The government should pay more attention to metaverse development as a potential technology to help rehabilitate the Thai economy, says the National Economic and Social Development Council (NESDC).

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BUSINESS

State slashes excise tax on fuels used by Egat

Business, Chatrudee Theparat, Published on 09/03/2022

» The cabinet on Tuesday approved cutting the excise tax on diesel and bunker oil used to generate electricity by the Electricity Generating Authority of Thailand (Egat) to zero in a bid to lower electricity bills for six months.

BUSINESS

State vows to expedite EEC projects

Business, Chatrudee Theparat, Published on 10/03/2022

» The government vows to accelerate key investment infrastructure projects in the Eastern Economic Corridor (EEC) and pledges to ensure transparency and fairness to the private sector.