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OPINION

Act now on ageing society before it's too late

News, Wichit Chantanusornsiri, Published on 05/07/2018

» In the next three years, people aged over 60 in Thailand will account for 13.8 million, or 20% of the population. This means in a group of five, there will be one elderly person. In demographic science, a country where 20% of its people are aged 60 years old or higher is categorised as an ageing society.

THAILAND

Budget delay blamed for slow public investment

Wichit Chantanusornsiri, Published on 02/10/2024

» The government under-invested in the previous fiscal year because the budget was passed so late, according to the Comptroller General’s Department (CGD).

BUSINESS

PDMO to unveil amortised bond for elderly

Business, Wichit Chantanusornsiri, Published on 30/11/2019

» The Public Debt Management Office (PDMO) will offer its first amortised bond worth 5 billion baht to the elderly in late December to widen investment choices for retirees.

BUSINESS

BAAC poll finds farmers are happier

Business, Wichit Chantanusornsiri, Published on 26/12/2018

» Farmer happiness late this year rose 2.37% year-on-year to 82.6%, a level considered very happy, with those living in the eastern region ranking the happiest, according to the Bank for Agriculture and Agricultural Cooperatives' (BAAC) poll.

BUSINESS

Single account scheme attracts 24,000 SMEs

Business, Wichit Chantanusornsiri, Published on 01/05/2019

» Some 24,000 small and medium-sized enterprises (SMEs) have already signed up to sort out their financial accounts from 2016-17, meeting standards to avoid late payment penalties and criminal liability, says the chief of the Revenue Department.

THAILAND

GLO to sell lotto ticket bundles

News, Wichit Chantanusornsiri, Published on 08/05/2018

» Bundles of five lottery tickets are set to be distributed by the Government Lottery Office (GLO) late this year in a bid to tackle inflated prices that have cost bet-makers across the country an additional 40 billion baht a year in total.

BUSINESS

Coins in circulation poised to decline by up to 40%

Business, Wichit Chantanusornsiri, Published on 15/09/2020

» The amount of coins in circulation is expected to decline by 30-40% in five years because of the increase in cashless transactions, says the Treasury Department.

BUSINESS

Recalculation leads to dip in Student Loan Fund's debt

Business, Wichit Chantanusornsiri, Published on 20/07/2024

» A new method for calculating debt has resulted in a reduction of the Student Loan Fund's (SLF) debts by 56 billion baht, according to the Finance Ministry.

BUSINESS

FPO: Export drop of 0.9%-plus spells doom for 3% GDP growth

Business, Wichit Chantanusornsiri, Published on 27/09/2019

» This year's export contraction must not exceed 0.9% if Thailand's GDP growth is to reach 3%, says the Finance Ministry's Fiscal Policy Office (FPO).

BUSINESS

Stimulus package en route to cabinet

Business, Wichit Chantanusornsiri, Published on 26/10/2018

» A tourism stimulus package, expected to include visa-fee exemptions for some countries and improved safety and security, will soon go before the cabinet so that the measures can be effective from next month.