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THAILAND

13.45m people apply for welfare

Business, Wichit Chantanusornsiri, Published on 16/05/2017

» The number of registrants for the government's welfare and subsidy scheme for the impoverished through the national e-payment system in this year's round surged by 50% year-on-year, says Pornchai Thiraveja, an adviser to the Fiscal Policy Office.

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BUSINESS

60,000 students to screen welfare seekers

Business, Wichit Chantanusornsiri, Published on 19/05/2017

» The Finance Ministry will hire 60,000 students across the country to recheck the information provided by the 14.1 million people who signed up for the government welfare and subsidy for the poor.

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BUSINESS

Survey: Low-income folks downbeat

Business, Wichit Chantanusornsiri, Published on 18/05/2017

» Grassroots confidence deteriorated in the first quarter as people felt the economy was stagnant, according to the Government Savings Bank's (GSB) latest survey.

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BUSINESS

GH Bank mulls even cheaper loans

Business, Wichit Chantanusornsiri, Published on 17/05/2017

» The state-owned GH Bank is poised to launch the country's lowest mortgage rate of below 3% for three years, a move in line with the government's policy to help people own their own home.

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BUSINESS

Budget spending passes target by 2%

Business, Wichit Chantanusornsiri, Published on 17/05/2017

» Budget disbursement surpassed the target by almost 2% for the seven months to April, adding to signs that the withdrawal rate will meet this fiscal year's target of 92.9%.

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BUSINESS

GSB, GH Bank to cut rates

Business, Wichit Chantanusornsiri, Published on 20/05/2017

» Two state-owned banks -- Government Savings Bank (GSB) and GH Bank -- will trim their lending rates in a range of 10-25 basis points, following in the footsteps of the country's four largest commercial banks.

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BUSINESS

State enterprise spending rises

Business, Wichit Chantanusornsiri, Published on 20/05/2017

» State enterprises managed to draw down 82 billion baht worth of investment for the seven months to April, helping spur the country's economic momentum.

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BUSINESS

VAT hike idea shot down

Business, Wichit Chantanusornsiri, Published on 20/05/2017

» The Finance Ministry has brushed aside a National Legislative Assembly (NLA) proposal to raise the value-added tax (VAT) by one percentage point, saying a hike would be inappropriate in the current economic climate.

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THAILAND

Extra tax perks mulled for having more kids

Business, Wichit Chantanusornsiri, Published on 22/05/2017

» The Finance Ministry is considering additional tax incentives to encourage people to have more children as Thailand becomes an ageing society, according to a source familiar with the matter.

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THAILAND

GSB hawks low-interest loans to street food vendors

Business, Wichit Chantanusornsiri, Published on 26/05/2017

» The state-owned Government Savings Bank (GSB) is set to extend 3 billion baht in soft loans to 10,000 street food vendors to help them with improvements.