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LIFE

Merchants slow to adopt EDC systems

Business, Wichit Chantanusornsiri, Published on 02/02/2018

» The Finance Ministry will encourage merchants to install swiping devices for credit and debit cards after the number of merchants equipped with point-of-sale terminals under the national e-payment scheme was found to be 140,000, still far below the target of 560,000.

LIFE

Cryptocurrencies committee to outline stance this month

Business, Wichit Chantanusornsiri, Published on 02/02/2018

» A working committee on cryptocurrencies is expected to clarify its stance on how to regulate digital currencies by this month, aiming to guard against fraud from investment in the tokens.

BUSINESS

Car scheme breach probed

Business, Wichit Chantanusornsiri, Published on 03/02/2018

» The Excise Department has found that a mere 52 owners who bought cars under the first-time car buyer scheme breached the conditions, says the Office of the Auditor-General (OAG).

BUSINESS

IBank hopeful of partnership

Business, Wichit Chantanusornsiri, Published on 03/02/2018

» Vitai Ratanakorn, acting president of state-owned Islamic Bank of Thailand (IBank), has voiced confidence that the ongoing search for a partner will be concluded soon, even though the bank's attempts to strike a deal have failed twice.

LIFE

State agencies to adopt cashless systems

Business, Wichit Chantanusornsiri, Published on 03/02/2018

» All state agencies will be required to make and receive payments through the electronic system from March 27, a crucial step in transforming Thailand into a less cash-reliant economy.

BUSINESS

Apisak says recovery is gaining steam

Business, Wichit Chantanusornsiri, Published on 05/02/2018

» The Thai economy may have already seen the nadir of its potential growth rate, suggesting that the recovery is gaining speed, says Finance Minister Apisak Tantivorawong.

BUSINESS

REIC: Land prices along MRT soar

Business, Wichit Chantanusornsiri, Published on 06/02/2018

» Undeveloped land along the MRT network saw the biggest price increase over the past five years, among those along electric train routes, reported the Real Estate Information Center (REIC).

BUSINESS

Revenue Department targets more refunds

Business, Wichit Chantanusornsiri, Published on 06/02/2018

» The Revenue Department expects the number of individual taxpayers who receive tax refunds for the 2017 tax year will be 25% higher than 2016 at 4 million, thanks to the larger number of standard deductions and allowances and the widened income band of the 30% tax bracket and the top rate.

BUSINESS

Apisak says digital coins will remain legal

Business, Wichit Chantanusornsiri, Published on 08/02/2018

» The government will not ban cryptocurrency trading, says Finance Minister Apisak Tantivorawong, but a regulatory framework to govern digital currencies will become clearer within a month.

BUSINESS

PDMO plans B99bn in loans

Business, Wichit Chantanusornsiri, Published on 09/02/2018

» The Public Debt Management Office (PDMO) plans to take out loans worth 98.6 billion baht this fiscal year to finance the government's big-ticket infrastructure plans, its head says.