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BUSINESS

GH Bank issues promise to restrict interest rate hikes

Business, Wichit Chantanusornsiri, Published on 24/06/2022

» State-run Government Housing Bank (GH Bank) vows it will not rush to raise interest rates immediately if the Bank of Thailand increases the policy rate, says bank president Chatchai Sirilai.

BUSINESS

Arkhom recommends gradual rate hikes

Business, Wichit Chantanusornsiri, Published on 22/06/2022

» Finance Minister Arkhom Termpittayapaisith asked the Bank of Thailand to discuss with commercial banks whether they can raise their interest rates on a gradual basis in the event the central bank decides to raise its policy rate.

BUSINESS

Moody's affirms 'resilient' economy

Business, Wichit Chantanusornsiri, Published on 09/04/2022

» Moody's Investors Service has affirmed Thailand's credit rating and maintained its outlook at stable, says Patricia Mongkhonvanit, director-general of the Public Debt Management Office.

BUSINESS

Land and building tax discount in effect for 2022

Business, Wichit Chantanusornsiri, Published on 04/04/2022

» The land and building tax is still offering a payment discount this year according to the law passed to ease the burden on landowners, says Finance Minister Arkhom Termpittayapaisith.

BUSINESS

Ministry nixes land and building tax cut

Business, Wichit Chantanusornsiri, Published on 17/01/2022

» The Finance Ministry will not consider this year extending the period of the land and building tax reduction because of the fiscal burden, says Finance Minister Arkhom Termpittayapaisith.

BUSINESS

TCG aims to expand level of soft loan guarantee

Business, Wichit Chantanusornsiri, Published on 20/08/2021

» Thai Credit Guarantee Corporation (TCG) wants to expand its guarantees for the Bank of Thailand's soft loan scheme by an additional 100 billion baht as the first guaranteed amount of 100 billion baht is nearing the ceiling.

BUSINESS

Treasury takes another swing at golf course bids

Business, Wichit Chantanusornsiri, Published on 15/07/2021

» The Treasury Department is renewing the invitation process today for interested companies to again bid to renovate and manage Bangpra International Golf Club in Chon Buri province in eastern Thailand.

BUSINESS

State urged to rethink fiscal framework

Business, Wichit Chantanusornsiri, Published on 26/04/2021

» Given the economic turbulence brought about by the pandemic, the government may need to rethink its fiscal sustainability framework, which caps public debt at 60% of GDP, says the Public Debt Management Office (PDMO).

BUSINESS

GSB: 3% growth this year likely

Business, Wichit Chantanusornsiri, Published on 12/04/2021

» State-owned Government Savings Bank (GSB) forecasts the country's economic expansion may fare better than expected, driven by the reopening to foreign tourists.

BUSINESS

Soft loans tweaked for SME access

Business, Wichit Chantanusornsiri, Published on 03/02/2021

» The Finance Ministry is preparing to amend the soft loan decree to allow greater low-interest loan access for small and medium-sized enterprises (SMEs).