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BUSINESS

State firms plan outlay of B300bn in 2021

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

» State-owned enterprises (SOEs) are expected to disburse around 300 billion baht from a total investment budget for fiscal 2021 worth 307 billion, says the State Enterprise Policy Office (Sepo).

BUSINESS

Exim proposing airline aid

Business, Wichit Chantanusornsiri, Published on 28/01/2021

» The Export-Import Bank of Thailand (Exim Bank) plans to propose a loan measure to the Finance Ministry early next month, aiming to beef up liquidity for crippled airlines to retain employees.

THAILAND

Co-payment scheme may be extended

News, Wichit Chantanusornsiri, Published on 14/01/2021

» The Finance Ministry is looking at the possibility of rolling out a third phase of the "Khon La Khrueng" co-payment subsidy scheme which has been welcomed by consumers and small-scale traders.

BUSINESS

Relief rate deliberated

Business, Wichit Chantanusornsiri, Published on 07/01/2021

» The Finance Ministry is considering extending reduced liability for the land and building tax by another year to lower taxpayers' financial burdens.

BUSINESS

Credit insurance claims at Exim rise as payment halts

Business, Wichit Chantanusornsiri, Published on 21/11/2020

» Credit insurance claims for the Export-Import Bank of Thailand (Exim Bank) rose to 75% of the insured amount in the third quarter as the pandemic caused overseas customers to delay payment for goods.

BUSINESS

Maximum drawdown for BoT soft loans falls short

Business, Wichit Chantanusornsiri, Published on 16/10/2020

» The maximum drawdown for the Bank of Thailand's soft loans, set at 20% of each bank's loans outstanding as of year-end 2019, could be too little for some customers, says a bank executive.

BUSINESS

Employment key to reopening economy

Business, Wichit Chantanusornsiri, Published on 15/10/2020

» Finance Minister Arkhom Termpittayapaisith has instructed ministry departments to devise measures to tackle unemployment and propel the economic recovery in preparation for a full reopening of Thailand's economy.

BUSINESS

BoT soft loans flounder on interest woes

Business, Wichit Chantanusornsiri, Published on 28/09/2020

» An interest rate incompatible with banks' financial costs is the main reason the Bank of Thailand's soft loan programme has floundered, according to a source at a state-owned financial institution.

BUSINESS

Fiscal 2021 disbursement faces one-month delay

Business, Wichit Chantanusornsiri, Published on 16/09/2020

» Disbursement of fiscal 2021 budget is expected to be deferred by only a month and will not affect public investment, says finance permanent secretary Prasong Poontaneat.

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.