Showing 421 - 430 of 489
Savvy excise tax hike going up in smoke
News, Wichit Chantanusornsiri, Published on 06/09/2018
» I have a strong reason to oppose the recent decision by the Finance Ministry to delay an increase in excise tax on cigarettes for another two years, from next year to October 2021. The delay doesn't spell good news for the state coffers, which is one consideration. Another concern is that it would deal a harsh blow to the state's efforts to discourage young smokers.
Impounded luxury car bid held up by Land Transport Department
Business, Wichit Chantanusornsiri, Published on 05/09/2018
» The Customs Department has halted its plan to put seized luxury cars under the hammer this fiscal year, forgoing an estimated 500 million baht in revenue, following the Land Transport Department's refusal to register such vehicles.
THAI updates strategic plan to exit rehab
Business, Wichit Chantanusornsiri, Published on 01/09/2018
» Thai Airways International Plc (THAI) will propose a revised turnaround plan for the flag carrier to the State Enterprises Policy Commission on Sept 12.
Thai Airways sets conditions for cash injection into Nok Air
Wichit Chantanusornsiri, Published on 31/08/2018
» Thai Airways International has demanded Nok Air come up with a clear business roadmap before throwing another lifeline to save the no-frills carrier.
Cigarette tax hike likely pushed to 2021
Business, Wichit Chantanusornsiri, Published on 28/08/2018
» The Finance Ministry has informally delayed doubling the excise tax on cigarettes to 40% for another two years to October 2021, claiming the higher levy will be a heavy blow to state-run Thailand Tobacco Monopoly's (TTM) sales revenue, and impede on its plan to buy tobacco from local farmers.
Neda turns to bonds under restructuring
Business, Wichit Chantanusornsiri, Published on 28/08/2018
» The Neighbouring Countries Economic Development Cooperation Agency (Neda) is about to allocate its first bonds to institutional investors this year, worth 1.1 billion baht, as part of its plan to restructure its borrowing to fixed rates with longer terms.
PromptPay transfer ceiling jumps to B2m from B5,000
Wichit Chantanusornsiri, Published on 27/08/2018
» The National e-Payment Committee will gradually increase the ceiling of free money transfers through PromptPay to 2 million baht from 5,000 baht in the future, Finance Minister Apisak Tantivorawong said on Monday.
GH Bank backs state housing
Business, Wichit Chantanusornsiri, Published on 27/08/2018
» State-owned GH Bank's board has approved a 60-billion-baht loan allotment for the imminent 1-million-unit low-cost housing project to comply with the government's policy to encourage low-income earners, the elderly and first-time workers to own homes.
SME Bank seeks to unload B10bn in NPLs
Business, Wichit Chantanusornsiri, Published on 25/08/2018
» The state-owned Small and Medium Enterprise Development Bank of Thailand (SME Bank) aims to dispose of 10 billion baht worth of bad loans this year, hoping to lower its non-performing loan (NPL) ratio to 10% at most.
Bill drafted for social enterprise profits
Business, Wichit Chantanusornsiri, Published on 23/08/2018
» A draft bill on social enterprises requires each social enterprise to reinvest at least 70% of profits into social activities, says a Finance Ministry source.