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Search Result for “supply. over production”

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BUSINESS

Tobacco Monopoly feels the burn from new excise rates

News, Wichit Chantanusornsiri, Published on 05/03/2018

» The state-run Thailand Tobacco Monopoly (TTM) is expecting the first loss, of about 1.5 billion baht, in its 79-year history, following new excise tax rates which it claims have benefitted importers of foreign cigarettes.

BUSINESS

SME Bank aims for 1m clients in 3 years

Business, Wichit Chantanusornsiri, Published on 24/02/2018

» The state-owned Small and Medium Enterprise Development Bank of Thailand (SME Bank) has set an ambitious goal of increasing the number of customers to 1 million within three years.

BUSINESS

Sara tax collection model to cut costs and raise income

Business, Wichit Chantanusornsiri, Published on 21/02/2018

» If the initiative to apply the Semi-Autonomous Revenue Agency (Sara) model to tax-collecting agencies pans out, it will help boost the government's tax revenue and cut management costs, says Somchai Sujjapongse, permanent secretary for finance.

BUSINESS

5% cap proposed in windfall tax bill

Wichit Chantanusornsiri, Published on 19/02/2018

» The new windfall tax will likely be capped at 5% of the increases in land valuations before and after a state project is built in an area, according to a tax official.

BUSINESS

Excise chief soothes fear over tax on duty-free spirits

Wichit Chantanusornsiri, Published on 19/02/2018

» Director-general of the Excise Department Kritsada Jinavijarana has come out to ease the concern among drinkers that they could later be taxed for duty-free spirits.

BUSINESS

BAAC to refuel loan scheme

Business, Wichit Chantanusornsiri, Published on 15/02/2018

» The state-owned Bank for Agricultural and Agricultural Cooperatives (BAAC) plans to offer a new batch of the One Tambon One Farming SME loan scheme worth 50 billion baht after the first 72-billion-baht batch is set to be fully drawn down by next month.

BUSINESS

Ministry aims to buoy 5.3m in poverty

Business, Wichit Chantanusornsiri, Published on 13/02/2018

» The Finance Ministry wants to help all 5.3 million people living below the 30,000-baht-per-year poverty line to cross the threshold by next year, says Somchai Sujjapongse, permanent secretary for finance.

BUSINESS

Attorney-general asks for PTT pipeline delay

Business, Wichit Chantanusornsiri, Published on 12/02/2018

» The Attorney-General’s Office has asked the Supreme Administrative Court to push back the legal execution period for the return of PTT’s natural gas pipeline, which lapsed in December last year amid a legal dispute, says a Finance Ministry source familiar with the matter.

BUSINESS

TCG targets B110bn for SME loan guarantees

Wichit Chantanusornsiri, Published on 10/02/2018

» Thai Credit Guarantee Corporation (TCG) aims to provide loan guarantees to small and medium-sized enterprises (SMEs) worth 110 billion baht this year.

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).