PM orders government sector to create online data platform accessible by public BANGKOK (NNT) – The Prime Minister has ordered government agencies to create an online platform, collecting government’s missions, services and other works that are beneficial and can be accessed by citizens. Government Deputy Spokesperson Traisulee Traisaranakul revealed that Prime Minister General Prayut Chan-O-Cha…
Most People Support Government’s Travel Incentive Measures BANGKOK (NNT) – A survey by Suan Dusit Rajabhat University, or Suan Dusit Poll has found that a majority of people agree with the government’s measures to stimulate domestic travel and the economy. According to the poll conducted online on March 29-April 1 on 1,265 people throughout the…
Government Will Maintain Vat Rate at 7% BANGKOK (NNT) – The government has no plan to hike the value-added tax (VAT) in order to achieve the gross domestic product growth target this year of 4 per cent. Government Spokesman Anucha Buraphachaisri said Thailand had set the VAT rate at 10 per cent under the Revenue Code…
BoT Will Launch Retail CBDC to Secure Financial Services BANGKOK (NNT) – The Bank of Thailand (BoT) will launch the Retail Central Bank Digital Currency (CBDC) by the second quarter next year to provide Thais with access to more convenient and secure financial services. BoT assistant governor Vachira Arromdee said the development of a Retail CBDC…
BMA Will Hold Shopping Fair to Promote Local Products during Songkran BANGKOK (NNT) – The Bangkok Metropolitan Administration (BMA) will hold a shopping fair to promote local products from 50 districts of Bangkok at Ong Ang Canal in Phra Nakhon district during Songkran from April 9-14, 4-11pm. BMA’s deputy permanent secretary Wanlaya Wattanarat said more than…
Thailand: Chao Phraya River As A Local Potential For Economic And Human Security – OpEd The most important aspect of human security is economic. Moreover, after the end of cold war, the focus of countries in the world is not about increasing military power to deal with threats from other countries, but instead on how…
Thai businesses affected by political conflict in Myanmar to receive monetary aids The Commerce Ministry is planning to help Thai businesses in Myanmar as the prolonged political conflict is affecting their liquidity, productivity and goods transport. Commerce Ministry Permanent Secretary Boonyarit Kalayanamit said Thai businessmen are bearing the impact as many of them are facing…
BoT urged to keep credit card measure The credit card club of the Thai Bankers’ Association has proposed the central bank maintain a minimum debt payment measure for credit cards to help alleviate the financial burden on consumers during the country’s uneven economic recovery. Atis Ruchirawat, managing director of General Card Services Ltd, which runs…
Higher Spending Supports Economic Recovery in February BANGKOK (NNT) – The Bank of Thailand (BoT) has reported that the economy gradually recovered in February, mainly supported by higher private consumption and a slower spread of Covid-19. BoT’s senior director of the economic and policy department Chayawadee Chai-Anant said higher private consumption is largely due to improvement…
Lessons from the 1997 economic crisis Today is April Fools’ day. But there is no fooling about the threat of liquidity crisis. I am sure that many readers are sceptical about the possibility of a liquidity crunch in this country. First, the government debt to GDP ratio is less than 60% which is not high…