Corruption in Thailand will worsen in the next 12 months unless serious measures are launched to tackle it, says an anti-corruption business alliance. It warned that effective law enforcement is critical in encouraging all stakeholders to address the issue. The coalition comprising 30 state enterprises and private businesses yesterday released results from the first Thailand [...]
Tag Archives | Government
Experts urge fiscal policy response from next govt
Financial experts are not concerned about the impact of capital inflows, as they are confident the domestic financial system is capable of accommodating high liquidity.
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Government scores poorly on economy
Executives say politics is hurting Kingdom Leading businessmen have given the government an average of 5.3 out of 10 for its performance in tackling economic problems over the past year. The finding is based on questions asked by the Thai Chamber of Commerce University of about 1,000 members of provincial chambers of commerce who attended a three-day annual meeting [...]
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Fiscal deficit up Bt251.4b
The government deficit during the first nine months of this fiscal year soared to Bt251.40b due to the massive injection of government spending to stimulate the economy, the Finance Ministry reported on Tuesday. The fiscal deficit was about 2.8% of the country’s gross domestic product, finance spokesman Akeniti Nititanprapas said. (Bangkok Post)
Exporters seek tax cuts for rest of the year
The government has been urged to cut withholding and income taxes applying to exporters as an urgent measure to boost export growth in the remaining months of 2009. The call was made yesterday by exporters themselves, saying that proposed cuts to import duties may be ineffective in bolstering export growth in all sectors. Next week the Commerce Ministry [...]
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Government revises target as July shipments improve
Thailand’s exports rose for the third consecutive month in July, making the government increase its export projection for the year to a contraction of 10-18%. The previous forecast projected exports to shrink by 15-19% YoY. Thai shipments in July increased to US$12.9b, their highest value in seven months, from US$12.33b in June and US$11.65b in May. The export decline [...]
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Investment budget trimmed
The cabinet yesterday reduced the investment budget to Bt1.06t from Bt1.4t for programmes intended to revive the economy over the next three years. Of the revised total, Bt824.2b will be spent by the government and Bt239.5b by state agencies and enterprises. About Bt27b would be spent in the current fiscal year ending Sept 30 and the rest in [...]
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Ministry land bill takes aim at foreigners
The Agriculture and Cooperatives Ministry is drafting a bill to protect rice paddies from a feared massive land grab by foreigners. The draft law will be the first to fully protect farmland, deputy permanent secretary for agriculture Thawatchai Samrongwattana said. (Bangkok Post)
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59 billion Baht in EIA-approved projects to get go-ahead
Authorities today are expected to approve Bt59b worth of investment projects that have been delayed pending clarification of environmental regulations. A total of 55 projects had received approval of their environmental impact assessment (EIA) reports, but questions subsequently arose over the interpretation of regulations under Section 67 of the 2007 Constitution. (Bangkok Post)
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“Strong Thailand” project details on government website
The Finance Ministry will launch a website (www.tkk.com) to reveal details of investment projects under the “Strong Thailand” economic stimulus package, Finance Minister Korn Chatikavanij said yesterday. (The Nation)
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