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Tag Archives | Thai Government Policies

BoT warns of populist stimulus

The Bank of Thailand has cautioned against government policy to promote a consumption-led stimulus as it could fuel inflation while failing to lift the country’s economic potential. Prasarn Trairatvorakul, the central bank governor, said the economy was not in need of economic stimulus next year and trends did not warrant it. Intra-regional trade and emerging […]

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PTT expects investment boost from price float

The energy price restructuring approved by the National Energy Policy Council last week, which will see prices gradually floated, will benefit PTT and encourage the company to extend gas pipelines and boost the number of NGV stations to ensure sufficient supply for customers. A source at the Energy Ministry said PTT was expected to post […]

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Government plans radical tax cut overhaul

First-home scheme altered to help poor The government plans a review of the tax system, including possible cuts in personal tax deductions and tax privileges for corporate investors. Finance Minister Thirachai Phuvanatnaranubala yesterday said tax reform is critical for helping the economy to remain competitive. Reform would cover corporate,individual and consumption taxes. The Yingluck Shinawatra […]

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Jakarta to buy elsewhere

Indonesia will seek to buy rice from other countries if Thailand does not honour an earlier agreement to sell the grain, Trade Minister Mari Pangestu said yesterday. The Indonesian ambassador to Thailand and an official from state grain procurement agency Bulog were to discuss the reported cancellation of a proposed government sale of rice to […]

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Car, home schemes may expand

The government is considering expanding the coverage of both first-home and first-car buyers tax programmes. The cabinet is likely to waive the registration and transfer fees for homebuyers while authorising the Government Housing Bank to offer 10 billion baht worth of mortgages with a zero interest rate for 2-3 years for buyers of units priced […]

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Auto-makers look forward to sales boost

Although major auto-makers are expecting increased sales thanks to the government’s first-car buyer scheme, they are also considering adjusting product line-ups in order to avoid price cannibalism among models. Meanwhile, Excise Department director-general Pongpanu Svetarundra yesterday said the cost of the tax rebates on offer under the scheme could exceed Bt30 billion, in which case […]

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Rice pledging plan has full state support

Despite criticism from the industry and academics, the government is moving ahead with rice pledging, with a new national rice policy committee chaired by Prime Minister Yingluck Shinawatra approved by the cabinet yesterday. Deputy Prime Minister and Commerce Minister Kittiratt Na-Ranong said the committee will hold its first meeting this week to discuss the rice […]

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Banks, developers try to overcome transfer hiatus

Property firms are joining with commercial banks to offer special financial packages to overcome the stalled process of transferring finished residences from development projects to buyers. The hiatus began in June when the Pheu Thai Party announced its policy to provide special mortgages with interest-free repayment conditions for the first five years for first-home buyers […]

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Government unveils its populist plans

The Pheu Thai-led government has opened its gift basket wider, promising to raise the salaries of civil servants and government employees, in addition to offering benefits to first-time home and car buyers, with the policies expected to be implemented at the beginning of next year. It is estimated that the salary-related policy will require expenditure […]

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