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 [...]
Tag Archives | Thai Government Policies
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 [...]
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 [...]
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 [...]
Fetco submits 7 proposals to Government
In a statement, it said that the global economic condition is in stark contrast to the first half when political parties unveiled their policies for the July 3 election. Among the proposals, it urged the government to set up a facility to shore up the market which plunges over 9 per cent today. As exports [...]
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 [...]
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 [...]
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 [...]
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 [...]
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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Featured Posts on Thaivest Thai Stocks, Trade & Investment Research.
Betagro aims for market leadership
Betagro Group has set itself an aggressive goal to become the pork-export leader through its five-year business plan to achieve ... ∞
Betagro Group has set itself an aggressive goal to become the pork-export leader through its five-year business plan to achieve ... ∞
Expansion ahead for Major Cineplex
Chairman Vicha Poolvaraluck said 26 of the screens would be developed at the Mega Bangna shopping complex in Bang Na ... ∞
Chairman Vicha Poolvaraluck said 26 of the screens would be developed at the Mega Bangna shopping complex in Bang Na ... ∞
Jay Mart dialling up growth in three markets
Jay Mart Plc was established on Dec 27, 1988 with registered capital of 2 million baht, initially selling electrical appliances ... ∞
Jay Mart Plc was established on Dec 27, 1988 with registered capital of 2 million baht, initially selling electrical appliances ... ∞
IVL supported by strong sales volumes
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Indorama Ventures Plc is expected to show strong sales volume next year, with contributions from its 5 acquisitions made in ... ∞
Saving remaining estates
The Kingdom's most powerful private-sector organisation has called for the government to protect the remaining industrial estates in the eastern ... ∞
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svend: I wonder why the Thai market doesn't follow the t...
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Manfred Miller: Same story, year after year, how about a proper ir...
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Stephen Gold: All this rise in gold prices seems to be fear driv...
