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UNBELIEVABLE: 2 - The Untold Story

The government set an ambitious goal to achieve a balanced budget in 10 years, even though several obstacles still remain.

Bangkok Post

Levy on share sales at risk from Fetco opposition

The imposition of the financial transaction tax on share sales by individual investors might be delayed because of opposition from the Federation of Thai Capital Market Organizations (Fetco), says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Megaprojects, tourism to propel growth, Arkhom says

A slew of billion-dollar infrastructure projects and an upswing in tourism will fuel Thailand’s expansion this year, shielding the economy from weaker exports and any possible delay in the budget approval due to elections, according to Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

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Economy to grow 3.8% this year, inflation to ebb: Arkhom

Thailand's economy is expected to grow 3.8% this year, helped by a rebound in the vital tourism sector, while inflation should cool to its target range, the finance minister said on Saturday.

Bangkok Post

Inflation slowing, no need for big rate hikes - central bank

Thailand's inflation will likely slow down this year and there is no need for the central bank to raise interest rates aggressively like other countries, Bank of Thailand (BoT) deputy governor Mathee Supapongse said on Wednesday.

Bangkok Post

Pace of monetary tightening 'reasonable': Finance Minister Arkhom

Thailand's economy could grow faster than forecast this year as a revival in tourism quickens, while the pace of monetary tightening to stave off inflationary pressures remained "reasonable", the country's finance minister said on Monday.

Bangkok Post

Baht strength a risk to economy: Finance Minister Arkhom

The strengthening of the baht is a risk to Thailand's economy at the moment as it reduces export volumes, the finance minister said on Friday.

Bangkok Post

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Many workers ill-prepared for old age

Finance Minister Arkhom Termpittayapaisith is concerned that more than 16 million informal workers have yet to participate in any savings scheme to prepare for life during retirement, even though Thailand is expected to become an aged society in the next two years.

Bangkok Post

State NSF offerings to rise by B2bn

The government is expected to spend between 1.8 billion and 2 billion baht per year on higher contributions to National Savings Fund (NSF) members, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Arkhom targets balanced budget with tax reforms

The Finance Ministry aims to achieve a balanced budget in a decade by improving its tax collection efficiency and expanding the tax base, says Minister Arkhom Termpittayapaisith.

Bangkok Post

Baht boosted by foreign investors

The stronger baht is the result of foreign investors' confidence in Thailand, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

State key to stimulating expansion

The acceleration of state investment in 2023 should provide a tailwind to propel economic growth momentum, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

End of share sales tax waiver

The end of the waiver for the financial transaction tax on stock sales is scheduled to take effect in 2023, increasing the country's revenue as part of a tax system overhaul.

Bangkok Post

Long arm of the law affects all

With the economy on a recovery path, 2022 offered a roadmap for various industries to grow and cash in on near-term opportunities. For some sectors, a lack of supervision stymied potential development. As new rules are imposed and others expire, businesses and individuals need to adapt because the government is…

Bangkok Post

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Bangkok Post

Fiscal policy plans endorsed by cabinet

The cabinet yesterday approved the medium-term fiscal policy for fiscal 2024-2027, with the aim of achieving a significant reduction in the budget deficit in 2024 to ensure fiscal stability.

Bangkok Post

New Year govt gift bonanza

The government will roll out a package of stimulus measures as "New Year gifts", including tax rebates for shoppers, reductions in land and building taxes, and property transaction fees to boost public consumption and the economy over the coming year.

Bangkok Post

Lower public debt on the cards

Thailand's fiscal status is improving thanks to a gradual economic recovery following the pandemic, which may prompt the government to lower the ceiling of the public debt-to-GDP ratio from the current 70%, according to the Public Debt Management Office (PDMO).

Bangkok Post

World Bank eyes slower Thai growth

The Thai economy is projected to recover faster than expected this year, but will face slower growth in 2023 because of global headwinds, according to the World Bank.

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Bangkok Post

Economy can withstand global risks, says finance minister

The Thai economy is still on the recovery path and should grow 3.4% in 2022 and 3.8% next year, supported by a rebound in the vital tourism sector, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

Bangkok Post

10m foreign tourist target nears

The economy remains firmly on a path towards economic recovery despite growing uncertainties from inflation, geopolitical risks and a potential global recession next year, the finance minister said on Wednesday.

Bangkok Post

Economy firmly on recovery path, Arkhom tells Bangkok Post forum

The economy remains firmly on the path to recovery despite global uncertainty, and further interest rate hikes will be gradual to ensure that recovery continues, the finance minister said on Wednesday.

Bangkok Post

Govt defends ending SET shares tax waiver

The government has defended its decision to impose taxes on the Stock Exchange of Thailand's (SET) share sales, insisting it was a well-thought-out plan, while denying it is making an exception for big traders.

Bangkok Post

Most institutional investors must pay stock tax, says govt spokesman

Most institutional investors in Thailand will not be exempted from a tax levied on stock transactions that will resume next year after more than three decades, authorities said.

Bangkok Post

Arkhom defends imposition of tax on SET share sales

The end of the waiver of the financial transaction tax will not affect stock trading, but should ensure fairness in the tax system, according to Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Finance minister defends tax on share sales

The reimposition of a financial transaction tax on share sales in the local stock market will create fairness in tax collection and reduce inequality, and should not have a big impact on the market, Finance Minister Arkhom Termpittayapaisith said on Friday.

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Arkhom Termpittayapaisith

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