Government

Thailand will sell 55 billion baht of government savings bonds next month to help finance a budget deficit, a Finance Ministry official said on Monday.The 5-year and 10-year bonds will be offered to the public with yearly average coupon of 2.9% and 3.6% respectively, said ...

The government is advised to speed up state expenditure in fiscal 2022 to lift the economy, which is trapped by rising energy prices and the impact of persistent Covid-19 outbreaks.Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the Russia-Ukraine crisis ...

With most of the government’s debt portfolio dominated by long-term bonds with fixed interest rates, there is less risk from the trend of rising interest rates globally, according to the Public Debt Management Office (PDMO).PDMO director-general Patricia Mongkhonvanit admitted rising interest rates globally could eventually ...

The government is planning a fiscal 2023 budget worth 3.185 trillion baht, with a deficit of 695 billion baht for the fiscal year, which starts next October.According to Chalermphol Pensoot, director of the Budget Bureau, the budget was approved at yesterday’s meeting between Prime Minister ...

The Comptroller-General’s Department plans to accelerate state spending in fiscal 2022 to meet spending targets because it is a key tool to drive economic growth, says director-general Kulaya Tantitemit.The department expects to present the state budget disbursement plan for fiscal 2022 for cabinet approval soon.According ...

The Public Debt Management Office (PDMO) is expected to issue another batch of government savings bonds, worth 70 billion baht, in the second quarter of next year to satisfy high demand, says director-general Patricia Mongkhonvanit.The PDMO plans to offer total savings bonds worth 150 billion ...

The cabinet on Monday approved a draft decree to regulate digital platform service businesses to maintain financial and commercial stability and to prevent damage to the public, government spokesman Thanakorn Wangboonkongchana said.Such businesses, both in and outside of Thailand, will need to notify the government ...

Thailand has agreed to open a new border crossing with Cambodia to boost trade, Commerce Minister Jurin Laksanawisit said on Wednesday.The crossing at the newly constructed Nong Ian-Stung Bot-Ban Friendship Bridge in Sa Kaeo province will be opened early as Thailand has yet to complete ...

The Cabinet on Tuesday approved fresh borrowing of 1.344 trillion baht for the new fiscal year, which starts next month.The new borrowing comes under the Cabinet-approved debt management plan. The plan includes 1.5 trillion baht already borrowed by the government plus a 2022 repayment plan ...

Thailand will enforce the e-service tax law from Wednesday, following in the footsteps of more than 60 countries around the globe which collect value-added tax (VAT) from foreign e-service operators reaping income in their territories.These countries, including Australia, New Zealand, Japan, Taiwan and South Korea, ...