The Cabinet on Tuesday halved both employers’ and employees’ social security contributions from September to November. The aim is to alleviate the financial burden of business owners and their employees during the Covid-19 situation,” Labour Minister Suchart Chomklin said on Wednesday. “Monthly employee contributions under Article 39 of the Social Security Act will be cut […]
Read MoreThe government has decided to raise the ceiling of the public debt-to-GDP ratio from 60% to 70% which will allow further borrowing to rehabilitate the economy battered by Covid-19. The decision was made by the State Monetary and Fiscal Policy Committee chaired by Prime Minister Prayut Chan-o-cha on Monday. The committee is made up of […]
Read MoreThe ceiling price of homes under the government’s mortgage loan scheme should be higher to help both local homebuyers and the property market in eastern provinces, while foreign ownership quotas for condos should be raised to boost demand from overseas. Meesak Chunharuckchot, president of the Chonburi Real Estate Association, said the ceiling price of 1.2 […]
Read MoreThe Finance Ministry will pump additional money into the economic system in the fourth quarter to further improve the flagging economy amid the prolonged Covid-19 pandemic, said director-general of the Fiscal Policy Office (FPO), Kulaya Tantitemit. Ms Kulaya said the fresh money to be injected in the fourth quarter might be higher than that previously […]
Read MoreThe Office of National Digital Economy and Society Commission (ONDE) has signed a memorandum of understanding (MoU) with six digital related agencies to support them to create their own proficient databases and exchange information with other organisations for analysis to drive the country forward. The data exchange cooperation comes under Thailand’s outlook project, which is […]
Read MoreThe Department of Trade Negotiations (DTN) said on Monday that Thailand is reevaluating the pros and cons of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) free trade agreement after China signed the pact last week. Auramon Supthaweethum, the department’s director-general, said the market size of CPTPP is now bigger than it was when it only […]
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