Household debt remained on the rise in the second quarter, but slowed from the previous quarter, thanks largely to the weaker economy, says the state planning unit, the National Economic and Social Development Council (NESDC). On Monday, the NESDC reported the country’s household debt in the second quarter amounted to 13.1 trillion baht, up by […]
Read MoreThai millennials’ spending on ‘must-have items’ amounts to 1.37 trillion baht a year, representing 13% of the country’s GDP, and half of them owe debts, while one-fifth of debtors have defaulted, according to TMB Analytics. Gen Y, those born in 1981-96, total 14.4 million people in Thailand and 7.2 million of them are indebted, said […]
Read MoreEconomists foresee further cuts in Thailand’s policy interest rate next year — but not next month — after the central bank governor said policy makers are prepared to act if economic growth worsens, though will avoid taking interest rates below zero. “In the short term, we are ready to use monetary policy if needed,” Governor […]
Read MoreThai people have reduced their spending to survive the country’s economic difficulties, a belt-tightening exacerbated by political and social fears, according to the result of a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll. The poll was conducted on 1,174 people throughout the country from Nov 19-23. Asked how they have saved money, […]
Read MoreThe government has set aside 70 billion baht to shore up paddy prices, as the annual harvest is scheduled to flood the market this month. Whichai Phochanakij, director-general of the Internal Trade Department, said the latest meeting of the subcommittee handling national rice policy and management chaired by Commerce Minister Jurin Laksanawisit last week approved […]
Read MoreThe Excise Department will devise a method to refund overpaid taxes to oil exporters in a manner that stems leakages, its chief says. The change in the tax refund practice will use blockchain, which the department plans to adopt by the middle of next year, said director-general Patchara Anuntasilpa. The blockchain-based tax payback system requires […]
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