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6 months VAT Free Zone considered to help rally-affected entrepreneurs

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“Vat Free Zone” marketing strategy is recommended to be adopted for six months by the rally-affected entrepreneurs in a bid to commercially alleviate their business situation after the United Front of Democracy against Dictatorship (UDD) protestors ended their long-time rally.

Ms Chadatip Chutrakul, CEO of Siam Piwat disclosed that the rally-affected business operators around Ratchaprasong junction had initiated the optional marketing strategy namely “VAT Free Zone” and proposed to Secretary-General to the Prime Minister, Korbsak Sabhavasu for taking it into account with hopes of being utilized to secure their current business situation.

via “VAT Free Zone” urged to be adopted by rally-affected entrepreneurs : National News Bureau of Thailand.

Banking

Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures

The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.

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BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

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Economics

Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)

According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of GDP, the government would need to borrow 700 billion baht to offset the deficit.

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BANGKOK (NNT) – The Budget Bureau notes that the Thai government plans to increase its investment budget by 90 billion baht in the fiscal year 2022, in compliance with a law related to state financial and fiscal discipline.

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