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Finance Minister Arkhom Termpittayapaisith has expressed concerns over how a continuous drop in tax revenue collection will affect fiscal policy conduct in the long run.As the government aims to implement a long-term fiscal expansionary policy framework, the lower revenue collection as a percentage of GDP ...

The government is establishing an 8.8-billion-baht fund for human resources development in higher education, focusing on advanced technology.The Higher Education, Science, Research and Innovation Policy Council chaired by Deputy Prime Minister Don Pramudwinai last Thursday approved the establishment of the fund, mainly to supply targeted ...

The World Bank estimates the global population to reach 8.5 billion by 2030 with two-thirds of this number living in cities. From that, an estimated 90 million people will move to cities in the Southeast Asian region. This means that urban dwellers would reflect 45 percent ...

The Government Gazette announced on Saturday an amendment to Criminal Code sections 301 and 305, which would make it possible for women to terminate their pregnancy of up to 12 weeks.The amended law reads:Section 301: A woman who aborts a foetus that is older than ...

The Commerce Ministry is scheduled to propose to parliament on Tuesday the ratification of the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world’s biggest free trade deal, signed by 15 nations in Asia-Pacific including Thailand last November.Sansern Samalapa, commerce vice-minister, said the ministry expects ...

The government aims to accelerate the country’s R&D spending to 2.2% of GDP in seven years to improve economic development and reduce social disparity in the face of future uncertainty.“We are on a roadmap to become an innovation country as we are scaling up efforts ...

A civic group protested in front of the Natural Resources and Environment Ministry building on Friday as part of a campaign to pressure the government to resettle ethnic Karen villagers displaced from the Kaeng Krachan National Park in Phetchaburi over a decade ago.Twenty activists and ...

The consumer price index (CPI), a gauge of headline inflation, fell 0.34% year-on-year last month, marking the 11th straight monthly decline since March 2020.According to Pimchanok Pitfield, director-general of the Trade Policy and Strategy Office, major contributions came from low energy prices (down 4.82%) from ...

The Finance Ministry is preparing to reconsider the eligibility criteria for receiving financial aid under the Rao Chana (We Win) scheme, which stipulates recipients should have a taxable income of no more than 300,000 baht per year.Approved in January, the We Win scheme aims to ...

Thailand is implementing the “seal and bubble” strategy to curb the spread of COVID-19 in factories in Samut Sakhon, the epicentre of the latest outbreak in the kingdom.Ministry of Foreign Affairs deputy spokesman Natapanu Nopakun said for factories providing on-site accommodation for their workers, the ...