Bangkok Post
Blockchain in the works for oil exports
The 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 ...
Wichit Chantanusornsiri
Bank of Thailand may cut rate again in 2020: economists
Economists foresee further cuts in Thailand’s policy interest rate next year — but not next month — after the central bank governor said policymakers are prepared to act if economic growth worsens, though will avoid taking interest rates below zero.“In the short term, we are ...
Forum hears of migrants' plight
Female migrant workers in Thailand are vulnerable to abuse and exploitation and often end up working long arduous hours in the toughest sectors for sub-standard wages, a forum was told on Sunday.Speaking at a forum held by the United Nations Entity for Gender Equality and ...
Dumrongkiat Mala
State allots B70bn to stabilise paddy prices
The 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 ...
Phusadee Arunmas
Thais cut spending at time of economic hardship: Poll
Thai 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 ...
Bangkok Post Reporter
BoT boss admits baht too high
Bank of Thailand governor Veerathai Santiprabhob admits the baht has appreciated at a rate which exceeds the economic fundamentals, saying that interest rate cuts are no longer “strong medicine” that can cure it.The central bank governor on Saturday expressed concern over the currency’s strengthening — ...
Darana Chudasri
Political indifference fuels air-pollution crisis
There is no way of putting it, say leading academics, other than that this government is ill-equipped to stop the air pollution crisis from spiralling out of control. Despite proclamations, like Natural Resources and Environment Minister Warawut Silpa-archa’s goal to solve the PM2.5 problem by ...
Supita Roengjit
Over 10 firms to launch green bonds next year
More than 10 companies are poised to launch green bonds next year, suggesting that environmental, social and governance (ESG) bonds are gaining ground in Thailand.The tentative green bond issuers are both listed and non-listed companies, said Sirivipa Supantanet, deputy secretary-general of the Securities and Exchange ...
Nuntawun Polkuamdee
Somkid concerned about exports amid global unease
Deputy Prime Minister Somkid Jatusripitak’s top concerns for next year are exports and confidence amid global economic uncertainties.“We are unsure what next year will hold, so we need to strengthen ourselves,” he said.Boosting economic momentum is a key issue this year, so the government needs ...
Wichit Chantanusornsiri
LGBT activists step up legal bid for marriage equality
Local LGBT activists submitted a legal challenge to the Constitutional Court on Friday in a bid to change laws that limit marriage to between a man and a woman, the latest in a series of attempts to achieve marriage equality in Asia.The definition of marriage ...