Thailand starts OECD subscription procedure

Thailand has developed a roadmap to become a member of the Organisation for Economic Co-operation and Development (OECD), a group of developed countries, aiming to elevate the country’s standards and broaden trade and investment opportunities. However, some international economists have warned that joining the affluent club of countries may bring more drawbacks than benefits. The…

Significant lenders assistance Italian-Thai Development

PUBLISHED : 18 Apr 2024 at 06:31 Major creditors have agreed to infuse fresh liquidity into cash-strapped Italian-Thai Development (ITD) Plc, to support the company’s business operations without requiring a rehabilitation plan. Chartsiri Sophonpanich, president of Bangkok Bank (BBL) and a major ITD creditor, emphasised ITD’s robust long-term business potential despite encountering short-term liquidity challenges.…

Gaining the home stimulus benefits

Miniature house models on display at a recent property fair. The BoI announced on March 15, 2024 it plans to grant tax benefits to developers that construct residences for low-income earners. (Photo: Varuth Hirunyatheb) The cabinet last week offered Thai New Year’s gifts to potential homeowners, approving measures that extend the price range of houses eligible…

Cabinet reshuffle looms

Pheu Thai ‘has eyes on Finance Ministry’ Cabinet members led by Prime Minister Srettha Thavisin, seated, ninth from right, pose at Government House before taking their oaths of office in front of His Majesty the King at Dusit Palace on Sept 5, 2023. (Photo: Chanat Katayu) A forthcoming cabinet reshuffle is likely to be finalised…