EGAT insists power supply will be sufficient as it plans to import more LNG to support power gen in the country.
Reshuffle to follow Songkran: PM to hold meetings with coalition. Discussions among coalition parties over whether it is time for this cabinet’s first shake-up will take place after the Songkran holiday, Prime Minister Srettha Thavisin said yesterday, despite previously brushing aside rumours that a change was on the cards.
Looser conditions for 2nd phase of renewables auction: Energy officials are planning to relax the conditions for the second-phase auction of the renewable energy scheme as more new investors are required to develop clean energy, which is in great demand across the country, says the Energy Policy and Planning Office (Eppo).
Property tax rejig to amplify revenue: Amendment aims to close loopholes. Amendment of the land and building tax law is meant to enhance both the efficiency of collection and levy an appropriate rate, while the criteria will have to be tightened to close tax loopholes, says finance permanent secretary Lavaron Sangsnit.
Cabinet reshuffle looms: Pheu Thai ‘has eyes on Finance Ministry’. A forthcoming cabinet reshuffle is likely to be finalised next week even though the changes, largely affecting the ruling Pheu Thai Party, are far from settled in some key posts, according to a source.
EV sales expected to miss target: Price wars destabilise the sector. Electric vehicle sales in Thailand are expected to miss the estimate of 130,000 units this year as prices are likely to keep changing, attributed to a price war among Chinese EV makers, says Hyundai Mobility Thailand, a subsidiary of the Korean automaker.
PTT touts hydrogen as fuel of the future: While electric vehicles (EVs) gain in popularity as an option to replace oil-powered cars, hydrogen still holds promise as a future energy that may suit mobility technology and help reduce air pollutants, says national oil and gas conglomerate PTT Plc.
The Revenue Department picks 5 sectors with promise based on figures submitted for 2023.: Ms Kulaya says the Revenue Department increased its revenue collection target to 2.27 trillion baht for fiscal 2024. The Revenue Department says there are significant challenges this year achieving tax collection targets because of the slowdown in economic activities, although it has identified five sectors that show promise. According to Kulaya Tantitemit, director-general of the department, for fiscal 2024 the department raised its revenue collection target to 2.27 trillion baht, up from 2.02 trillion in 2023, representing an increase of about 3%.
Bad loans set to surge at banks in Q1: The banking sector is poised for higher nonperforming loans (NPLs) in the first quarter this year, stemming from retail and small and medium-sized enterprises (SMEs), according to brokerages.
Bourse reshapes liquidity criteria: The SET is revising the liquidity criteria for stocks on the SET50 and SET100 indices, as trading volume has been declining in recent years. The Stock Exchange of Thailand (SET) plans to revise liquidity criteria for securities to enter the SET50 and SET100 indices, with the revised criteria subject to a public hearing until April 26.
