Revenue collection in the 1Q23 fiscal year reached Bt633b, exceeding target by >Bt73b, said govt spokesman.
Foreign investment up 56% in 2022: Foreign investment soared by 56% to 129 billion baht in value last year, with Japan topping the list in terms of budget to develop businesses in Thailand. Bangkok Post
Sugar retail prices likely to increase as costs rise: The retail prices of sugar may be adjusted following an increase in the ex-factory price by 1.75 baht a kilogramme as production costs surge. Bangkok Post
Asia-Pacific aviation could see faster recovery in terms of passengers this year, fuelled by China’s reopening, as well as achieving a small profit in 2024, while pent-up demand from the mainland could help compensate slowing Western markets, IATA.
Finance Ministry will test in a sandbox the use of utility bill data by SMEs to support their applications for new loans from state-owned financial institution, said Chuenchob Kongudom, vice-minister to the PM.
Government’s plan to incentivize battery plants may face further delay, as Industry Ministry objects Finance Ministry’s proposal at EV board meeting yesterday, next meeting is expected next month, negative to GPSC and EV, reported a Tabloid.
Exports dip for third month in a row in December: Exports dropped for a third straight month in December, falling by 14.6% year-on-year, leading to annual growth of 5.5% in 2022. Bangkok Post
Car production set to rise by 3.53% this year: Total of 1.95 million units are expected. The Federation of Thai Industries (FTI) expects domestic car manufacturing to increase by 3.53% to 1.95 million units this year, following an expansion of car exports in 2022. Car production stood at more than 1.88 million units last year, driven by better sales in Thailand and overseas, though in December domestic car sales fell in many categories because of the impact of flooding and semiconductor shortages. Bangkok Post
BoT hikes interest rates for 4th time: Move increases key benchmark to 1.50%. The Bank of Thailand yesterday raised its policy interest rate by 0.25 percentage points for a fourth consecutive time in an attempt to contain high inflation. Bangkok Post
State NSF offerings to rise by B2bn: The government is expected to spend between 1.8 billion and 2 billion baht per year on higher contributions to National Savings Fund (NSF) members, says Finance Minister Arkhom Termpittayapaisith. On Tuesday the cabinet approved an increase in the government’s NSF contributions, up to a maximum of 1,800 baht per year for members of all ages. Bangkok Post
