Mr. Areepong Pruchaoom Permanent Secretary, Ministry of Finance said. A balanced budget within five years of government policies that now have not spoken clearly needs to be restructuring. What a tax to increase government revenue. Is a preliminary assessment that Government expenditures during the next 5 years, totaling 10 trillion or 2 trillion per year as expenditure. The salaries of government officials. Free education policy. Care cost agricultural crops. Social Security Fund. National Savings Fund (Uoc.) while revenue was estimated from the result of tax and non tax The delivery of revenue from state enterprises. Asset Management Department of the Treasury and the Department of Lands.
By evaluating the degree of expansion of the Gross Domestic (GDP) at 5% per annum will need investment of about two billion baht in the next 5 years by excluding the investments of the state again. 1.5 billion baht to develop transport infrastructure. Support capabilities of the severe competition. Transport goods and people and tourists. Including irrigation, water management, which remains outside the Thai agricultural areas irrigated lot. The yield was still lower than the neighbors.
"To provide administrative expenditure and revenue in balance and level. The collection of revenue should be at the state level, 17% of GDP, which is still a little lower. We need to see the master plan tax Department stores and 3 Department that is what Currently, it is more common during the Fiscal Policy Office (FPO) and the Department of Revenue, including expenditure management to do the unnecessary. Investment is also required to recognize that Which part of the government will invest directly Investment by state enterprises. Or the nature of joint ventures between public and private (PPP) in the right format, "said Ari Pong said.
Mr. Satid Rungkasiri Revenue Department said that on November 29 Dental Revenue public hearing was held. To receive comments from stakeholders from the negotiating framework of the Convention or. Agreement for Avoidance of Double Taxation of the present Convention or agreement with Thailand. To the avoidance of double taxation with 54 countries, with more complex issues of tax structure. And state enforcement of laws that vary between the parties, Thailand.
In addition to the negotiations with the developed countries within the framework. Standard OECD. Meanwhile, developing countries have to follow the framework of the United Nations The new round of negotiations with countries from the new contract is necessary to consider the framework of negotiations on each issue as a standard in the box. Thailand in conjunction with the framework of international organizations such as OECD and the UN to integrate well.
"After this, the negotiation of international agreements made by the Department of Revenue. Will be based on new standards and directions to the Convention, they help remove barriers and tax issues that overlap. Help facilitate the investment. Have a positive impact on the economy and trade between countries within the framework which is acceptable to all parties will provide the framework for negotiation and success easily. The development of innovative joint beneficial to the nation and country. Parties are preparing an agreement.
,Mr. Satid Said.
2010-11-29
2010-11-28
Foreign currency flowing into China jump 79 percent in October.
While China is to control inflation is accelerating. Have currency exchange rate inflows into the economy of China. Very high second in the history of the country. Associate of April. Network. In 2008, when the capital flows from foreign exchange A total of 525,000 million yuan from the news reports of the Beijing News reported on Saturday (26 November).
Expansion of the current foreign exchange in October. In part by China's trade surplus exceeded the increase of 27,200 million U.S. dollars. And funds from foreign direct investment, or between October and SDI. equal to 7700 million U.S. dollars.
The rate of return on land dragon rose more than in developed. Make speculative capital flows. Or hot money flowing into Chinese deluge. Increase of 42,800 million U.S. dollar deficit.
Beijing News quoting you, Mr. Ching Ming, an economist Annual Construction Bank of China, "China has entered into a high interest rate cycle. And increasing pressure from the current capital inflows. "
In the past month. Chinese central bank interest rates for the first time in nearly three years, those analysts predicted that interest rates will be up again in the near future.
Signal intensity of control financial sector, China also appears out of the month (November 2010) Bank of China has the cash reserve ratio of banks to lend 18 percent of total was the second time this year, China increased its rate. cash reserves and then 3 times.
Mr. Loo Zheng Wei economist of Bank of China, Industrial. Commented that "If the capital inflows to China have continued. Add a half-percent cash reserve ratio would not be enough to control the money supply has increased. Central bank cash reserve ratio should increase from 1 percent to 1.5 points. "
The international reserves of China. Whose value is the highest in the world at the end of July. Network. Totaled 2.64 trillion U.S. dollars, compared with 2.45 trillion in June.
Expansion of the current foreign exchange in October. In part by China's trade surplus exceeded the increase of 27,200 million U.S. dollars. And funds from foreign direct investment, or between October and SDI. equal to 7700 million U.S. dollars.
The rate of return on land dragon rose more than in developed. Make speculative capital flows. Or hot money flowing into Chinese deluge. Increase of 42,800 million U.S. dollar deficit.
Beijing News quoting you, Mr. Ching Ming, an economist Annual Construction Bank of China, "China has entered into a high interest rate cycle. And increasing pressure from the current capital inflows. "
In the past month. Chinese central bank interest rates for the first time in nearly three years, those analysts predicted that interest rates will be up again in the near future.
Signal intensity of control financial sector, China also appears out of the month (November 2010) Bank of China has the cash reserve ratio of banks to lend 18 percent of total was the second time this year, China increased its rate. cash reserves and then 3 times.
Mr. Loo Zheng Wei economist of Bank of China, Industrial. Commented that "If the capital inflows to China have continued. Add a half-percent cash reserve ratio would not be enough to control the money supply has increased. Central bank cash reserve ratio should increase from 1 percent to 1.5 points. "
The international reserves of China. Whose value is the highest in the world at the end of July. Network. Totaled 2.64 trillion U.S. dollars, compared with 2.45 trillion in June.
2010-11-17
Asian stock markets absorbed the Thai negative 10.60 points concern the interest of China inflation extracted.
Asia shares flat After the Thai stock index closed down 10.60 points at 39,357.40 Volume million after investors worried China Cho interest in extracting inflationEuropean issues, including debt.
Today (17 November) off the Stock Exchange of Thailand. Index stood at 990.13 points, or 10.60 points to 1.06% negative trading volume. 4,561,515,000 shares traded worth 39,357.40 million baht, the index adjustment to remove the foreign market countries. China, prepared by concerned interest rates to control inflation And debt issues in Europe. Resulting in a force out by selling shares across Asia. Between the hours of trading the index 978.52 points at minimum and a maximum of 997.94 points.
For securities that are worth trading Top 5 includes PTT closed at 316.00 baht delete 5.00 U.S. PTL closed at 33.75 U.S. plus 2.25 U.S. TRUE closed at 5.95 baht plus 0.15 U.S. BANPU close at 758.00 baht remove 26.00 baht and IVL to close at 47.50 Baht plus 0.50 Baht
Today (17 November) off the Stock Exchange of Thailand. Index stood at 990.13 points, or 10.60 points to 1.06% negative trading volume. 4,561,515,000 shares traded worth 39,357.40 million baht, the index adjustment to remove the foreign market countries. China, prepared by concerned interest rates to control inflation And debt issues in Europe. Resulting in a force out by selling shares across Asia. Between the hours of trading the index 978.52 points at minimum and a maximum of 997.94 points.
For securities that are worth trading Top 5 includes PTT closed at 316.00 baht delete 5.00 U.S. PTL closed at 33.75 U.S. plus 2.25 U.S. TRUE closed at 5.95 baht plus 0.15 U.S. BANPU close at 758.00 baht remove 26.00 baht and IVL to close at 47.50 Baht plus 0.50 Baht
2010-11-15
PTT signal to move the oil marketing year 2011
PTT signal to move the oil marketing year 2011 is 1.80 baht per liter from 1.50 baht per liter this year. Why must improve the investment pump provides a more comprehensive retail point on the year 2011 competition for service Yan PTT. No distribution policy to reduce free trade. But how to develop products that will satisfy customers.
Mr.Charan Rungkasiri Vice President of retail oil company PTT. Co., Ltd. (Thailand) said that the year 2011 are likely vendors will have to modify the value of the oil market increased to at least 1.80 Baht per liter, because the cost of the investment business improvement service stations (pump) solutions to meet the increasingly diverse customers. The average market traders have been in this year at 1.40 to 1.50 baht per liter, a level that habitable But for investment to improve the pumping of new services in the market is now considered such a low
For the year 2011 fuel retail market will be adjusted in a more competitive service. Instead of focusing on improving the old pump, a pump new investment. Due to the more than 10,000 gas stations across the country is quite mature. While oil sales will grow at a rate not much. Because part be replaced by other renewable energy. The natural gas vehicle (NGV) Gas (LGP) of biodiesel and ethanol, however, PTT has no policy to reduce the exchange distributed free by the PTT. Will focus on creating quality products and customer service. main
Mr. Manu Siriwan oil experts said the potential oil business year 2011 competition is expected to be less severe oil traders to reduce investment to create a new pump. Due to high investment. But it turned to the old pump to improve customer service integrated with each other more modern will be focused on creating products aimed at oil products to green (green profile Products) reducing pollution.
"There is a possibility that traders will attempt to move the oil market in 2011 since the last gas station in the competition and improve customer service and high spending enough," said Manu said.
For refining the year 2010 now average well over a year ago. The estimated at U.S. $ 5-6 per barrel. Rate, which is enough to see some profits. The Outlook for 2011 is expected to be slightly higher than this year. Because forecasts global oil demand will rise from global economic growth.
Mr.Charan Rungkasiri Vice President of retail oil company PTT. Co., Ltd. (Thailand) said that the year 2011 are likely vendors will have to modify the value of the oil market increased to at least 1.80 Baht per liter, because the cost of the investment business improvement service stations (pump) solutions to meet the increasingly diverse customers. The average market traders have been in this year at 1.40 to 1.50 baht per liter, a level that habitable But for investment to improve the pumping of new services in the market is now considered such a low
For the year 2011 fuel retail market will be adjusted in a more competitive service. Instead of focusing on improving the old pump, a pump new investment. Due to the more than 10,000 gas stations across the country is quite mature. While oil sales will grow at a rate not much. Because part be replaced by other renewable energy. The natural gas vehicle (NGV) Gas (LGP) of biodiesel and ethanol, however, PTT has no policy to reduce the exchange distributed free by the PTT. Will focus on creating quality products and customer service. main
Mr. Manu Siriwan oil experts said the potential oil business year 2011 competition is expected to be less severe oil traders to reduce investment to create a new pump. Due to high investment. But it turned to the old pump to improve customer service integrated with each other more modern will be focused on creating products aimed at oil products to green (green profile Products) reducing pollution.
"There is a possibility that traders will attempt to move the oil market in 2011 since the last gas station in the competition and improve customer service and high spending enough," said Manu said.
For refining the year 2010 now average well over a year ago. The estimated at U.S. $ 5-6 per barrel. Rate, which is enough to see some profits. The Outlook for 2011 is expected to be slightly higher than this year. Because forecasts global oil demand will rise from global economic growth.
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