Pichai Chunhavajira

The US$115 billion budget Bill for the fiscal year beginning Oct 1 is on track to be passed by parliament by the end of August

[BANGKOK] Thai Finance Minister Pichai Chunhavajira said on Monday that he will travel to the United States later in the day for trade talks to be held over the next two days.

The measures will focus on boosting domestic consumption and investment, as well as providing soft loans

Thailand’s economic growth is weighed down by high household debt levels that hurt private consumption and remain the highest in region at 89.6 per cent of GDP

AN INTEREST rate cut will boost Thailand’s economy and help weaken the baht currency and banks should lend more to boost growth, its finance minister said on Monday.

More big foreign investments are coming as confidence in the country grows

The economy grew 1.9% last year, lagging its peers

Lowering rates would help increase liquidity and help those who are creditworthy to access new loans, says Pichai Chunhavajira

The government wants an inflation target that will push up consumer prices to help economic growth