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Thailand Prime Minister Rules Out Value-Added Tax Increase Amid Public Backlash

Thailand's Prime Minister Paetongtarn Shinawatra has dismissed any plans to raise the value-added tax to 15% following backlash from the opposition and coalition members. The Finance Ministry is currently reviewing the tax structure to address inequality and enhance competitiveness.

Thailand maintains inflation target amid central bank and government negotiations

Thailand will maintain its inflation target at 1% to 3% for the upcoming year, a decision reached after a meeting between Finance Minister Pichai Chunhavajira and Bank of Thailand Governor Sethaput Suthiwartnarueput. This outcome supports the central bank's stance against government pressure for a higher target, while emphasizing the need for measures to encourage price growth to 2% and bolster the economy.
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