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 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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