Measures to assist 3 insurers: The Office of Insurance Commission (OIC) approved liquidity enhancement measures for three insurance companies, namely Syn Mun Kong Insurance (SMK), Thai Insurance and One Insurance, to help them pay outstanding Covid insurance claims. Bangkok Post
Government slashes contribution to energy conservation fund collected from the retail price of gasoline and diesel. The surcharge will be cut to Bt0.005/liter for a year from Bt0.10 now, then raised to Bt0.05 the following 2 years. Energy Policy & Planning Office raised hydro power purchasing quota from power plants in Laos to 10,500mw, giving nod to Provincial Electricity Authority (PEA) to sign PPA from Nam Ngym 3, Pak Bang dam & Pak Lai dam, GULF expected to be top bene, Tabloid.
Coalition to back PM at PPRP event:The Palang Pracharath Party (PPRP) will host a dinner for its coalition partners on Nov 26, in what is seen as an attempt to unite the parties and forge solidarity. Bangkok Post
Agencies seek B76bn for farmers: The Finance Ministry will discuss with the Budget Bureau to seek a 76-billion-baht budget to support rice farmers under the farmers’ income guarantee scheme, said Finance Minister Arkhom Termpittayapaisith. The overall scheme covers rice and other crops. For the rice scheme alone, the total project budget is 89 billion baht, of which 13 billion baht was gradually disbursed. The rice scheme needs another 76 billion baht. Bangkok Post
Tax exemptions measures for specific public finance institution including 1) VAT exemptions for asset transfers with 180 days of registration as a public finance institution; 2) income tax exemptions for interest income on deposits & for dividends; 3) special business tax exemptions including stamp duties, income arising from instruments issued to members, Thai Royal Gazettes. Tax incentive measures for co., in SEZ including corporate income tax cut to 3% for qualified co., corporate income tax exemption for 100% of investments made in machinery, tax exemption for investments made in SMEs, Thai Royal Gazettes.
The Constitutional Court yesterday ruled that the actions of three protest leaders at a rally at Thammasat Uni in Aug last year violated a provision in the military-drafted charter and were an attempt to overthrow the constitutional monarchy.
BOT kept rate unchanged at 0.5%, expected high headline inflation to be short term and will not pressure monetary policy and the economic recovery. BOT now allows banks to pay dividend for this year not exceeding 50% of 2021 NP, vs 1H21 announcement that dividend payout ratio must not exceed that of last year and not exceed 50% of 1H 2021 profit. Small banks are usually pay higher, especially TISCO, which is a holding company, while this rule only applies to bank level. Only BBL, SCB, KBANK and KKP paid 1H21 interim
Thailand will meet its target of administering 100m doses of Covid vaccine by end of November, a month ahead of schedule, government spokesman.
State Railway sells TOR for 23.6km 10 stations, South Purple MRT (Tao Poon-Ratburana), 6 contracts total Bt78.71b from November 11-24, CK & STEC are expected to pass tech qualifications.
PM mulls easing Covid travel rules: Tests, quarantine would be relaxed. The government is considering replacing the RT-PCR test with other screening methods for vaccinated tourists under the Test & Go scheme, and easing high-risk close contact (HRC) rules which force airplane passengers who had sat near Covid-19 patients to undergo mandatory quarantine. Bangkok Post