Minister vows tax reform to enhance competitiveness

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Finance Minister Pichai Chunhavajira has pledged to pursue comprehensive tax reform to strengthen the country's competitiveness and advance the adoption of digital currency in Thailand by the end of this year.

Buyers and sellers would not know what kind of money they are receiving, but those coins would be transferred into the app and could then be converted into baht via the clearing houses, said Mr Pichai.

While geopolitical challenges pose risks to the country's economy, he said they also present an opportunity for Thailand to benefit from the relocation of investment, especially in technology, which is an upstream industry.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaUkraine

Topics: Year Thailand Platform Business Million Coins Digital Growth Competitiveness Country Pichai

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 05:52:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 798 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24987485

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Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 5 hours ago

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Publisher ID: #66

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