Indonesia News Gazette

Bangkok, The Chairman of the Thai Chamber of Commerce and the Board of Directors of the Thai Chamber of Commerce stated that despite the impact on production costs of both oil and Changing bearing rates or weather conditions cause operators throughout the system to be greatly affected. But will try to freeze the product for as long as possible. Advise the government to urgently find measures to stimulate the economy in all areas to help the business sector. This year’s GDP is predicted to grow only 2.6 percent, even with digital wallets helping before the end of the year.

Mr. Sanan Angubolkul, Chairman of the Thai Chamber of Commerce and the Board of Directors of the Thai Chamber of Commerce, said: Even though the cost of raw materials such as diesel is likely to increase. Even though the government will not renew the measure to fix the price of diesel fuel. In addition, the problem of exchange rate fluctuation has weakened, although it has a positive effect on the price of export products increasing. Or fr
om the weather this year being dry and hot for a long time, having little effect on agricultural crops but making them more expensive. This factor is considered to have a significant impact on the overall industrial sector costs of the country. And as the private sector in many industries, especially food, will probably try to help hold product prices as long as possible in order to minimize the impact on people across the country as well.

However, due to the impact of such costs, the private sector wants the government to quickly find various measures to help all industrial groups so that they are not affected too much. Especially when the 2024 budget can actually come into effect, the government sector needs to expedite the disbursement of budget funds to distribute them to various areas continuously and quickly. Even though there are factors outside the country such as the war that has occurred, it still has an impact on oil prices in the world market. Therefore, the private sector does not want to see th
e use of oil fund money to support oil prices again, but if the oil price structure is to be adjusted to be more fair. It would probably be more appropriate. The private sector agreed to adjust the current oil price structure to be good and consistent with reality.

In addition, he also sees that the measures that the government will take to help the people through the 10,000 baht digital wallet project are things that the government has announced that they will go ahead and do with all their might. But the private sector also wants this project to reach the people at the grassroots level. To stimulate people’s spending, but what we want to cover are shops that want to be small shops as well in order to stimulate all groups. Therefore, this year it is considered that there are still factors affecting many aspects. Therefore, it is expected that the Thai economy will grow only 2.6 percent, even though there will be a digital wallet project to stimulate the economy in the 4th quarter.

However, the private sect
or does not agree with the guidelines for increasing the minimum wage to 400 baht nationwide. Because it will greatly aggravate the costs of the Thai SME industrial sector. By increasing wages only in the tourism industry first, it is considered acceptable. Because it is a supplement to Thai tourism, it should not be affected, but if the 400 baht adjustment is to be made nationwide, it should not be implemented. As for the matter of the Prime Minister inviting 4 financial institutions to discuss and asking them to help the people reduce interest rates. It is considered that if all 4 banks can reduce interest rates for customers, it is a good thing. But I think that the next financial management approach will be the responsibility of the Bank of Thailand in its supervisory capacity. It would be better for the government to take care of the fiscal aspect so that budget money goes to all areas.

Source: Thai News Agency

Bangkok, SET closed this morning at 1,361.09 points, an increase of 11.57 points (+0.86%), trading value approximately 24,244 million baht.

Morning stock trading The index rose to a high of 1,361.79 points and a low of 1,353.35 points.

Source: Thai News Agency

Bangkok, The Thai Chamber of Commerce and the Board of Trade of Thailand join hands with the Office of the Civil Service Commission (OCSC) and the Department of Business Development. The Ministry of Commerce issued a press conference joining forces with 10 government agencies to announce the success of linking legal entity data through the electronic system. No need to sign a copy No need to call for documents Reduce redundant burdens Responding to the needs of the business sector and the public Expected cost savings Citizens and entrepreneurs can earn up to 7,000 million baht per year.

Mr. Sanan Angubolkul, Chairman of the Board of Directors of the Thai Chamber of Commerce and the Board of Trade of Thailand Revealed that an important factor in increasing the country’s competitiveness is a government service system that is convenient and fast in contacting and requesting approval from the government. In the past, entrepreneurs may have had to sign many copies of documents as well as submitting various matte
rs requiring many documents. But today, the government sector has developed an electronic corporate information linkage system with the support and drive of the Civil Service Commission and the Department. Pat has led to the joining forces of 10 pilot government agencies that are ready to link legal entity information to facilitate businesses and citizens without having to retrieve documents and without having to sign copies. anymore, along with expressing great admiration and thanks to the Civil Service Commission, Department of Business Development, and 10 government agencies.

Linking and exchanging information on legal entities of 10 government agencies this time. Document retrieval procedures can be reduced by up to 392 procedures, representing a cost reduction of nearly 800 baht per transaction. When calculated from the current total of 8.8 million transactions per year, it is found that it can create results. Economic savings of approximately 7,000 million baht per year, including time dimensions, docu
ment use, accounting costs, and job opportunity costs. It is considered another model of success in bringing digital systems into use in the government service system. This may be comparable to the approach of Estonia, which is a model for bringing digital government service systems to help reduce costs and increase flexibility for businesses and citizens. In addition, the Thai Chamber of Commerce and the Thai Chamber of Commerce There is also an award program. ‘Sampao-Nawathong’ which is a tribute and encouragement to government agencies in facilitating the business sector as well. Which has now been continued for the 3rd year.

Ms. Onfah Vejjajiva, Secretary-General of the Public Sector Development Commission, said that the Office of the Public Sector Development Commission places importance on linking and exchanging government information. Emphasizing the importance of using digital technology in developing the government system. To increase efficiency in providing services to the public and business secto
r. The results of operations can be summarized as follows:

1. The importance of linking and exchanging government information

1.1 Push through linking and exchanging information between government agencies. Through the enactment of various laws

in operation, including:

Issuance of the Act to Facilitate the Consideration of Government Permissions, B.E. 2015

The Administration and Sector Services Act. Government through the digital system 2019

Electronic Government Operations Act 2022

1.2 Linking government data The results of the push operation found that in 2018 it was possible to cancel the request to receive copies of house registration and ID cards. A total of 530 licenses and legal entity information links this time. It is another step of success in facilitating contacting and requesting permission from government agencies.

2. The role of the Public Sector Development Commission in working with the public and private sectors to drive data linkage to be e-Government:

2.1 Raise the level of gove
rnment services by being the center of service recipients. In order for people to receive services that are convenient,

economical, meet their needs, have a variety of service options and are comprehensive.

2.2 Reduce the role of the government sector. Open the participation of other sectors. To make the government sector suitable for its role and mission.

2.3 Accelerate the transformation of the government sector into digital (Digital Transformation) so that it can use digital technology to develop work and provide services more efficiently.

For the operation to be successful, the Office of the Public Sector Development Commission emphasizes that it cannot do it alone. It requires cooperation from the government, private sector, and civil society. which is an important force driving and developing the bureaucratic system to be a pillar of national development in the future, said Ms. Onfah.

Mrs. Oramon Sapthaweetham Director General of the Department of Business Development The Ministry of Commerce said
that it is pleased to join in announcing the success in developing a technology system linking business data between government agencies. By giving people the opportunity to receive truly paperless services. Department of Business Development It is the main agency in developing technology systems that link business information between the public and private sectors. This has the effect of reducing the cost burden and increasing convenience for citizens, businesses, and the government sector by developing technology systems to link real-time data that is accurate, up-to-date, and has advanced security. According to the standards for linking and exchanging government data of the Government Savings Bank, the data can be used efficiently.

In addition, the integration of cooperation with the Digital Government Development Agency. In adjusting the service model to link data between government agencies through the Government Data Exchange Center (GDX), making it more efficient. And a data set has been added to supp
ort verification and verification of the digital identity of juristic persons, or Business Digital ID, which drives citizens and businesses to make transactions more quickly and conveniently, based on past performance results. There are 169 government agencies that are interested in linking data with the Department of Business Development and have used the data service for a total of 52 million items. Thank you to the 10 government agencies that have linked the data and not requested documents. Legal entities, including the Thai Chamber of Commerce, the Office of the Public Sector Development Commission and the Office of the Public Sector Development Commission, have supported and worked together to make this success happen. This makes it possible to solve pain points in business operations and raise the competitiveness of the country’s economy with the same commitment and intention from government agencies that reduce the use of paper documents. Reduce costs for the business sector and the public, as well as
support the country’s digital government policy or e-Government to be more complete.

Mrs. Oramon said that Announcement of this success It is considered an important starting point for an integrated approach to cooperation between government agencies that places importance on public service systems and the private sector digitally in a concrete way. which the private sector by the Thai Chamber of Commerce and the Board of Trade of Thailand Happy to cooperate to join forces to raise Thailand’s competitiveness together in a sustainable way. 10 government agencies are ready to link corporate information.

Food and Drug Administration

Department of Lands

Treasury Department

Office of the Board of Investment (BOI)

Department of Industrial Works

Excise Department

Bank of Thailand

Customs Department

Comptroller General’s Department

The Revenue Department and 11 remaining agencies are in the process of negotiating details to participate in this project.

Source: Thai News Agency

Bangkok, The Student Loan Fund informs that 60,000 borrowers were prosecuted in 2014 and have outstanding debts. Please come negotiate to extend the installment period for another 15 years to relieve the guarantor of the burden. Emphasizes that the case may be enforced Do not let the statute of limitations expire.

The Student Loan Fund (SLF) revealed that there were approximately 60,000 borrowers who were prosecuted in 2014, whose preliminary debt burden has been calculated. It was found that there were still outstanding debts. The Fund therefore invites this group of borrowers to restructure their debt to extend the repayment period for another 15 years. Moreover, the guarantor will be released from liability immediately after entering into the debt restructuring contract. Otherwise, the Fund may need to enforce the case first to prevent the statute of limitations from expiring. But auction sales will be suspended.

Mr. Chainarong Kajchapanan, manager of the Student Loan Fund, revealed that there are still
borrowers being prosecuted by the Student Loan Fund during 2014. It was found that this group of debtors still has outstanding debts. The Fund therefore invites this group of borrowers to contact for debt restructuring to have the opportunity to repay debt according to the new contract. To extend the repayment period for another 15 years and the guarantor will be released from liability immediately after entering into a debt restructuring contract. In this case, the Fund may need to enforce the case first to prevent the statute of limitations from expiring. But auction sales will be suspended. We request that borrowers in this group do not worry.

As for the conditions in the debt restructuring contract, the borrower is required to repay the fund in monthly installments at the same rate every month. and must be paid within the 5th of every month to be completed within 15 years by paying the final installment Borrowers must not be more than 65 years of age. When the final installment of the debt is paid, the f
und will discount all of the original penalties that were set aside.

Borrowers can participate in debt restructuring at the event. ‘Debt relief fair Creating a Way of Justice’ that will be held on April 27, 2024 at Ban Suan Municipality. Chonburi Province and on April 28, 2024 at the Grand Richmond Hotel, Bangkok. After that there will be events in various provinces. all over the country next And borrowers can come to restructure their debt at the fund office every day. You can register for an appointment to enter into a debt restructuring contract. Available through the website www.studentloan.or.th,’ said the fund manager.

Source: Thai News Agency

Bangkok, Cabinet approves top-up of 10,000 baht via Digital Wallet, hoping to stimulate GDP in 2025 by 1.8 percent, with various agencies driving the project. Appoint a sub-committee to control corruption.

Mr. Pornchai Teerawet, Director of the Fiscal Policy Office As a spokesman for the Ministry of Finance, it was revealed that the Cabinet meeting approved the 10,000 baht top-up project via Digital Wallet in accordance with the policy committee’s resolution of the 10,000 baht top-up project via Digital Wallet to stimulate the economy by promoting the circulation of money in the area and helping relieve the burden. cost of living Raise and develop the quality of life for people who need help, such as vulnerable groups and farmers, so that they can be self-reliant. Creating and increasing career opportunities for citizens and support the development of digital technology innovations for the benefit of the economy and society.

The government expects that in 2024 GDP will expand at 2.7 percent per year, lower
than many agencies had predicted and considered lower than potential. and is likely to decrease compared to the past, with GDP in the 4th quarter of 2023 shrinking by 0.6 percent. The Thai economy still faces challenges both inside and outside the country, such as geopolitical problems. Uneven recovery of people’s income since the outbreak of COVID-19. Household debt is high. and reduce the purchasing power of the people and increase the burden of interest. The global economy is recovering slowly and growing slowly, affecting the Thai economy that relies on exports of goods and services at 69 percent. The government therefore wants to stimulate the economy through the project. To increase money circulating in the economy and distribute it to localities and communities. Focus on maintaining strict fiscal discipline of the state.

The government defines the target group as being of Thai nationality as of the month of registration, aged 16 years and over, not having assessable income of more than 840,000 baht pe
r tax year or income not exceeding 70,000 baht per month, and having deposits with commercial banks and Specialized financial institutions, totaling not more than 500,000 baht, determines spending between citizens and merchants. In areas at the district level (878 districts), payments must be face-to-face. Payment is required at small shops, including small convenience stores.

For spending between stores and stores Requires that stores accepting spending from the public must be small stores. Including a small convenience store. excluding department stores Large national and local retail-wholesale department stores As for merchants, they can receive spending from stores. There are no spatial conditions and store sizes specified.

For the purchase of all types of products, you can participate in the project, except for products that cannot participate in the project (Negative List), which includes government lottery tickets. Alcohol, tobacco, cannabis, kratom, kratom, cannabis and kratom products, gift voucher
s, cash cards, gold, diamonds, gemstones, gems, fuel. and natural gas. The Ministry of Commerce can consider setting additional negative lists by spending according to the project. Does not include service

Regarding the qualifications and conditions of stores that can withdraw cash from the project: Must be stores that are in the tax system as follows: (1) Value Added Tax (VAT) or (2) Personal Income Tax (PIT) only for those who Have assessable income according to Section 40 (8) of the Revenue Code or (3) Corporate Income Tax (Corporate Income Tax CIT). However, merchants cannot withdraw cash immediately after people spend. But merchants will be able to withdraw cash when spending from the second round onwards. The government has created a website. Registration and verification system for citizens and shops Spending system payment system Transaction verification system It has been developed to be able to be used for payments with other banks in an Open Loop manner as well.

In terms of financial sources: The
re are guidelines regarding financial sources for project implementation, totaling 500,000 million baht, including (1) fiscal year 2025 budget expenditures in the amount of approximately 152,700 million baht (2) project implementation through agencies of State, amount of approximately 172,300 million baht and (3) budget management for fiscal year 2024, amount of approximately 175,000 million baht, project implementation period Starting in the 2024-25 expenditure budget, must not be later than September 2026.

In the area of ??preventing corruption A subcommittee has been appointed to set guidelines and conduct inspections, considerations, and decisions regarding actions that may be in violation of the project criteria and conditions. refund Including the processing of various complaints, the Cabinet has also approved the assignment of agencies responsible for implementing the project. According to the resolution of the Policy Committee on various matters such as (1) Ministry of Commerce Responsible for determ
ining the types of products that cannot participate in the project (Negative List), conditions regarding stores and methods for applying to join the project. (2) Digital Government Development Agency (Public Organization) and the Ministry of Digital Economy and Society Jointly develop and operate the system for the project. To be consistent with project criteria and conditions This includes creating a website. Registration and verification system for citizens and shops Spending system payment system Transaction monitoring system, etc. (3) Sub-committee on examining actions that may violate the rules and conditions of the project. with the Deputy Commissioner of the Royal Thai Police or Assistant Commissioner of the Royal Thai Police assigned as the sub-committee chairman. Responsible for inspecting, diagnosing, recovering money, making complaints, blaming, and others related to matters that violate the criteria and conditions of the project.

In addition, the Policy Committee A subcommittee will be appointed
to oversee the implementation of the 10,000 baht top-up project via Digital Wallet (Subcommittee to oversee the project) to determine the details of the project implementation. to be consistent with the objectives Project criteria and conditions that does not violate the framework of various principles as approved by the Cabinet and in accordance with regulations, rules and laws by coordinating the operations of the agencies responsible for the project implementation in various parts to ensure the project implementation It is carried out efficiently, with the Deputy Minister of Finance (Mr. Chulaphan Amornvivat) chairing the sub-committee. and there is a representative of the Department of Internal Trade Representative of the Fiscal Policy Office and representatives of the Digital Government Development Agency (Public Organization) as joint secretary

The Cabinet also agreed to assign relevant agencies such as the Budget Office. Ministry of Finance Take action in relation to the source of funds for the projec
t. Approval of the assignment of a sub-committee to oversee the project to be established in collaboration with the Ministry of Finance. Ministry of Commerce Ministry of Digital Economy and Society Digital Government Development Agency (Public Organization) and related agencies Publicize and create knowledge and understanding for the public to know the details of the project. Project registration and other related matters

The Cabinet meeting emphasized that relevant agencies strictly implement the law. Carry out the project To be transparent and verifiable. If any agency has questions about related laws, they can consult with the Council of State Office for clarity before taking further action in the relevant area.

Ministry of Finance as Secretary of the Policy Committee The Cabinet resolution will be formally presented to the Policy Committee. To be able to push forward the implementation of the project, especially Sub-committee overseeing the project Chaired by Deputy Minister of Finance (Mr. Chulaphan Am
ornvivat), the project will be expedited to consider and determine the details of the criteria and conditions for implementing the project. additional required In order to be able to develop various work systems in the project to be concrete in the future. Because the Policy Committee There is a policy for citizens and shops to register to participate in the project. Within the 3rd quarter of 2024 and start spending within the 4th quarter of 2024.

Source: Thai News Agency

An Giang: The Mekong Delta province of An Giang, billed as an economic centre that links Ho Chi Minh city, Can Tho city and Cambodia’s Phnom Penh, has paid due attention to developing border trade and logistics infrastructure so as to tap its border economic potential.

Sharing a borderline of more than 100 kilometres with Cambodia, the province has five international border gates, two main others and a sub one. There are 13 border markets and four sites for examination and supervision of the imports and exports recognised by the General Department of Vietnam Customs in five districts and townships.

It has approved investment policies for 168 projects on border trade infrastructure development with over 29.8 trillion VND (1.17 billion USD) in total registered capital so far.

Under a project to develop the province’s border trade by 2025 with a vision to 2030, border trade is envisaged to become an important locomotive for the local economic growth, making An Giang become a key transshipment centre of the Me
kong Delta region and the whole country.

During the 2021-2025 period, the province targets trade revenue via border gates at 9 billion USD, up 15% from 2016-2020, with export turnover growing 10% per year on average to reach some 636.7 million USD by 2025.

According to Director of the province’s Trade and Investment Promotion Centre Le Trung Hieu, as border trade has an important role to play in the province’s economic growth, An Giang organises an annual international trade fair in border areas, and arranged delegations to attend business matching events, exhibitions and fairs in Cambodia. They are the bold steps contributing to boosting trade exchanges between An Giang and Cambodian localities.

Along with calling for large corporations to invest in border economic zones, the province is penning incentives to mobilise resources to build infrastructure at the areas, helping bolster the border economic development, he added.

Secretary of the provincial Party Committee Le Hong Quang said under its master pl
an during 2021-2023 with a vision to 2050, An Giang will focus on developing border economic zones and economic corridors in tandem with ensuring defence-security, while calling for investment to branch out transport, clean energy and logistics infrastructure, paving the way for the province to become a trade centre that connects the Mekong Delta region with the Cambodian market, and other ASEAN ones.

Last year, the province’s trade turnover via border gates was nearly 2.47 billion USD. In the first quarter of this year, the figure was some 520 million USD. Major exports are rice, fruits, vegetables, fertilisers, cement, steel and animal food, among others, while imports include rice, sand, mango and iron ores./.

Source: Vietnam News Agency

Hanoi: A raft of measures to deal with illegal, unreported and unregulated (IUU) fishing is included in the Government’s freshly issued action programme as the country is striving to clamp down on illegal fishing, or else it will be hit by the European Commission (EC)’s warning card.

Among the short-term measures carried out until May 2024 are improving public awareness of IUU fishing prevention through effective communications and training, and harmoniously and drastically implementing the fisheries law to manage fishing fleet. Besides, it is a must to comply with both Vietnamese and international laws on seafood traceability, while investigating, identifying and handling all acts related to illegal fishing.

Regarding long-term measures, the Government resolves to complete policies and regulations on the fisheries, especially those to thrust on modernisation of the sector, improve fishermen’s livelihoods and direct management of the fishery workers in accordance with both domestic and international labour
regulations.

Furthermore, it will encourage public-private cooperation to develop technical fishery infrastructure, improve the capacity and responsibility of the fisheries surveillance force and competent agencies, and push ahead with state-of-the-art technology application and digital transformation in aquaculture to set up a sustainable production chain and a comprehensive ecosystem towards the circular economy and green economy, deep integration into the global supply chain and response to climate change.

Other highlights of the programme include enhanced international cooperation in the domain, negotiations on delimitation of the exclusive economic zones and continental shelves between Vietnam and foreign countries and settlement of sea disputes, and implementation of the international commitments and treaties on protection of the ocean resources and marine ecosystem.

Right after receiving the EC’s yellow card in 2017, Vietnam promptly enacted the Fisheries Law and established fishing vessel data cove
ring registration and the issuance of fishing licences from central to local levels.

Relevant ministries, agencies, and coastal provinces and cities of the country have ramped up IUU fishing prevention tasks and solutions in line with directives of the permanent members of the Party Central Committee’s Secretariat, the Prime Minister, and the National Steering Committee on IUU Fishing Prevention./.

Source: Vietnam News Agency

Tokyo: The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.

Addressing the event, Ambassador Pham Quang Hieu stressed that Japan’s investments in Vietnam have been on the rise over the past years, with over 74.4 billion USD poured into 5,304 projects as of March 2024, ranking third among the 143 countries and territories investing in the Southeast Asian nation.

The diplomat expressed his belief that the conference will provide a panorama picture on Lao Cai, helping the locality attract more Japanese investments.

Chairman of the provincial People’s Committee Trinh Xuan Truong briefed the participants on Lao Cai’s incentives to investors and cleared up questions raised by the Japanese enterprises.

Tsukada Manabu, Senior Director for Global Strategy (Southeast Asia) at the Japan External Trade Organisation (JETRO), highlighted Lao Cai’s high growth rate as compared with others in
the northern mountainous region, saying apart from agriculture and tourism, the locality boasts potential for biomass power generation and border trade with China.

The conference featured the handover of memoranda of understanding between Lao Cai and Japanese firms, as well as between Vietnamese and Japanese businesses./.

Source: Vietnam News Agency