FTI favours tax package

Federation of Thai Industries Vice Chairman Nipon Surapongrukchareon on Thursday voiced his support to the government's tax package, saying that the lower corporate tax rates for listed companies would encourage more listings as well as bolster real estate development.

Nipon also noted that the private sector is keeping close eyes on the government's plan to raise export growth to 12.5-15 per cent this year.

"We are monitoring what supporting measures would be implemented to achieve the target," he said.

While export outlook is bright, the strong baht could hurt the target, he said, adding that the government should stabilise the exchange rate.

He also cited that the private sector also wants the government to make it the national agenda to promote alternative fuel consumption. This would require the government to set strategies for the use of oil crops like sugar, tapioca and palm.

"We're also supporting populist policies particularly the village fund. However, there must be a monitoring system to prevent losses and over-spending, which is not benefiting the economy," he noted.

- The Nation

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FTI favours tax package

Federation of Thai Industries Vice Chairman Nipon Surapongrukchareon on Thursday voiced his support to the government's tax package, saying that the lower corporate tax rates for listed companies would encourage more listings as well as bolster real estate development.

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