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Central bank should be less independent : Thaksin

13 Sept 00:29Key points summarised by AI

Former PM Thaksin Shinawatra asserts the Bank of Thailand should reduce its independence, becoming more responsive to government policies, and criticizes its staff for perceived inexperience.
He contends the central bank excessively protects commercial banks, hindering support for struggling customers and absorbing liquidity, necessitating government stimulus like the 'digital wallet' scheme.
Thaksin reveals government plans to issue a 'Stable Coin' backed by bonds to boost liquidity and proposes tax reforms, including cuts to income/corporate taxes and increased VAT, to enhance economic competitiveness.
He suggests safeguarding Thai SMEs by taxing online businesses and banning non-tax-compliant shopping apps, while envisioning a future Thai economy driven by creativity and data centers.

Today 09:44Key points summarised by AI

President Trump announced a 25% tariff on foreign-built vehicles and parts, effective April 3, citing national security and the need to revitalize American manufacturing.
The administration justified the tariffs by accusing 'foreign trade cheaters' of eroding the US industrial base and turning it into a 'lower wage assembly operation'.
These new tariffs, in addition to existing duties, are expected to strain relations with major trading partners like Japan, Germany, Canada, and Mexico, potentially increasing car prices and impacting the US economy.
The move has caused financial market jitters and drawn criticism, though USMCA-compliant vehicles and parts may qualify for lower rates.