What's in store

What's in store

The Pheu Thai-led coalition announces its policy statement to Parliament today. Here are the economic policies it plans to implement:

- Tax structure reforms

- Corporate income tax deduction to 23% in 2012 from currently 30%

- Tax deduction for firsthome and first-car buyers

- Village and urban community funds of 1 million baht per village/community

- SMLfundof 300,000, 400,000 and 500,000 baht

- Rice paddy mortgage

- Debt moratorium and restructuring schemes for farmers

- Progressive monthly allowances for the elderly

- Daily minimum wage hike to 300 baht

- Monthly minimum salaries for university graduates of 15,000 baht

- Credit cards for farmers to buy essentials and farm equipment

- Credit cards for public transport operators to buy fuel

- Cut levy collection for the Oil Fund for premium and regular petrol and diesel

- One Tablet per Child for primary school students nationwide

- Free public WiFi service

- Promote internet access with a goal of80%of Thai households to have ICT services by 2015

- Consolidate static concession contracts with rapidly evolving technologies and customer needs

- High-speed trains from Bangkok to Chiang Mai,Nakhon Ratchasima and Hua Hin with route connections to neighbouring countries

- Airport Rail-link extension from Suvarnabhumi Airport to Chon Buri and Pattaya

- Southern deep-sea port and land-bridge development across the Gulf of Thailand and Andaman coast

- Ten Skytrain and subway routes across Greater Bangkok to begin construction in four years, with fares cut to a flat rate of 20 baht for all routes