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Electricity Ft cut
The Energy Regulatory Commission has agreed to cut the fuel tariff (Ft) on electricity for January to April 2015 by 10.04 satang per unit to lower the costs of electricity users.
ERC spokesman Veerapol Jirapraditkul said after a meeting of the commission that the Ft rate, a variable electricity charge, would go down from 69 satang per unit to 58.96 satang.
Recent sharp drops in global crude-oil prices were cited as the reasons for the Ft cut. He expects the oil price to stay at US$60 per barrel during the January-April period.
Nano-finance licences
The Finance Ministry will offer nano-finance business licences from the beginning of the new year.
According to an announcement made on December 9 by the ministry’s permanent secretary Rangsan Sriworasat, the Fiscal Policy Office will supervise nano-finance business operators and set principles, procedures and conditions.
A nano-finance business operator is required to be a public limited company with registered and paid-up capital of no less than Bt50 million. Loans are limited to Bt100,000.
This service is aimed at 581,973 low-income earners and 1.3 million households.
