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The Latest Breaking News from Finance Ministry

THAI angles for a return to global glory

Troubled national carrier Thai Airways International (THAI) is aiming to make a comeback and reach a top 10 global ranking for airlines.

Bangkok Post

Finance Ministry gets all clear to guarantee B85bn Egat loan

The Finance Ministry has been given the green light to guarantee a loan worth 85 billion baht which the Electricity Generating Authority of Thailand (Egat) will use to cushion the effect of a higher fuel tariff (Ft) driving up household electricity bills.

Bangkok Post

Finance ministry details tax on city farm land

The criteria of the land and building tax regarding farm land must be applied to all farm land on an equal and indiscriminate basis, according to a Finance Ministry source.

Bangkok Post

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Bruised THAI aims for the skies again

Thai Airways International Plc (THAI) is aiming to resume its position as one of the world's top ten airlines after the completion of its rehabilitation process, the national flag carrier's executives said.

Bangkok Post

Cabinet okays oil fund guarantee

The cabinet on Tuesday approved a draft executive decree to allow the Finance Ministry to guarantee the loan repayment and borrowings worth up to 150 billion baht of the Oil Fuel Fund Office.

Bangkok Post

Government moves to tame fuel crisis

The government will roll out a set of measures to ease the economic impact of the global fuel crisis caused by the Russia-Ukraine war, said Krisada Chinavicharana, permanent secretary of the Finance Ministry.

Bangkok Post

A timely gesture: On the releases of tax devolution dues to States

Transferring more tax devolutions to States early in the year is a prudent move

The Hindu

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To boost spending, Centre releases ₹1.16 lakh crore to States

Two months’ tax dues remitted in one go to ease States’ fiscal constraints after GST compensation sunset

The Hindu

Parliamentary proceedings | Value of fake notes in banking system recorded over 80% decline from 2016-17 to 2021-22: Pankaj Choudhary

Minister of State in Finance Ministry attributes the gain to demonetisation in 2016

The Hindu

Parliament proceedings | ED attached ₹47,099 crore assets in 515 bank fraud cases since 2014: Finance Ministry

Out of the 515 cases, 137 cases pertain to bank frauds where the amount involved is more than ₹100 crore in each case

The Hindu

Delay in disbursing national fellowships hits disabled, SC, OBC Ph.D. scholars

Officials say the fellowships funded by Social Justice Ministry haven’t been disbursed since April due to change in fund flow rules by Finance Ministry

The Hindu

$2Bln in Auction of UAE Treasury Bonds

The United Arab Emirates, represented by the Ministry of Finance as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, announced Monday the results of the third auction of the Treasury Bonds program (T-Bonds). This program is part of the AED9…

Asharq Al-Awsat

Business: GST collection in July surges 28 per cent to Rs 1.49 L cr

During July this year, revenue from import of goods was 48% higher while revenue from domestic transactions (including import of services) was 22 per cent higher than the revenues from these sources during the same month last year. Full story on Dynamite News:

Dynamite News

Finance Ministry keeps 2022 growth outlook at 3.5%, sees 4% in 2023

The Finance Ministry on Tuesday said it sees economic growth of 4% next year, and maintained its 2022 growth forecast at 3.5%, underpinned by increased domestic consumption, tourism and exports, despite higher inflation.

Bangkok Post

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Bangkok Post

BMTA gets nod to seek loans despite mounting debt

The Bangkok Mass Transit Authority (BMTA) has been given the green light to seek loans worth 7.5 billion baht to ensure its liquidity remains at an acceptable level, deputy government spokeswoman Traisuree Taisaranakul says.

Bangkok Post

Cabinet signs off on B3.22bn port deal

The cabinet has approved a public-private partnership deal worth 3.22 billion baht to manage the Map Ta Phut Industrial Port in Rayong province.

Bangkok Post

Easier terms eyed for loan guarantees

The Finance Ministry and the Bank of Thailand are considering looser terms for loan guarantees for the central bank's soft loan scheme, aiming for easier access for small and medium-sized enterprises (SMEs), says a ministry source who requested anonymity.

The Hindu

Morning Digest | India’s current account deficit a concern, says Finance Ministry; Saudi Arabia lifts ban on Israeli flights, and more

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Bangkok Post

TCG seeks green light for PGS10

The state-owned Thai Credit Guarantee Corporation (TCG) has requested the Finance Ministry endorse its plan to launch Port Guarantee Scheme 10 (PGS10), with the aim of helping small and medium-sized enterprises (SMEs) access its loan guarantee on a lower cost basis, said TCG president Sittikorn Direksoonthorn.

Bangkok Post

State backs makers of devices for elderly

The Finance Ministry is seeking ways to reduce the production cost for local manufacturers of medical equipment and devices for the elderly, says Minister Arkhom Termpittayapaisith.

Bangkok Post

Ministry upbeat on baht rebound

The Finance Ministry expects the baht's value to rebound in the second half this year, in line with the anticipated narrowing of the current account deficit, says a ministry source who requested anonymity.

The Hindu

Finance Ministry asks banks to explore fintech partnership, co-lending opportunities

The sources said banks were asked to expedite non-performing assets (NPAs) resolution and focus on the recovery of bad loans

Bangkok Post

Land windfall tax law to be resurrected

The Finance Ministry plans to dust off the land windfall tax law as part of the country's reform of its tax system, says Krisada Chinavicharana, the permanent finance secretary.

Asharq Al-Awsat

UAE to Hold Second Auction of Dirham T-Bonds Worth $408Mln

The UAE Finance Ministry said Saturday that a second auction of federal treasury bonds (T-Bonds) would be held on June 20. The auction size will be AED1.5 billion ($408 million) distributed over two tranches: a two-year tranche valued at AED 750 million and a three-year tranche valued at AED750 million…

Daily Mirror

Mum-of-22 admits life is 'hard' taking care of kids after millionaire husband's arrest

Russian mother Cristina Ozturk lived with her hotel owner husband Galip Ozturk in the coastal city of Batumi, Georgia, before his arrest during a special forces op on May 31

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