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The Latest Breaking News from Finance Ministry

Japan agrees B13bn loan

The Royal Gazette has published the Finance Ministry's announcement involving a loan agreement worth 50 billion yen (13.2 billion baht) with the Japan International Cooperation Agency (Jica) to bolster the nation's Covid-19 emergency response.

Bangkok Post · Jun 10, 2022

Palestinian Authority to Pay ‘Partial Wages’ to Most Employees

The Palestinian Authority announced on Tuesday it would pay partial salaries to most of its employees after Israel transferred some revenues it collects on the Palestinians’ behalf, officials said. A week into June, the Palestinian Finance Ministry said employees will receive 80% of their salaries on Tuesday. It has been…

Asharq Al-Awsat · Jun 8, 2022

China to Sell $3.46 Billion of Treasury Bonds in Hong Kong

Borrowings will top last year’s total and mark the 14th straight year for the Finance Ministry to raise funds in Hong Kong

Caixin Global · Jun 7, 2022

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Ministry to mull delay of land and building tax collection

The Finance Ministry is considering the private sector's proposal to delay and reduce collection of the land and building tax because businesses are struggling with the double whammy of the impact of the pandemic and the Russia-Ukraine war, says minister Arkhom Termpittayapaisith.

Bangkok Post · May 29, 2022

Cabinet okays extension of hotel subsidy scheme

The cabinet has acknowledged the extension of the fourth phase of the "We Travel Together" hotel subsidy scheme to assist the tourism sector.

Bangkok Post · May 24, 2022

Finance Ministry delays stock transaction tax

The Finance Ministry will postpone enacting a financial transaction tax on individual stock investors this year until economic conditions are more favourable, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post · May 24, 2022

US Treasury set to push Russia closer to default

The U.S. Treasury Department is expected to tighten sanctions this week on Russia, threatening about $1 billion owed to bondholders for the rest of this year and putting the country once again on the edge of default.

Tribune News Service · May 24, 2022

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TDX preps trading services for digital tokens

Thai Digital Assets Exchange (TDX), a subsidiary of the Stock Exchange of Thailand (SET), is set to launch trading services for investment and utility tokens in the third quarter after receiving a licence from the Finance Ministry on March 25.

Bangkok Post · May 20, 2022

Morning Digest | PM Modi to visit Tokyo for Quad summit next week; China’s Pangong bridge construction is in occupied territory, says India, and more

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The Hindu · May 20, 2022

Supreme Court verdict won’t alter GST regime: Finance Ministry

Kerala, Tamil Nadu hail Supreme Court ruling for safeguarding States’ rights

The Hindu · May 19, 2022

Saudi Arabia’s PIF Acquires Stakes in Nintendo

Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co, as the sovereign wealth fund increases its exposure to the Japanese video gaming industry. The investment in the Kyoto-based group company was made for investment purposes, according to a filing to Japan’s Finance Ministry, making the…

Asharq Al-Awsat · May 19, 2022

GIF rejigs borrowing rules for major liquidity boost

The General Insurance Fund (GIF) has revised regulations to allow it to borrow more to increase liquidity in case the Office of the Insurance Commission (OIC) shuts down more insurance companies in the future, says permanent finance secretary Krisada Chinavicharana.

Bangkok Post · May 18, 2022

Ministry mulls 5 baht diesel tax cut

The Finance Ministry is considering a proposal from government officials to cut the diesel excise tax by 5 baht per litre when the current tax cut expires on May 20.

Bangkok Post · May 12, 2022

Diesel subsidies to be extended

The government will likely extend its diesel price subsidy programme that is due to end on May 20, Prime Minister Prayut Chan-o-cha said on Tuesday.

Bangkok Post · May 10, 2022

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Bangkok Post · May 9, 2022

Oil Fuel Fund set to borrow billions

The Oil Fuel Fund is expected to finish negotiations with banks this month as it looks to borrow heavily to boost its liquidity, says the Finance Ministry's deputy permanent secretary Theeraj Athanavanich.

The Hindu · May 6, 2022

Criticism of Pawan Hans sale based on distorted facts: Finance Ministry

Centre likely to issue letter of award to winning consortium as early as next week

Bangkok Post · May 5, 2022

Fetco hits out at plans for transaction tax on stock trades

The Federation of Thai Capital Market Organizations (Fetco) has urged the Finance Ministry to abandon a proposal to collect a transaction tax from share trades, claiming the stock market still needs tax incentives to support long-term investment.

Bangkok Post · May 2, 2022

Govt rejects co-payment accusations

The Finance Ministry on Monday denied that the government's "Khon La Khrueng" co-payment subsidy scheme was a tool to tax small vendors.

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Bangkok Post · May 1, 2022

Ministry not ruling out excise tax cut extension

The Finance Ministry has not eliminated the possibility of extending the period set for the reduction of the diesel excise tax, says a ministry source who requested anonymity.

The Hindu · May 1, 2022

Congress raises questions over Pawan Hans disinvestment, asks why merger with ONGC not explored

The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51% stake in helicopter services provider Pawan Hans Ltd

The Times of India · May 1, 2022

At Rs 1.68 lakh crore, GST revenues touch all-time high in April

NEW DELHI: At Rs 1.68 lakh crore, the Goods and Services Tax (GST) collection in April touched an all-time high - up nearly 20 per cent from the same period last year, the finance ministry said.

The Hindu · Apr 28, 2022

GST dues: Centre owes States more than the official figures, says Chidambaram

The senior Congress leader wondered why the Finance Ministry "embarrassed" PM Modi by putting out the information on the day he chose to "admonish" the States on fuel tax.

Bangkok Post · Apr 27, 2022

Finance Ministry cuts 2022 GDP outlook over Ukraine war

The Finance Ministry on Wednesday reduced its 2022 economic growth forecast to 3.5% from a previous forecast of 4.0%, due to the impact of the Russia-Ukraine war on global growth and inflation, a ministry official said.

Bangkok Post · Apr 24, 2022

Ministry delineates plan to fine-tune NSF

The Finance Ministry aims to raise the monthly pension payment for freelancers who are members of the National Savings Fund (NSF) to 10,000 baht to encourage them to become fund members, says minister Arkhom Termpittayapaisith.

The Hindu · Apr 20, 2022

Finance Minister Nirmala Sitharaman has urged IMF to assist Sri Lanka: Govt

International Monetary Fund Managing Director Krisalina Georgieva ‘assured the Finance Minister that the IMF would continue to actively engage with Sri Lanka’, said a Finance Ministry readout of the meeting.

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