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The Latest Breaking News from Finance Ministry

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

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.

Bangkok Post

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.

The Hindu

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Arkhom keen to restrain state spending

The Finance Ministry does not want to persist with high spending by state-owned financial institutions as it wants to maintain fiscal discipline, according to finance minister Arkhom Termpittayapaisith.

Bangkok Post

Hitting the bottle

'Lisa' Manoban, the Thai member of South Korea's superstar K-pop group Blackpink, has become a brand ambassador for a famous Scotch whisky company, reigniting discussion over the controversial Alcoholic Beverage Control Act.

Bangkok Post

Govt to start taxing stock market sales this year

The Finance Ministry is standing firm on its plan to impose a financial transaction tax on individual stock investors this year after seeing growth in the local market.

Bangkok Post

India offers help to end Russia-Ukraine conflict

Russia is ‘very important partner’, says External Affairs Minister.

The Hindu

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Centre has promised to hasten process of approval for Mekedatu: Bommai

Bengaluru

The Hindu

Indian government helps central bank to circumvent inflation law

India’s finance ministry let RBI escape accountability for missing the inflation target in 2020.

Al Jazeera

GIF seeking loan to handle claims

The General Insurance Fund (GIF) is seeking a loan from Government Savings Bank in order to pay Covid-19 claims to policyholders of shuttered non-life insurance companies, says a source at the Finance Ministry who requested anonymity.

Bangkok Post

Ministry closes 2 Covid-hit insurers

The Finance Ministry has revoked the business licences of Southeast Insurance and Thai Insurance, effective yesterday, after the two companies were declared financially incapable of paying outstanding claims, according to the Office of the Insurance Commission (OIC).

Bangkok Post

Inflation and Ukraine keep equities subdued

Recap: World stocks slid yesterday on worries about the Russia-Ukraine war and rising inflation that may force central banks into more aggressive interest-rate increases, potentially triggering a recession.

Bangkok Post

Two Covid-hit insurers closed

The Finance Ministry has revoked the business licences of Southeast Insurance and Thai Insurance, effective from Friday, after the two companies were declared financially incapable of paying outstanding claims, according to the Office of the Insurance Commission (OIC).

Bangkok Post

The demand for restoring the old pension scheme

How will the National Pension Scheme benefit the employees ? What are the changes introduced in the scheme ?

The Hindu

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The Hindu

U.S. Deputy NSA cautions India against trade deals with Russia

Daleep Singh warns India of ‘consequences’.

Bangkok Post

Local equities rally on new peace talks

Thai equities rallied on Wednesday after progress in peace talks between Russia and Ukraine raised hopes for a resolution and the Finance Ministry's decision to postpone imposing a transaction tax on individual stock investors boosted investor morale.

Bangkok Post

Economic outlook turns dour as committee meets

All eyes are on the Bank of Thailand as rising inflation, spiking energy prices, a weakened baht and the impact of the war in Ukraine could all combine to influence a revision of key economic figures, especially GDP growth and interest rates, at the central bank's rate-setting committee meeting on…

Bangkok Post

Ministry to postpone tax on stock transactions

The Finance Ministry expects to postpone the plan to slap a financial transaction tax on individual stock investors for a certain period because of unfavourable economic conditions, says permanent secretary Krisada Chinavicharana.

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Bangkok Post

Thailand plans to sell up to B265 govt bonds in April-June

The government plans to sell up to 265 billion baht ($7.86 billion) of government bonds in the April-June period as part of debt management plans, according to the Finance Ministry.

Bangkok Post

Growth outlook needs rejig

The Finance Ministry plans to revise its 2022 forecast for Thai economic growth next month, focusing on the impact of rising inflation and spiking energy prices, says a ministry source who requested anonymity.

Bangkok Post

Excess revenue to help public

If Thailand's revenue in fiscal 2022 exceeds the government target, the Finance Ministry will spend the excess money on easing people's living costs, says the ministry's permanent secretary Krisada Chinavicharana.

The Independent UK

Russia says it transferred bond payment to avoid default

Russia’s Finance Ministry said it transferred a $117 million bond interest payment in an attempt to avoid a default on government debt but left it open if the money actually reached foreign investors by the deadline

Tribune News Service

Russia’s bond payment is in limbo as countdown to default begins

Russia’s Finance Ministry said that it has sent payment orders for the interest on its dollar bonds to its correspondent bank, giving incremental details on a debt settlement that has come to exemplify how Moscow plans to handle its future relations with creditors.

Bangkok Post

Incentives entice two car makers

A Japanese and a Chinese car manufacturer plan to invest in producing battery-powered pickups in Thailand later this year, says a Finance Ministry source who requested anonymity.

The Hindu

AIIMS approval for Kerala after Finance Ministry nod, says Union Minister

The Ministry of Health and Family Welfare has said that the approval for an All-India Institute of Medical Sciences (AIIMS) for Kerala would be subject to clearance by the Finance Ministry.

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