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The Latest Breaking News from Finance Ministry

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.

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

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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.

Bangkok Post

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

The Independent UK

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.

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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.

Bangkok Post

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.

The Hindu

PM to address webinar on Budget by Finance Ministry on March 8

Budget announcements to be discussed

The Hindu

Ministry mulls options for diesel

The Ukraine-Russia conflict has led to rising global oil prices, raising concerns the Finance Ministry will have to inject additional funds to keep the retail price of diesel below 30 baht a litre, says a ministry source who requested anonymity.

Bangkok Post

Sanjeev Sanyal — the man of ‘economic sutras’

He left Finance Ministry for a bigger role in Economic Advisory Council to PM

The Hindu

Sudan Govt Reverses Decision to Raise Price of Cooking Gas

The Sudanese government reversed on Sunday a decision to raise the price of cooking gas only a few hours after announcing the hike. In a statement reported by Sudan’s official news agency SUNA, the Ministry of Energy and Oil announced a new rise in cooking gas prices for the second…

Asharq Al-Awsat

Finance Minister Arkhom to push for diesel tax cut

The Finance Ministry is expected to propose cutting the excise tax on diesel to the cabinet on Tuesday, in a bid to ease the impact on the cost of transport, a ministry source said on Monday.

Bangkok Post

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Bangkok Post

Reform of EV duties urged

The Finance Ministry plans to propose to the cabinet a reduction of the import duty for electric vehicles (EVs) to 40%, 20% and zero percent, each depending on the engine size, says Deputy Finance Minister Santi Promphat.

Bangkok Post

Ministry eager to soothe oil misery

The Finance Ministry is considering using the remaining funds from the 500 billion baht in borrowing under the second emergency loan decree to ease the impact of high oil prices on the cost of living, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

State mulls waiver for tax on stock trading

The Finance Ministry is considering the Federation of Thai Capital Market Organizations' (Fetco) proposal to extend the waiver of the transaction tax for stock trades because reimposing it can cause trading costs to increase by 70% for general investors and 170% for foreign investors.

Asharq Al-Awsat

Oman Signs Three MoUs with Saudi Fund for Development

Oman’s Finance Ministry signed on Thursday three Memorandums of Understandings (MoUs) with the Saudi Fund for Development (SFD) to finance several projects worth RO94 million (about $244 million). The first MoU aims at supporting small and medium enterprises (SMEs) by allocating funds to give access to soft loans in various…

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Bangkok Post

Taxman to go easy on crypto traders

The Finance Ministry plans to ease tax rules for investments in digital assets, a senior official said on Friday, following a surge in crytocurrency trading.

Bangkok Post

Finance Ministry keeps 2022 GDP outlook despite Omicron

The Finance Ministry on Friday maintained its 2022 economic growth forecast at 4.0%, driven by a recovery in domestic spending and tourism, with Covid-19 outbreaks driven by the Omicron variant yet to have a significant impact.

Benzinga

The Russian Finance Ministry said: Crypto should be regulated, not banned

Russia should regulate the crypto market, not ban it, Finance Ministry official Ivan Chebeskov said on Tuesday, appearing to contradict the central bank, which last week proposed banning the use and mining of cryptocurrencies. "We need to regulate, not ban," Chebeskov said "Regulation is sufficient to protect our citizens."

Bangkok Post

Draft targets resolution of retirement fund shortages

The Finance Ministry is studying a plan to separate the retirement fund from the Social Security Fund and seek ways to more efficiently and flexibly promote the retirement fund, especially in terms of management, says Warotai Kosolpisitkul, an adviser to the Fiscal Policy Office.

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Jurin Laksanawisit

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Arkhom Termpittayapaisith

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