The Latest Breaking News from Finance Ministry

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 · Feb 22, 2022

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 · Feb 14, 2022

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 · Feb 13, 2022

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.

Bangkok Post · Jan 28, 2022

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."

Benzinga · Jan 25, 2022

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.

Bangkok Post · Jan 23, 2022