The Latest Breaking News from Finance Ministry

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 · Mar 18, 2022

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 · Mar 17, 2022

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.

Tribune News Service · Mar 17, 2022

Sanjeev Sanyal — the man of ‘economic sutras’

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

The Hindu · Feb 26, 2022

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

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 · Feb 11, 2022

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.

Bangkok Post · Feb 8, 2022

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…

Asharq Al-Awsat · Feb 4, 2022