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The Latest Breaking News from Finance

UK finance minister John Healey to present first Budget on October 28

Britain's new Finance Minister John Healey will present his first Budget on October 28, pledging to maintain the government's fiscal rules despite growing pressure on public spending.

The Times of India

Thailand seeks to lift investment

Thailand aims to raise total investment to 30% of GDP to escape the middle-income trap and achieve high-income status within the next 12 years, Finance Minister Ekniti Nitithanprapas said.

Bangkok Post

Housing approvals rebound, but still behind targets

The number of dwellings granted approval has hit a five-year high, but national housing levels still lag behind federal targets.

AAP

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Bengal govt tables 28 pending CAG reports, accuses TMC of 'constitutional lapse'

West Bengal's BJP government tabled twenty-eight pending CAG reports in the Assembly. The Finance Minister cited a constitutional lapse by the previous TMC government. A special session will convene to discuss the reports' findings and state finances. These reports cover various departments and sectors, detailing financial accounts and audits. The…

The Economic Times

Finance minister Nirmala Sitharaman asks I-T officials to ease burden on honest taxpayers

Finance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm action against tax evasion and economic certainty. Officials must adopt an empathetic approach while enforcing tax laws. Sitharaman outlined five priorities for the Income Tax Department. She advised officials to exercise their powers with humility and…

The Economic Times

Thailand ‘needs to speed clean energy shift’

Thailand faces growing risks of another surge in global oil prices as geopolitical tensions in the Middle East threaten energy supplies, highlighting the urgent need to accelerate the country’s transition to clean energy, vice-Finance Minister Santitarn Sathirathai said on Friday.

Bangkok Post

Welfare card rules rejigged

The Finance Ministry has revised the eligibility criteria for the state welfare card scheme, allowing owners of older vehicles to retain their benefits while extending the deadline for unsuccessful applicants to appeal until Sept 20.

Bangkok Post

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Finance minister vows to raise Thai competitiveness

The government wants Thailand to break into the top 20 in a global competitiveness ranking over the next four years, rising from 26th.

Bangkok Post

Ministry taps public-private projects to ease fiscal strain

The Finance Ministry is fast-tracking public-private partnership (PPP) projects, with total PPP investment expected to exceed 130 billion baht over the next three years.

Bangkok Post

SNP will not step in to stop cuts to Scottish island flights, Stephen Flynn says

SCOTTISH Transport Secretary Stephen Flynn has said the SNP Government will not step in with funding after flights serving the Highlands and Islands…

The National (Scotland)

Stronger European links needed

Speaking at the National Press Council of Thailand on July 4, Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas gave one of the clearest recent statements of the government's economic thinking: Thailand is being hit by global shocks it cannot control and domestic weaknesses it can no longer defer. Investment,…

Bangkok Post

Ministry seeks to bridge economies at global summit

Thailand will champion its role as a "connected economy", helping to bridge a fragmented world at this October's International Monetary Fund-World Bank Annual Meetings, says Finance Minister Ekniti Nitithanprapas.

Bangkok Post

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The Canberra Times

Supreme Court to hear pleas seeking probe into Ram temple donations row on July 13

The Supreme Court will hear pleas concerning alleged Ram temple donation embezzlement on July 13. An Ayodhya court granted police remand for three accused in the theft case. Eight individuals were previously sent to judicial custody by a local court. Petitioners seek a CBI probe and CAG audit of temple…

The Economic Times

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Bangkok Post

Appeal for energy reforms as oil prices still fluctuate

Global crude oil prices remain highly volatile due to geopolitical factors, underscoring the need for Thailand to urgently address its structural weaknesses, says Finance Minister Ekniti Nitithanprapas.

Bangkok Post

Ekniti: Act swiftly to avoid crisis

Thailand must act quickly to stem its mounting current account deficit before it spirals into a current account crisis, says Finance Minister Ekniti Nitithanprapas.

Bangkok Post

Strong medicine for a sick economy

Listening attentively for 52 minutes to Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas' diagnosis of Thailand's deep economic malaise, one could easily have suffered a heart seizure. Fortunately, he used the analogy of a patient with cancer who must determine what treatments are required to cure the disease in…

The Economic Times

"Party no longer exists": BJP's Dilip Ghosh slams TMC following Chandrima Bhattacharya's resignation

A wave of resignations is sweeping through the Trinamool Congress, with former Finance Minister Chandrima Bhattacharya stepping down from all party posts. BJP leader Dilip Ghosh criticised the party's leadership and questioned Bhattacharya's silence on the state's financial woes. Bhattacharya cited Mamata Banerjee's accusations regarding Trinamool Bhavan as the reason…

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Bangkok Post

Budget bill clears first reading

The House of Representatives on Thursday voted to advance the government's 3.788-trillion-baht national budget bill for the 2027 fiscal year, sending it to a 72-member special committee for scrutiny.

Euronews

Newsletter: EU enlargement climbs the political agenda

Good morning, I’m Mared Gwyn. Today: An exclusive on Brussels' planned redistribution of Western Balkans funding, why enlargement dominated the opening of Ireland's EU Council presidency, and a preview of the EU budget conference kicking off in Brussels.

The Economic Times

Japan shifts to ambush intervention tactics against yen short sellers, sources say

Japan's finance ministry is shifting tactics, abandoning public warnings about currency intervention. Officials now aim to surprise speculators by intervening abruptly to support the weakening yen, a move designed to increase the cost of betting against the currency. This strategy, coupled with the Bank of Japan's hawkish stance, signals a…

The Economic Times

Bijay Kumar Mohanty assumes additional charge as CMD, IREDA

India's state owned Indian Renewable Energy Devlopment Agency (IREDA) on Wednesday, says its director of Finance, Bijay Kumar Mohanty who has assumed additional charge of Chairman and Managing Director on July 1. He's a fellow member at of the Institute of Cost Accountants of India and has 27 years of…

The Economic Times

HDFC Bank shares in focus as lender appoints ex-finance secretary Rajiv Kumar as part-time chairman

HDFC Bank has appointed former IAS officer and ex-Chief Election Commissioner Rajiv Kumar as its Part-time Chairman, following Atanu Chakraborty's abrupt resignation over ethical concerns. Kumar, known for his role in cleaning up public sector bank balance sheets, will serve a three-year term subject to RBI approval. The bank also…

Bangkok Post

Finance minister presents B3.79 trillion deficit budget to parliament

The government and the opposition both expressed concern about Thailand's financial status when the finance minister presented his 2027 budget bill to parliament on Monday.

The Economic Times

PFC-REC merger explained: Swap ratio, rationale, other key details as merger set to create Rs 11 lakh cr power financing giant

The proposed merger of Power Finance Corporation and REC will create India's largest power sector financing institution with a combined loan book exceeding Rs 11 lakh crore. Here's a look at the approved share swap ratio, merger rationale, pending approvals, record date details, and what the restructuring means for shareholders.

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