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The Latest Breaking News from Finance

Saudi Arabia Expects Sustainable Surplus Budgets until 2025

The Saudi Ministry of Finance disclosed estimates of its budgets until 2025, showing positive trends and expectations of sustainable financial surpluses during the medium term. The preliminary statement of the state’s general budget for the fiscal year 2023 expected total expenditures to reach about 1.11 billion riyals ($296 billion), and…

Asharq Al-Awsat

Lebanon: Govt Seen Backtracking from FX Move

The Lebanese finance ministry seemed on Thursday backing away from a Nov. 1 start date to slash the official exchange rate. The ministry said on Wednesday the official exchange rate of 1,507 pounds per dollar would be replaced with one of 15,000, calling this a step towards unifying multiple rates…

Asharq Al-Awsat

Lebanon to Slash Official Exchange Rate from Nov. 1, Finance Min Says

Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a rate of 15,000 in a step towards unifying numerous exchange rates, the finance minister told Reuters on Wednesday. The pound has plunged by more than 95% from the official rate…

Asharq Al-Awsat

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Russia could make asset purchases under budget rule in 2023 -Ifax cites Finance Minister

Russia could make asset purchases under its budget rule next year, when oil prices are above the base level, the Interfax news agency cited Finance Minister Anton Siluanov as saying on Tuesday.

Reuters

Budget 2023: All the big winners in €11bn package announced by Government

Finance Minister Paschal Donohoe and Public Expenditure Minister Michael McGrath addressed TDs at lunchtime today and released the highly anticipated details of next year's Budget

Dublin Live

Govt plans B820bn in new borrowing in 2023 fiscal year

The cabinet on Tuesday approved new borrowing of about 820 billion baht in the 2023 fiscal year starting Oct 1 to help finance a budget deficit, the Finance Ministry said.

Bangkok Post

State’s tightrope walk in terms of finances continues

TS opted for special drawing facility on all days in July and WMA for 30 days

The Hindu

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Lexington finance commissioner reports on current and projected economy

Citizens in communities across the country are wondering how their local economies will fare over the coming year. That’s likely the case in the Commonwealth’s second largest city.

WEKU

Arkhom says 'nothing serious' as baht hits 37.78 per dollar, 16-year low

The Bank of Thailand (BoT) is closely monitoring the baht currency's weakness but there has been no big concern yet, the finance minister said on Monday, as the currency hit its lowest in 16 years against the dollar.

Bangkok Post

Saudi Crown Prince, Turkish Officials Discuss Means to Develop Relations

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, received in Jeddah on Saturday Turkish presidential spokesman Ibrahim Kalin and Turkish Treasury and Finance Minister Nureddin Nebati. Talks focused on bilateral relations between Saudi Arabia and Türkiye and ways to bolster them in various fields. They…

Asharq Al-Awsat

5 MPs want Shashi Tharoor to continue as IT panel chairman

It includes a BJP MP from Rajya Sabha

The Hindu

Buggana refutes Yanamala allegations on fiscal management

Violations mentioned by CAG were related to TDP regime, says Finance Minister

The Hindu

Boeing will outsource more corporate jobs to India

Boeing told nonunion corporate staff in an all-hands virtual meeting this month that it will begin outsourcing finance and accounting jobs to Tata Consultancy Services of India.

Tribune News Service

Government's MUDRA loan scheme 'practically worthless' in promoting businesses: Senior congress leader Chidambaram

The former Finance Minister also said he is not surprised that the non-performing asset ratio is the highest under the MUDRA loan scheme.

The Hindu

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The Hindu

Skill parks will be extended to more places : Finance Minister

Vocational courses and skill training programmes inaugurated as part of ASAP

Bangkok Post

Officials pile pressure on Bank of Thailand to shield baht

The Bank of Thailand (BoT) and the Finance Ministry will soon meet to discuss the baht after it tumbled to the lowest in nearly 16 years, signalling growing concerns among officials that the currency slump can threaten a tepid recovery and stoke inflation.

Newsroom.co.nz

Govt's income insurance plans prove polarising

Businesses and unions are at odds over the merits of a social unemployment scheme.

Bangkok Post

Acting PM Prawit asks Finance Ministry to monitor weak baht

Acting Prime Minister Prawit Wongsuwan has asked the Finance Ministry to closely monitor the weak baht and its volatility and seek broad opinion to determine policies, a government official said on Tuesday.

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Bangkok Post

New law forces Student Loan Fund rejig

The Student Loan Fund needs to review its management to ensure sustainability, says Finance Minister Arkhom Termpittayapaisith.

The Hindu

State facing a tough financial scenario after Onam

Govt. reportedly staring at an overdraft situation

The Hindu

Nirmala Sitharaman initiates crackdown on illegal loan apps

The Union Finance Minister asks RBI to prepare a 'Whitelist' of legal loan apps

Bangkok Post

Arkhom pushes insurance variants

The Office of the Insurance Commission should consider approving insurance that covers environmental damage and damage to state infrastructure, says Finance Minister Arkhom Termpittayapaisith.

ABC News

Katy Gallagher and Stuart Robert call for investigation into Greywolf Resources on Q+A, after Aussies lose millions

The Shadow Assistant Treasurer joins calls for ASIC to look into Greywolf Resources, after dozens of Australians lose their hard-earned savings by investing in the purported mining exploration business.

ABC News

Viral claims are blaming a surge in excess deaths in Europe on vaccines. But experts say that's not the case

A jump in the number of deaths among children in Europe could be caused by numerous factors, experts said, but vaccines are not to blame.

The Times of India

Economy likely to grow at 7-7.4% in FY23, says finance secretary

NEW DELHI: The government is expecting the economy to grow at 7-7.5 per cent in 2022-23, in line with its projections made at the beginning of this financial year.

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