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HISTORICAL FACTS: 4 - Caught on Camera

Arkhom plays down possibility of a slump

The Thai economic recovery is not expected to be greatly affected if the world goes into recession next year, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Finance Ministry mulls steps like auto debiting other accounts of issuer to curb cheque bounce cases

Trade bodies have been pitching for changes in the cheque bounce law for the fast disposal of such cases

The Hindu

Flood-ravaged Pakistan contests ratings downgrade by Moody's

Pakistan is contesting a downgrade of its rating by Moody’s Investors Service, insisting it has adequate reserves and financing to repay foreign debt even after the worst flooding in its history

The Independent UK

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Finance Ministry releases ₹7,183 crore grant to 14 States

With the release of seventh instalment for the month of October, 2022, the total amount of Revenue Deficit Grants released to the States in current fiscal has gone up to ₹50,282.92 crore, an official statement said.

The Hindu

Cabinet reiterates BoT has free rein for its duties

The government has pledged it will not intervene in the central bank's handling of inflation, interest rates and the baht's movement, instead asking the Finance Ministry to provide additional information to the bank.

Bangkok Post

FPO: Unnecessary waivers, deductions need scrapping

The Fiscal Policy Office (FPO) is to ask the Finance Ministry to consider winding down unnecessary measures related to tax waivers and tax deductions, in the wake of a decline in net government revenue as a proportion of GDP, says a ministry source who requested anonymity.

Bangkok Post

Morning digest | Not connected to PFI, says SDPI; R. Venkataramani is the new Attorney General of India, and more

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The Hindu

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State mulls higher NSF contributions

The Finance Ministry is considering a higher government contribution to the National Savings Fund (NSF) in order to increase retirees' income, says Arkhom Termpittayapaisith.

Bangkok Post

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

New VAT mulled that targets luxury goods

The Finance Ministry is considering the introduction of a two-tier value-added tax (VAT) rate that could generate additional revenue of more than 100 billion baht, says a ministry source who requested anonymity.

Bangkok Post

Keeping the scammers at bay

Authorities and regulators are stepping up efforts to prevent financial fraud, especially online scams, with measures ranging from plugging legal loopholes to the use of advanced technology.

Bangkok Post

Weak baht takes centre stage

The Finance Ministry will hold talks with the Bank of Thailand to discuss and delve into the factors behind the weakening baht, said Finance Minister Arkhom Termpittayapaisith.

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.

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.

Bangkok Post

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Bangkok Post

Arkhom calls for study of loopholes related to forex

Finance Minister Arkhom Termpittayapaisith has asked the Securities and Exchange Commission (SEC) and the Bank of Thailand to examine any legal loopholes to prevent recurring cases of foreign exchange Ponzi schemes.

The Hindu

Lower Kharif sowing calls for deft management of foodgrain stock, prices: Finance Ministry report

There is no “room for complacency on the inflation front as lower crop-sowing for the Kharif season calls for deft management of stocks of agricultural commodities and market prices without unduly jeopardising farm exports”, the report said

Bangkok Post

Revenue expected to exceed 2022 target

Fiscal 2022 will be the first year since the pandemic broke out for government revenue collection to exceed its target, says Krisada Chinavicharana, permanent secretary of the Finance Ministry.

The Hindu

Morning Digest | India raises Sri Lankan Tamil issue in U.N.; Measures to cool food inflation will deliver in coming weeks, says Finance Ministry, and more

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The Hindu

Measures to cool food inflation will deliver in coming weeks, says Finance Ministry

Core inflation below 6% for 4th successive month, says Finance Ministry

Bangkok Post

THAI angles for a return to global glory

Troubled national carrier Thai Airways International (THAI) is aiming to make a comeback and reach a top 10 global ranking for airlines.

Bangkok Post

Finance Ministry gets all clear to guarantee B85bn Egat loan

The Finance Ministry has been given the green light to guarantee a loan worth 85 billion baht which the Electricity Generating Authority of Thailand (Egat) will use to cushion the effect of a higher fuel tariff (Ft) driving up household electricity bills.

Bangkok Post

Finance ministry details tax on city farm land

The criteria of the land and building tax regarding farm land must be applied to all farm land on an equal and indiscriminate basis, according to a Finance Ministry source.

Bangkok Post

Bruised THAI aims for the skies again

Thai Airways International Plc (THAI) is aiming to resume its position as one of the world's top ten airlines after the completion of its rehabilitation process, the national flag carrier's executives said.

Bangkok Post

Cabinet okays oil fund guarantee

The cabinet on Tuesday approved a draft executive decree to allow the Finance Ministry to guarantee the loan repayment and borrowings worth up to 150 billion baht of the Oil Fuel Fund Office.

Bangkok Post

Government moves to tame fuel crisis

The government will roll out a set of measures to ease the economic impact of the global fuel crisis caused by the Russia-Ukraine war, said Krisada Chinavicharana, permanent secretary of the Finance Ministry.

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People

Arkhom Termpittayapaisith

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