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FOUND: 6 - You Need To See This

Ministry to mull delay of land and building tax collection

The Finance Ministry is considering the private sector's proposal to delay and reduce collection of the land and building tax because businesses are struggling with the double whammy of the impact of the pandemic and the Russia-Ukraine war, says minister Arkhom Termpittayapaisith.

Bangkok Post

Cabinet okays extension of hotel subsidy scheme

The cabinet has acknowledged the extension of the fourth phase of the "We Travel Together" hotel subsidy scheme to assist the tourism sector.

Bangkok Post

Finance Ministry delays stock transaction tax

The Finance Ministry will postpone enacting a financial transaction tax on individual stock investors this year until economic conditions are more favourable, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

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US Treasury set to push Russia closer to default

The U.S. Treasury Department is expected to tighten sanctions this week on Russia, threatening about $1 billion owed to bondholders for the rest of this year and putting the country once again on the edge of default.

Tribune News Service

TDX preps trading services for digital tokens

Thai Digital Assets Exchange (TDX), a subsidiary of the Stock Exchange of Thailand (SET), is set to launch trading services for investment and utility tokens in the third quarter after receiving a licence from the Finance Ministry on March 25.

Bangkok Post

Morning Digest | PM Modi to visit Tokyo for Quad summit next week; China’s Pangong bridge construction is in occupied territory, says India, and more

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The Hindu

Supreme Court verdict won’t alter GST regime: Finance Ministry

Kerala, Tamil Nadu hail Supreme Court ruling for safeguarding States’ rights

The Hindu

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Saudi Arabia’s PIF Acquires Stakes in Nintendo

Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co, as the sovereign wealth fund increases its exposure to the Japanese video gaming industry. The investment in the Kyoto-based group company was made for investment purposes, according to a filing to Japan’s Finance Ministry, making the…

Asharq Al-Awsat

GIF rejigs borrowing rules for major liquidity boost

The General Insurance Fund (GIF) has revised regulations to allow it to borrow more to increase liquidity in case the Office of the Insurance Commission (OIC) shuts down more insurance companies in the future, says permanent finance secretary Krisada Chinavicharana.

Bangkok Post

Ministry mulls 5 baht diesel tax cut

The Finance Ministry is considering a proposal from government officials to cut the diesel excise tax by 5 baht per litre when the current tax cut expires on May 20.

Bangkok Post

Diesel subsidies to be extended

The government will likely extend its diesel price subsidy programme that is due to end on May 20, Prime Minister Prayut Chan-o-cha said on Tuesday.

Bangkok Post

Oil Fuel Fund set to borrow billions

The Oil Fuel Fund is expected to finish negotiations with banks this month as it looks to borrow heavily to boost its liquidity, says the Finance Ministry's deputy permanent secretary Theeraj Athanavanich.

Bangkok Post

Criticism of Pawan Hans sale based on distorted facts: Finance Ministry

Centre likely to issue letter of award to winning consortium as early as next week

The Hindu

Fetco hits out at plans for transaction tax on stock trades

The Federation of Thai Capital Market Organizations (Fetco) has urged the Finance Ministry to abandon a proposal to collect a transaction tax from share trades, claiming the stock market still needs tax incentives to support long-term investment.

Bangkok Post

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Bangkok Post

Govt rejects co-payment accusations

The Finance Ministry on Monday denied that the government's "Khon La Khrueng" co-payment subsidy scheme was a tool to tax small vendors.

Bangkok Post

Ministry not ruling out excise tax cut extension

The Finance Ministry has not eliminated the possibility of extending the period set for the reduction of the diesel excise tax, says a ministry source who requested anonymity.

The Hindu

Congress raises questions over Pawan Hans disinvestment, asks why merger with ONGC not explored

The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51% stake in helicopter services provider Pawan Hans Ltd

The Times of India

At Rs 1.68 lakh crore, GST revenues touch all-time high in April

NEW DELHI: At Rs 1.68 lakh crore, the Goods and Services Tax (GST) collection in April touched an all-time high - up nearly 20 per cent from the same period last year, the finance ministry said.

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The Hindu

GST dues: Centre owes States more than the official figures, says Chidambaram

The senior Congress leader wondered why the Finance Ministry "embarrassed" PM Modi by putting out the information on the day he chose to "admonish" the States on fuel tax.

Bangkok Post

Finance Ministry cuts 2022 GDP outlook over Ukraine war

The Finance Ministry on Wednesday reduced its 2022 economic growth forecast to 3.5% from a previous forecast of 4.0%, due to the impact of the Russia-Ukraine war on global growth and inflation, a ministry official said.

Bangkok Post

Ministry delineates plan to fine-tune NSF

The Finance Ministry aims to raise the monthly pension payment for freelancers who are members of the National Savings Fund (NSF) to 10,000 baht to encourage them to become fund members, says minister Arkhom Termpittayapaisith.

The Hindu

Finance Minister Nirmala Sitharaman has urged IMF to assist Sri Lanka: Govt

International Monetary Fund Managing Director Krisalina Georgieva ‘assured the Finance Minister that the IMF would continue to actively engage with Sri Lanka’, said a Finance Ministry readout of the meeting.

Bangkok Post

Arkhom keen to restrain state spending

The Finance Ministry does not want to persist with high spending by state-owned financial institutions as it wants to maintain fiscal discipline, according to finance minister Arkhom Termpittayapaisith.

Bangkok Post

Hitting the bottle

'Lisa' Manoban, the Thai member of South Korea's superstar K-pop group Blackpink, has become a brand ambassador for a famous Scotch whisky company, reigniting discussion over the controversial Alcoholic Beverage Control Act.

Bangkok Post

Govt to start taxing stock market sales this year

The Finance Ministry is standing firm on its plan to impose a financial transaction tax on individual stock investors this year after seeing growth in the local market.

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