Thai backhoe and truck owners seek debt moratorium from Finance Ministry

Owners of six-wheel trucks and backhoe excavators are seeking help from the Finance Ministry, by negotiating with commercial banks or other financial institutes, to freeze their debt and interest payments…

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Govt’s latest COVID-relief loan triggers fears over transparency, public debt   

Controversy has erupted over the government’s move to borrow another huge sum to aid recovery from the virus crisis.  The government opted for an emergency decree to sanction an extra…

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(Photo by PORNCHAI KITTIWONGSAKUL / AFP)

Tax hikes may be unavoidable in post-COVID economy  

COVID-19 has dealt a double blow to Thailand’s finances, reducing tax revenue while increasing the amount of money the government must spend to keep the economy afloat. The Cabinet recently…

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Third phase of consumer co-payment scheme expected in May

Thailand’s Finance Ministry is working on the third phase of the 50:50 co-payment scheme, which is expected to be launched in May, to boost domestic consumption. Kulaya Tantitemit, director of…

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THAI union opposes reduction of Finance Ministry’s stake in the ailing airline

The labour union of Thai Airways International has voiced objection to any plan to reduce the Finance Ministry’s stake in the national flag carrier. The Ministry is the major shareholder…

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(Photo) Facebook/Finance Minister Uttama Savanayana

Cabinet to consider Finance Ministry’s new economic stimulus package

The economic cabinet is due to consider the Finance Ministry’s economic stimulus package, aimed at stimulating consumption and investment, today (Friday). The proposal includes, among other things, a one-time 1,500…

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