Global diesel price jump worries Energy ministry

The global diesel price jump of US$2.74/barrel in a single day yesterday has caused serious concern at the Energy Mnistry, to the extent that it may have to allow domestic…

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Finance Ministry reveals approach to tackling formal indebtedness

The Ministry of Finance unveiled details of its plan to solve formal debts today.  Dr Paopoom Rojanasakul, secretary to the finance minister, said formal debtors seeking state help will be…

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Little need for “digital wallet” scheme : Bank of Thailand  

A representative of the Bank of Thailand told the House Economic Affairs Committee today (Thursday) that there is little need for the digital wallet scheme, because private sector consumption for…

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Jury still out on idea of paying salaries to civil servants twice a month

At the first Cabinet meeting presided over by Prime Minister Srettha Thavisin on September 13, the government launched a slew of economic stimulus measures, including the plan to pay civil…

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Mixed expectations from new ministers as Srettha’s Cabinet gets to work

Months of wait for the new Cabinet ended on Saturday, but reservations were expressed by many observers on Prime Minister Srettha Thavisin’s choice of ministers. Srettha has kept with himself…

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Coveted Transport Ministry also poses huge challenges for party grabbing the portfolio

The Transport Ministry has long been considered one of the most coveted portfolios in the Cabinet due to the large projects for investment and management, ranging from airports to high-speed…

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Cabinet extends 5-baht per litre diesel tax cut for two more months

The Thai cabinet decided today (Tuesday) to extend the 5-baht/litre excise tax cut on diesel fuel, from May 21st until July 20th, to ease the burden on the public and…

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Two senior Finance Ministry officials under suspicion for insider trading

The directors-general of the Treasury and Comptroller-General departments are suspected of involvement in insider trading, in violation of the code of conduct of the Finance Ministry, in connection with the…

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Malaysian Prime Minister Anwar Ibrahim speaks during a news conference announcing his cabinet at Putrajaya, Malaysia December 2, 2022. REUTERS/Hasnoor Hussain

Malaysia PM Anwar to helm finance ministry

Malaysia’s newly-appointed Prime Minister Anwar Ibrahim said on Friday that he would also serve as the country’s finance minister, retaking a cabinet role he first held 30 years ago as he looks to…

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Thai government offers 60 billion baht in savings bonds to the public

The Public Debt Management Office at the Finance Ministry will offer 60 billion baht in government savings bonds for public subscription, starting on December 7th. Deputy government spokesperson Rachada Dhnadirek…

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Thailand’s Finance Ministry considers launch of new co-payment scheme phase

The Finance Ministry is now working on a possible launch of a 5th phase of the 50:50 co-payment scheme, aimed at easingthe financial burden of the rising cost of living….

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Government agencies ordered to pay ฿9.6bn compensation over Klong Dan project

Thailand’s Pollution Control Department (PCD) and Finance Ministry have lost the legal fight to avoid paying 9.6 billion baht in compensation to a consortium of companies over the corruption-plagued Klong…

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Stores rejecting Thailand’s co-payment scheme fearing back taxes

Several eateries and stores have put up signs, saying that they do not accept payment via the Government’s 50:50 co-payment stimulus scheme because they are afraid that revenue officials may…

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According to tax officials, those who engage in coin mining also will be subject to taxation on the sale of coins. (Photo by

Thailand plans to regulate, limit cryptocurrency payment for goods, services

The Finance Ministry, Bank of Thailand and Securities and Exchange Commission (SEC) have agreed to a plan to regulate and limit the use of cryptocurrencies as a means of paying for…

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How a proposed tax on share trading will affect investors

The Finance Ministry is considering levying a financial transaction tax (FTT) on stock trading next year, but a decision will depend on economic conditions, Finance Minister Arkhom Termpittayapaisith revealed recently….

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Thai cabinet to be asked to extend consumer spending stimulus schemes

Thai people may get to enjoy the benefits of the 50:50 co-payment and “Shop Dee Mee Kuen” (The More You Spend the More You Get) schemes until end of January,…

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AP Photo/ Gemunu Amarasinghe, File

Subscribers to government’s co-payment scheme urged to spend before program expires

Subscribers to the third phase of the 50:50 co-payment stimulus scheme have been advised to spend the balance in “Pao Tang” accounts, as the scheme will expire on December 31st…

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Increase in public debt ceiling raises questions on government’s competence

Finance Minister Arkhom Termpittayapaisith recently announced that the government needed to increase the public debt ceiling to 70 percent of gross domestic product (GDP) from 60 percent. The remarks came…

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Thai cabinet approves new excise tax structure for cigarettes

The cabinet has approved a new excise tax structure for cigarettes, which may increase the price of a pack of 20 by 6-8 baht, and the Excise Department will release…

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Thailand raises public debt ceiling to 70% of GDP

Thailand has decided to increase its public debt ceiling to gross domestic product (GDP) ratio to 70%, from the current 60%, to allow the government to borrow more to rehabilitate…

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(Photo by SAEED KHAN / AFP)

Class action suit filed by massage parlours, spas seeking compensation for lockdown losses

A group of 172 massage parlour and spa operators filed a class action lawsuit with the Civil Court today (Tuesday) against the Finance Ministry and the government, demanding compensation for…

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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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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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Facebook photo of 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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