Tag Archives: finance minister

NNA | Update: March 10, 2022 8:07 p.m. STI Islamabad [Pakistan]Mar 10 (ANI): Finance Minister Shaukat Tarin said on Wednesday that Prime Minister Imran Khan should not have reacted “publicly” against the European Union in his recent speech where he lambasted the bloc’s ambassadors for asking in Pakistan to condemn …

Sanctions imposed by the United States and the European Union on Russian banks have made Russian business entities a global pariah, much like North Korea. Importers, exporters and banks in many countries are stuck with receivables, payables and exposures and there is a small fear of large defaults. But in …

BANGKOK: Thailand’s fiscal and monetary policies are still working together to achieve 4 percent economic growth this year and ensure a full economic recovery, its finance minister said Thursday. The central bank had expected Southeast Asia’s second-largest economy, which grew 1.6% last year after a 6.2% contraction in 2020, to …

Finance chiefs from the Group of 20 advanced and emerging economies agreed on Friday to keep an eye on geopolitical risks amid growing concern over a possible Russian invasion of Ukraine, while pledging to take the necessary steps to contain inflationary pressures as oil and food prices rise. In a …

Former Finance Minister Uttama Savanayana The newly formed Sang Anakhot Thai (Building Thailand’s Future) party on Monday unveiled its Restart Thai Tourism platform with a plan to create a 20 billion baht fund to help the tourism industry get back on its feet. after the Covid-19 pandemic. Party co-founder Uttama …

Finance Minister Arkhom Termpittayapaisith addresses the virtual conference “Future of Growth: Thailand Vision 2030” as the keynote speaker to mark the 20th anniversary of “Post Today”. Finance Minister Arkhom Termpittayapaisith outlined eight areas Thailand needs to work on over the next decade to increase the country’s competitiveness. During a keynote …

Links to the breadcrumb PMN Company Author of the article: Bloomberg News Maya Averbuch and Nacha Cattan Publication date : February 04, 2022 • 10 minutes ago • 2 minute read • Join the conversation Content of the article (Bloomberg) – Mexico is preparing a multibillion-dollar infrastructure package with private …

Asian currencies mixed in a thin trade Stocks from Japan, India and the Philippines rise China, South Korea, Malaysia, Taiwan and Singapore are closed for the holidays Feb 2 (Reuters) – The Indonesian rupiah strengthened on Wednesday after the country’s finance minister took a cautious stance on the timing of …

Ministerial row delays EV measures Focus from the initial phase to the debate A visitor examines an electric vehicle at the Motor Expo last November in Impact Muang Thong Thani. (Photo: Pattarapong Chatpattarasill) A difference of opinion between the Ministry of Energy and the Ministry of Industry has led to …

A leading index that shows how South Korea’s economy will fare over the next half year fell for the fifth straight month in December. The Organization for Economic Co-operation and Development said on Thursday that the composite leading indicator, or CLI, for South Korea’s economy stood at 101.2 for December, …

Making his case for a zero duty on ferronickel, Ficci said it was the most important raw material used in the manufacture of stainless steel. Ahead of the Union budget, industry body FICCI called on the government to reduce the basic customs duty (BCD) on ferronickel to zero and impose …

NEW DELHI: India and Sri Lanka on Saturday reviewed progress in providing loans worth a total of $1.5 billion to the island nation for emergency purchases of food, medicine and supplies. fuel to overcome an economic crisis. The matter featured in a virtual meeting between Foreign Minister S Jaishankar and …

As a new registration cycle is about to begin, the finance ministry plans to use artificial intelligence to ensure that welfare cards issued this year are only granted to low-income people. eligible. The ministry plans to implement new technology to reduce fraud and prevent urgent financial aid money from going …

Sensex and Nifty extend their earnings through heavyweights in banking and finance; CMS Info Systems lists at Rs 218.25 a pop | Photo credit: iStock images India’s benchmark stock indexes extended their gains after starting the last day of the year on a positive note, supported by gains in heavy …

Minister of Finance Arkhom Termpittayapaisith The government plans to use tax incentives to support the growth of startups, said Finance Minister Arkhom Termpittayapaisith. He said the measure could be either an income tax cut or an income tax exemption for Thai and foreign venture capital funds that invest in startups. …

The anger sweeping the highways connecting the Turkish leader’s humble hometown to its lavish accommodations in Ankara’s presidential palace sends a red warning code to Recep Tayyip Erdogan. Tea growers, fishermen, small retailers, cafe staff and gas station attendants – some of the generally low-paid Turks and laborers who have …

TOKYO, Dec.15 (Reuters) – Japan has pledged $ 3.4 billion as its largest contribution to the World Bank’s International Development Association (IDA) to secure recovery for low-income countries after the COVID-19 pandemic, finance ministry officials said. Tuesday. The pledge came as Japan hosted an online meeting on the 20th IDA …

Finance Minister Arkhom Termpittayapaisith said Thailand’s economy is expected to experience a full recovery, not next year, but by 2023. The economy is expected to grow by around 4% next year. , so 2022 would start the economic recovery, but it will take longer for Thailand to definitely bounce back …

Vegetables are on sale Sunday at a traditional market in central Seoul. According to data provided by the Organization for Economic Co-operation and Development (OECD) on Saturday, the price of food and non-alcoholic beverages rose 5% year-on-year in the third quarter in Korea, placing the country fifth out of 38 …

This photo, taken on Sunday, shows an arrival hall at Incheon International Airport, west of Seoul. Health officials began barring the entry of foreigners from eight African countries, including South Africa, on the same day to block the influx of the new variant of COVID-19 omicron. (Yonhap) South Korea will …

Malaysia: Covid-19 watch: 5,097 new cases bring the total to 2,619,577 Covid-19: most of 5,097 new cases are asymptomatic, have mild symptoms, according to DG Health Covid-19: Ministry of Health is closely monitoring WHO and other countries on Omicron variant, according to Khairy Johor MB hopes the number of people …

Thai stocks hit a high for more than 2 months Singapore posts better than expected third quarter GDP Bank of Korea rate decision expected on Thursday Nov. 24 (Reuters) – Emerging market currencies in Asia were broadly subdued on Wednesday as regional assets remained resilient, even as bets on the …

Finance Minister Simon Birmingham blasted Labor heavyweight Paul Keating’s pro-China criticism of the Coalition’s Indo-Pacific defense decisions, calling his comments “frankly dangerous”. Former Labor Prime Minister Paul Keating’s scathing assessment of the Morrison government’s policy decisions in the Indo-Pacific was called short-term, narrow and dangerous by Finance Minister Simon Birmingham. …

The government will inject more funds into the Bangladesh House Building Finance Corporation (BHBFC) to enable more people to have their own homes, Finance Minister AHM Mustafa Kamal said yesterday. According to the plan, the released and authorized capital of the state-owned company will be increased to Tk 500 crore …

Japanese Prime Minister Fumio Kishida defied expectations and won an important electoral mandate on October 31 in the general elections for the House of Representatives. Although his Liberal Democratic Party (LDP) was bracing for losses that could weaken its control over the 465-seat lower house of the National Diet, the …

(Bloomberg) – Forex traders brace for a busy week as the Federal Reserve prepares to cut debt buying. But the Malaysian ringgit seems surprisingly calm. Bloomberg’s Most Read The currency appears poised to withstand any volatility fueled by a withdrawal of US stimulus measures as the Malaysian economy rebounds amid …

LIMA, October 27 (Reuters) – Peru’s finance minister said on Wednesday that the country’s left-wing government has no plans to take over the natural gas industry, in a bid to allay fears after the president Pedro Castillo spoke about nationalization earlier in the week. “Nationalizing the gas (sector) means putting …

Nation must break with archaic naming conventions and use “Taiwan” in the Comprehensive and Progressive Agreement on Trans-Pacific Partnership (CPTPP), said former finance minister and the country’s first ambassador to the WTO Yen Ching -chang. ‘Liberty Times’ (sister newspaper of the ‘Taipei Times’). He spoke about the history of Taiwan’s …

The chief financial officers of the Group of 20 major economies on Wednesday approved a 15% global minimum corporate tax rate and other new rules to fight tax evasion by IT giants, while promising to ” act as necessary in the face of rising inflation rates amidst supply disruptions due …

Irish Finance Minister Paschal Donohoe discusses the global corporation tax deal in an interview with Bloomberg Television in Dublin on Friday. (Photo Bloomberg) A sweeping corporate tax overhaul garnered support from 136 countries, as nations resolved major disputes over a global minimum rate and the end of new digital taxes …

TOKYO, Oct. 7 (Reuters) – Japan’s Finance Minister Shunichi Suzuki on Thursday warned of any sudden currency movements, saying he was closely monitoring the forex market as the yen hovered near its lowest 18 months against the dollar. The new finance minister made the comment when asked about the recent …

Finance Minister Nirmala Sitharaman downplayed fears of global contagion from the Evergrande crisis in China and said the central bank and government were closely monitoring any risk of “tantrum typing” resulting from the likely shift in the policy of the US Federal Reserve. Without naming China, she also pointed to …

The China Evergrande logo is seen outside the China Evergrande Center building in Hong Kong, China on September 23, 2021. REUTERS / Tyrone Siu / File Photo Oct 3 (Reuters) – Hong Kong’s exposure to debt-laden developer China Evergrande Group (3333.HK) is “very minimal” at 0.05%, or HK $ 14 …

Future Japanese Prime Minister Fumio Kishida plans to create a new ministerial post for economic security in a veiled counterattack to China’s alleged theft of technology, sources familiar with the matter said on Saturday. Kishida, who will launch his cabinet after being elected prime minister at the start of an …

(Bloomberg) – Japan is known to conduct much of its political wrangling behind closed doors, often making business leadership contests dull. Wednesday’s vote to choose the next leader of the Liberal Democratic Party, who is expected to become prime minister, looks like a rare exception. Bloomberg’s Most Read Traders will …

SEOUL, Sep 29 (Yonhap) – Finance Minister Hong Nam-ki said on Wednesday that the government is accelerating a plan to provide housing in Seoul and other areas, with the aim of curbing high prices for housing. In February, the government unveiled the plan that relaxed building regulations and supported redevelopment …

Minister Arkhom said the committee plans to seek Cabinet approval for the budget to help SMEs grappling with the impacts of the protracted pandemic soon. Thailand’s Ministry of Finance revealed that the state committee, charged with reviewing the use of the country’s borrowing to restore the COVID-hit economy, approved a …

Mr Arkhom said the decision of the State Monetary and Fiscal Policy Committee to raise the ceiling on the public debt-to-GDP ratio from 60% to 70% will allow more borrowing to rehabilitate an economy affected by the protracted pandemic of COVID-19. Thailand’s finance ministry said the government should have no …

The government has set aside 100 billion baht to help small and medium-sized enterprises (SMEs) grappling with the impact of the protracted pandemic, said Finance Minister Arkhom Termpittayapaisith. He said the state committee responsible for reviewing the use of the country’s borrowing to restore the virus-stricken economy had approved a …

Undue sufferingRelieving the hardships of young adults does not require sympathetic rhetoric, but a change in policy In his speech to mark the country’s Youth Day last week, Prime Minister Kim Boo-kyum expressed deep sympathy for the increasingly difficult situation facing many young South Korean adults. He said he could …

The president of the Federation of Thai Industries calls on the government to borrow an additional 1,000 billion baht to boost the economy in 2022. Supant Mongkolsuthree says more funds are desperately needed to revive an economy devastated by the fallout from the pandemic. According to a report from the …

TOKYO, Sept.21 (Reuters) – Japan may need more time to meet its budget target of achieving a surplus in its primary balance by fiscal year 2025, Finance Minister Taro Aso said on Tuesday. by refraining from abandoning this elusive goal. Some candidates in the ruling Liberal Democratic Party (LDP) leadership …

Chinese Trade Updates Sign up for myFT Daily Digest to be the first to know about Chinese business news. China’s membership in a U.S.-inspired trans-Pacific trade group appeals to conservative nationalists in the country eager to embarrass President Joe Biden, as well as liberals who see it as a way …

German voters will elect a new parliament next week. The outcome of the September 26 elections will decide who will succeed Chancellor Angela Merkel, who has ruled the country for 16 years. In addition to determining the next chancellor, the main issues of the election are economic policy in the …

Recap: European and emerging markets were mixed on Friday as investors and global traders assessed the prospect of a reduction in US Federal Reserve stimulus and the risks of a likely default from the Chinese real estate developer riddled with Evergrande debts. The SET index traded in a narrow range …

BANGKOK, Aug.21 (Bloomberg): Thailand is heading for a rare current account deficit this year as the country misses billions of dollars earned from tourism, likely increasing pressure on the country’s already battered currency. Southeast Asia’s second-largest economy could post a current account deficit of $ 10.3 billion, or 2 percent …

By Lee Kyung-min Vice Premier and Finance Minister Hong Nam-ki has asked if he will discuss the possible release of jailed Samsung Electronics Vice President Lee Jae-yong when he meets with the country’s five major pressure groups. next week. Lee is serving a two-and-a-half-year prison sentence following a guilty verdict …

TOKYO, Aug.6 (Reuters) – Japan hit a milestone of one million coronavirus cases on Friday, national media reported, as infections rose in the Olympic host from Tokyo to other urban areas and the country is grappling with an unprecedented rate of spread of the Delta variant. A driver for Finance …

NEW YORK – Gone are the plum blossoms and the image of Mount Fuji against a calm pink background from last year. A fully armored samurai warrior mounted on a charging steed is sported on the cover of Japan’s Defense White Paper this year, and people are taking note of …

Indonesia must “protect the people” and spend more to support them during the pandemic – and this should not harm economic recovery, the country’s finance minister Sri Mulyani Indrawati said on Tuesday. The so-called social safety net for Indonesians has been increased by 20% while health spending has increased by …

(Yonhap) South Korea’s top economic policy official on Tuesday reiterated his opposition to providing universal COVID-19 relief to anyone with another supplementary budget currently under consideration in parliament. On Monday, the leaders of the ruling parties and the main opposition parties shared the point of view on the need to …

South Korea and Argentina CFOs share concerns over major economies’ exit from easing South Korean Finance Minister Hong Nam-ki (right) shakes hands with Argentinian counterpart Martin Guzman ahead of talks in Venice, Italy, on the sidelines of the Group of 20 meeting of senior financial and economic officials . (Ministry …

The Chinese Communist Party warns Japan that it will “dig its own grave” if the country sides with the United States in defending Taiwan in the event of an invasion – adding that Japan is “powerless against the Chinese military” . “Japan does not dare to face China alone. If …

Minister Arkhom, the new remedy, called ‘Im Jai Loan’, will be limited to a maximum of 100,000 baht per claimant and will apply to established food and beverage businesses, such as restaurants, eateries and street stalls. department store food courts. The Thai Cabinet has earmarked 2 billion baht to help …

A Chinese invasion of Taiwan could be an “existential threat” to Japan that would lead to a collective defense of the democratic island with the United States, the Japanese vice premier said. Taro Aso, who is also finance minister, made the remarks during a fundraising event in Tokyo on Monday, …

South Korea has largely raised its economic forecast for this year amid expectations of record exports and a rebound in consumption as immunization levels rise.The country’s gross domestic product is expected to grow 4.2 percent this year, a percentage point higher than the previous projection at the end of last …

Ko Hyoung-kwon is the Ambassador and Permanent Representative of Korea to the OECD. – Ed.The 2021 OECD Ministerial Council meeting, chaired by the United States with South Korea and Luxembourg as vice-chairs, was held from May 31 to June 1 under the theme “Shared values: building a green and inclusive …

The Japanese government has disclosed a file left by an official in the regional office of the Ministry of Finance who committed suicide. The disclosure was in response to his widow’s request. The file is said to contain details of how the official was ordered to forge documents related to …

Over the past 17 weeks, the hit Japanese Sunday night show has dramatized the life of Eiichi Shibusawa, face of the new 10,000 Y banknote and “father of Japanese capitalism.” The show still has months to go, but we already know how it ends: Japan emerging from the 19th century …

Seoul: South Korea’s top economic decision-maker said the government plans to provide support to help around 1,000 auto parts makers transform into key suppliers of next-generation automobiles by 2030. Finance Minister Hong Nam-ki said the country plans to establish a 500 billion won ($ 448 million) fund to support research …

If you build a sandbox, will they come? Recap: Global stocks extended their record highs with the MSCI All Country World Index, poised for a fourth weekly advance amid rising confidence. European stocks rallied after the European Central Bank raised its inflation forecast and renewed its pledge to aggressively buy …

SINGAPORE – Last week, the Group of Seven Advanced Economies pledged to set a global corporate tax rate of “at least 15%” – a major step in promoting fairer taxation in the world. era of globalization and digitization. While the G-7’s proposal will be discussed further in the coming weeks …

Hello. This article is an on-site version of our FirstFT Asia newsletter. register here to receive the newsletter directly in your inbox every weekday morning The G7 tax deal struck by the world’s leading advanced economies this weekend is the first substantial evidence of relaunched international cooperation since President Joe …

(Bloomberg) – The Group of Seven Nations have targeted environmental crimes in an attempt to push companies to disclose their impact on the climate. Finance ministers at the G-7 meeting in London agreed for the first time to integrate climate change considerations into their decision-making. They also expanded the work …

G7 finance ministers pledged on Saturday to commit to a minimum global corporate tax level of at least 15% The move aims to get multinationals – especially tech giants – to pour more into government coffers hit hard by the pandemic. “I am delighted to report that today, after years …

Britain said the world was counting on a rally of some of the richest countries to agree reforms to outdated global tax rules, as Group of Seven finance ministers began a two-day meeting in London on Friday. . The rally, chaired by UK Finance Minister Rishi Sunak, is the first …

The government is ready to take on more debt in its fight against the Covid-19 pandemic, by issuing an executive decree authorizing the finance ministry to borrow an additional 500 billion baht until September of next year to protect health public and revitalize the economy. While new funds are generally …

* New loans to add growth of 1.5 ppts in 2021-2022 * Public debt / GDP ratio seen at 58.56% at the end of September (Addition of details, Deputy Prime Minister, comments by the Minister of Finance) BANGKOK, May 25 (Reuters) – The King of Thailand has approved a bill …

NOTNew loans to increase growth by 1.5 points in 2021-2022 Public debt / GDP ratio at 58.56% at the end of September Addition of details, Deputy Prime Minister, comments from the Minister of Finance BANGKOK, May 25 (Reuters) – The King of Thailand has approved a bill to borrow up …

LISBON (Reuters) – Germany wants the European Union to create a “climate club” with countries like the United States, Japan and maybe even China to avoid trade frictions over green tariffs such as a border carbon levy. German Vice-Chancellor and Finance Minister Olaf Scholz said on Saturday after talks with …

Amid an acute shortage of medical oxygen in the country in the fight against Covid-19, Megha Engineering & Infrastructures Limited (MEIL) has made arrangements to import 11 cryogenic tanks from Thailand. These reservoirs, provided free of charge by MEIL, will increase the supply of liquid medical oxygen to hospitals in …

Roland Kelts is the author of “Japanamerica: How Japanese Pop Culture has Invaded the US”, an editor of “Monkey: New Writing from Japan” and a visiting professor at Waseda University. Japan is known worldwide for its punctual and efficient customer service, and during most of the pandemic – with the …

Supermarket in South Korea (Yonhap) Consumer prices in South Korea have recently accelerated, but it is too early to say that the country’s economy is sufficiently overheated to warrant a rate hike, a senior government official said on Thursday. First Deputy Finance Minister Lee Eog-weon said inflation growth accelerated in …

The State Enterprise Policy Office has said the government will not support a billion baht infusion of funds for Thai Airways. The national airline is currently the subject of bankruptcy proceedings. SEPO’s Pantip Sripimol said Thailand’s finance ministry would not recapitalize the carrier, although it remains its largest shareholder. The …

Myanmar’s interim national unity government has warned foreign banks against lending to General Min Aung Hlaing’s junta, saying it will not recognize the debt once it regains power. The warning was issued by the finance minister of the parallel government formed by supporters of Aung San Suu Kyi, the deposed …