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Finance ministry

Malaysian taxpayers paid over $1.7 billion for 1MDB debt so far

Malaysia’s finance ministry has used a total of 6.98 billion ringgit ($1.76 billion) in tax money since April 2017 to pay back accumulated debt of state...
Indonesia suspects local Google branch of tricking the taxman

Indonesia's tax office said it will investigate Alphabet Inc, the parent company of Internet giant Google, for suspected unpaid taxes of at least $400...
Yingluck promises rice payments ‘next week’

Long-overdue government subsidy payments to farmers under the rice-pledging scheme will begin next week, Thaialnd's caretaker Prime Minister Yingluck Shinawatra said on February 13,...
Next: Unpaid Thai rice farmers may protest

The populist rice pledging scheme in Thailand, which was originally meant to keep millions of rice farmers loyal to the government by buying rice...
Thailand sets maximum rate for microfinance at 36%

Thailand's ministry of finance has set the lending rate for its upcoming microfinance programme at36 per cent annually or 3 per cent monthly, The...
Myanmar phases out dollar surrogate

Myanmar abolished its secondary currency, the Foreign Exchange Certificates (FEC), on March 20, 2013 as per an official announcement by the Finance Ministry. FEC were...
ADB president accepts Bank of Japan call

Asian Development Bank (ADB) President Haruhiko Kuroda will leave his post on March 18 to take on the job as governor of the Bank...
Thailand to invest heavily in railways

The lion's share of Thailand's infrastructure investment will flow into the upgrade of the country's overburdened railway network, according to the Thai finance ministry.A...
Thailand ponders launch of Buddhist bank

The Thai government is in the initial stages of drafting a bank after Buddhist principles as a special-purpose financial institution similar to the Islamic...