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The Latest Breaking News from Arkhom Termpittayapaisith

Quick fix sought to bolster listing rules

Finance Minister Arkhom Termpittayapaisith has instructed the Stock Exchange of Thailand (SET) and the Securities and Exchange Commission (SEC) to speed up finding more effective measures to prevent falsified financial accounts from being used to list a company on the bourse.

Bangkok Post

Customs urged to speed up clearance process

Finance Minister Arkhom Termpittayapaisith has urged the Customs Department to expedite the customs clearance procedures for exports and imports, particularly those pertaining to the automotive industry.

Bangkok Post

Arkhom urges BAAC to rejig farmer debt

Finance Minister Arkhom Termpittayapaisith has asked the Bank for Agriculture and Agricultural Cooperatives (BAAC) to restructure farmers' debts to reduce non-performing loans (NPLs) to 3-4% for this accounting year from nearly 8% year-on-year.

Bangkok Post

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A 99% stock crash and shock default raise alarm

Only a year ago Stark Corporation looked like a Thai corporate success story. Backed by a wealthy local businessman, the nearly US$2 billion maker of electrical cables was an aggressive acquirer making its first major push beyond Asia.

Bangkok Post

Arkhom urges tough action for troubled cable manufacturer

Finance Minister Arkhom Termpittayapaisith says if any illegal activities are found in the probe of Stark Corporation shares, responsible agencies must prosecute the offenders.

Bangkok Post

SEC urged to act on Stark

Finance Minister Arkhom Termpittayapaisith has told the Securities and Exchange Commission (SEC) to take action regarding Stark Corporation's negative shareholder equity to protect investors' interests and build confidence.

Bangkok Post

Arkhom predicts low-growth year for Thai economy

The Thai economic recovery this year is expected to be "low growth", says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

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Economy strong despite weak exports, baht supportive - Finance Minister

Thailand's economy remains strong, despite weaker shipments, though the weaker baht currency will be supportive of exports this year, Finance Minister Arkhom Termpittayapaisith said on Friday.

Bangkok Post

Ministry told to explore diesel tax cut extension

Prime Minister Prayut Chan-o-cha assigned the Finance Ministry and relevant agencies on Tuesday to study the possibility of extending the excise tax cut on diesel of 5 baht per litre, which is scheduled to end on July 20 this year.

Bangkok Post

Rubber deal set to boost Thai firms in global market

The Finance Ministry, in collaboration with the Thai Chamber of Commerce and the Rubber Authority of Thailand, has signed a letter of intent for the Capital Flow in Rubber Industrial Estate project to boost the international competitiveness of entrepreneurs in the rubber supply chain.

Bangkok Post

Arkhom coy on diesel excise tax cut

Finance Minister Arkhom Termpittayapaisith has refused to take a stance on whether the diesel excise tax cut needs to be extended, saying it depends on global oil prices.

Bangkok Post

Thai economy resilient, on path to full recovery: Arkhom

Thailand's economy is on a solid path to recovery and showing resiliency, helped by good revenue collection and a normalisation of its tourism sector, while inflation should come in below 3% this year, the finance minister said on Monday.

Bangkok Post

Ministry sets targets for tax reform

The Finance Ministry has set four targets for tax reform, aiming to boost revenue to cover expenses and deal with future economic uncertainties, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post

SEC board authorised to name acting secretary-general

The board of the Securities and Exchange Commission (SEC) is permitted to name an acting secretary-general if the current government fails to endorse an SEC chief by the end of the month, according to Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

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Thailand unscathed by Western banking turmoil

Most economists from the public and private sectors expect the ongoing US and European banking crisis to have a limited effect on the Thai banking sector thanks to the solid fundamentals of local banks and the strong supervision of the Bank of Thailand.

Bangkok Post

Arkhom calms jitters

Finance Minister Arkhom Termpittayapaisith has offered reassurance that Thai financial institutions will not be affected by the banking debacle in the US and Europe as local organisations have little exposure to such banks.

Bangkok Post

5.6m tourist arrivals so far this year

Thailand recorded 5.57 million foreign tourist arrivals from January to March 18 this year, government spokesperson Traisuree Taisaranakul said on Wednesday.

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Arkhom pledges stability after poll

The government is ready to take action, even in a caretaker position before the next administration takes power, should global volatility affect the country's economy or financial system, Finance Minister Arkhom Termpittayapaisith told reporters.

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No impact on Thailand so far from US banking woes - Finance minister

Recent problems facing some banks in the United States had no impact on Thailand so far, Finance Minister Arkhom Termpittayapaisith told reporters on Wednesday.

Bangkok Post

Arkhom says SVB's failure unlikely to affect country

The Finance Ministry is closely monitoring the collapse of Silicon Valley Bank (SVB) to see if it has any impact on Thailand, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Enduring the lame duck period

Thailand is expected to hold its first general election in four years this May, which could mean a new premier as Gen Prayut Chan-o-cha has reigned as prime minister and before that military leader after staging a coup in 2014.

Bangkok Post

Arkhom predicts potential growth of 4-5%

The potential growth rate of the economy is 4-5%, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Arkhom cools concern

The economy is not overheating and authorities can control inflation rates, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Inflation seen falling further - Arkhom

Inflation in Thailand is expected to fall further and return to the Bank of Thailand’s (BoT) target range of 1% to 3% this year, helped by support measures, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

Bangkok Post

Cabinet approves tax waivers for ICOs

The cabinet yesterday approved waiving the corporate tax and value-added tax (VAT) for funds raised via initial coin offerings (ICOs) of investment tokens, says Finance Minister Arkhom Termpittayapaisith.

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