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The Latest Breaking News from Arkhom Termpittayapaisith

Cabinet approves tax on share sales

The cabinet has approved a financial transaction tax on individual stock investors, ending a four-decade waiver.

Bangkok Post

Apec, China reopening could boost growth to 4%

Thailand's economy is expected to grow by 3-4% next year, growth supported by the tourism industry and as an outcome of the Asia-Pacific Economic Cooperation (Apec) summit, a seminar was told.

Bangkok Post

BoT frets over global conflicts, campaign pledges

Bank of Thailand governor Sethaput Suthiwartnarueput said he is concerned about the impact of geopolitical conflicts and the possible risk of what he described as "strange political campaigns" on the economy.

Bangkok Post

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Cabinet approves decreased rice income guarantee plan

The cabinet on Tuesday approved a lower amount for the income guarantee scheme for rice farmers for the main crop of the 2022-23 season.

Bangkok Post

Finance Ministry mulls land and building tax cuts

The Finance Ministry is considering a proposal to reintroduce a reduced land and building tax over the next two years, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Cabinet approves changes to liquor regulations

The cabinet on Tuesday approved the Finance Ministry's amendment to ministerial regulations regarding the production of traditional liquor for non-commercial purposes and craft beer, ignoring the Move Forward Party's draft Progressive Liquor Bill.

Bangkok Post

Japan, 5 nations condemn Russian war in Ukraine at Apec meeting

The United States, Japan and four other nations have condemned Russia's war in Ukraine in a joint release as they wrapped up a meeting of Asia-Pacific Economic Cooperation (Apec) finance ministers in Bangkok.

Bangkok Post

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Global economy to grow by 3.2% amid downturn

The global economy is growing at 3.2% this year, a substantial drop from 6% last year, with an even gloomier outlook for next year, according to Finance Minister Arkhom Termpittayapaisith after the Apec Finance Ministers' Meeting on Thursday.

Bangkok Post

Arkhom expects selective stimulus

The projected year-end stimulus packages will not be blanket schemes, but rather will focus on targeted groups, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Weak baht aids tourism resurgence and growth: Arkhom

A weaker baht is supporting Thailand’s post-pandemic tourism recovery, which is key to shoring up the nation’s economic performance, according to Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Finance Ministry sees 2022 economic growth of 3.0-3.5%

Thailand should see economic growth of 3 to 3.5% this year, driven by the key export and tourism sectors, Finance Minister Arkhom Termpittayapaisith said in an interview on Wednesday.

Bangkok Post

Thailand urges unity on fiscal, tax policy to fight looming stagflation

Thailand has urged the adoption of international cooperation on fiscal policy and tax measures to help safeguard small-sized businesses and low-income people from looming stagflation.

Bangkok Post

Arkhom plays down possibility of a slump

The Thai economic recovery is not expected to be greatly affected if the world goes into recession next year, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Arkhom urges overhaul of crypto laws

The law governing investments in digital assets should be reviewed to address grey areas, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

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Economy seen up 3.0 to 3.5% this year, says finance minister

The Thai economy is still expected to grow 3.0 to 3.5% in 2022, while a weak baht is helping exports, Finance minister Arkhom Termpittayapaisith said on Wednesday.

Bangkok Post

State mulls higher NSF contributions

The Finance Ministry is considering a higher government contribution to the National Savings Fund (NSF) in order to increase retirees' income, says Arkhom Termpittayapaisith.

Bangkok Post

Public debt plan given nod

The cabinet on Tuesday approved the public debt management plan for fiscal 2023, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Arkhom says 'nothing serious' as baht hits 37.78 per dollar, 16-year low

The Bank of Thailand (BoT) is closely monitoring the baht currency's weakness but there has been no big concern yet, the finance minister said on Monday, as the currency hit its lowest in 16 years against the dollar.

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Keeping the scammers at bay

Authorities and regulators are stepping up efforts to prevent financial fraud, especially online scams, with measures ranging from plugging legal loopholes to the use of advanced technology.

Bangkok Post

Bridging the gap

Cross-border trade between Thailand and neighbouring countries is thriving, thanks in part to expanded infrastructure connectivity.

Bangkok Post

Prawit walks back baht comments

Acting prime minister Prawit Wongsuwon, who earlier this week called for measures to halt the baht’s slide, said on Thursday the government won’t meddle with the central bank and how it handles the currency.

Bangkok Post

Weak baht takes centre stage

The Finance Ministry will hold talks with the Bank of Thailand to discuss and delve into the factors behind the weakening baht, said Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

No end to the scams

Those who expect the government and financial regulatory bodies to have quick and strong safeguards to protect wide-eyed investors from Ponzi schemes and hustlers: prepare for a letdown. The latest tit-for-tat this week among the ministries responsible suggests that people will have to wait for a solution, or simply just…

Bangkok Post

Officials pile pressure on Bank of Thailand to shield baht

The Bank of Thailand (BoT) and the Finance Ministry will soon meet to discuss the baht after it tumbled to the lowest in nearly 16 years, signalling growing concerns among officials that the currency slump can threaten a tepid recovery and stoke inflation.

Bangkok Post

Sugary drink makers get tax reprieve

Manufacturers of sugary drinks have been given more time to adjust their recipes after the government pushed back the latest hike in the excise levy for another six months.

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