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The Latest Breaking News from Arkhom Termpittayapaisith

Thailand should focus on reviving the economy ahead of injecting money into Covid-19 relief programmes, Finance Minister Arkhom Termpittayapaisith said on Monday, in a move perceived to signal a scaling down of financial aid for victims of the pandemic.

Bangkok Post

Ministry delineates plan to fine-tune NSF

The Finance Ministry aims to raise the monthly pension payment for freelancers who are members of the National Savings Fund (NSF) to 10,000 baht to encourage them to become fund members, says minister Arkhom Termpittayapaisith.

Bangkok Post

Arkhom says focus is fiscal discipline

The government is focusing on maintaining financial and fiscal discipline after undertaking massive borrowing, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

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Arkhom keen to restrain state spending

The Finance Ministry does not want to persist with high spending by state-owned financial institutions as it wants to maintain fiscal discipline, according to finance minister Arkhom Termpittayapaisith.

Bangkok Post

Govt to start taxing stock market sales this year

The Finance Ministry is standing firm on its plan to impose a financial transaction tax on individual stock investors this year after seeing growth in the local market.

Bangkok Post

BOI joins BCCT Luncheon & Fireside Chat

Thailand Board of Investment (BOI) Secretary-General Ms. Duangjai Asawachintachit, joined the latest BCCT Luncheon & Fireside Chat on the topic of “Resilient Thailand: From Resiliency to Recovery and Beyond” organized by the British Chamber of Commerce Thailand (BCCT) at The St. Regis Bangkok on 30 March 2022. Opening remarks were…

Bangkok Post

Arkhom eyes stable budget spending

The government has not overspent its budget and is trying to reduce the budget deficit to maintain fiscal stability, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

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Land and building tax discount in effect for 2022

The land and building tax is still offering a payment discount this year according to the law passed to ease the burden on landowners, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Inflation and Ukraine keep equities subdued

Recap: World stocks slid yesterday on worries about the Russia-Ukraine war and rising inflation that may force central banks into more aggressive interest-rate increases, potentially triggering a recession.

Bangkok Post

Arkhom asks GH Bank to keep rates stable

Finance Minister Arkhom Termpittayapaisith has asked Government Housing Bank (GH Bank) to maintain its current mortgage interest rates this year as borrowers struggle with living costs.

Bangkok Post

Property sector starting to recover - Arkhom

Thailand's property sector is starting to recover after two years of a slowdown due to the coronavirus pandemic, Finance Minister Arkhom Termpittayapaisith said on Thursday.

Bangkok Post

Consumption surges, but Ukraine hits confidence

The Thai economy last month recorded growing private domestic consumption, especially for durable items, alongside support from export growth, according to Fiscal Policy Office adviser Wuttipong Jittungsakul.

Bangkok Post

Arkhom eyes 10% export growth in 2022

Despite soaring oil prices and rising production costs driven by the Russia-Ukraine war, Finance Minister Arkhom Termpittayapaisith still hopes to see the Thai export sector expand by 10% this year.

Bangkok Post

SEC seeks to enhance capital market

The Securities and Exchange Commission (SEC) has been assigned to focus on capital market development in five areas during 2022-2027, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

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Finance minister adamant on Thailand's fiscal stability

Finance Minister Arkhom Termpittayapaisith insists Thailand still has enough fiscal stability to support the government to grow the economy despite the double whammy of soaring food and oil prices driven by strong demand and the Russia-Ukraine war.

Bangkok Post

Finance Minister: Fiscal, monetary policy to underpin recovery

Thailand's fiscal position remains stable and its monetary and fiscal policies are calibrated to support recovery in Southeast Asia's second-largest economy amid various challenges, Finance Minister said Arkhom Termpittayapaisith on Thursday.

Bangkok Post

Thailand approves relaxed tax rules for digital assets

The cabinet on Tuesday relaxed tax rules for investments in digital assets to help promote and develop the industry following a surge in cryptocurrency trading in Southeast Asia's second-largest economy.

Bangkok Post

Public debt forecast to increase to 62% of GDP

Finance Minister Arkhom Termpittayapaisith has projected Thailand's public debt will rise to 62% of GDP in fiscal 2022 from 59.6% as of December 2021.

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Bangkok Post

Full recovery key to BoT raising policy rate

If the central bank wants to raise the policy rate, it has to be confident the economy is in full recovery first, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Arkhom: Full economic recovery before any rate hikes

Thailand cannot contemplate any interest hikes until its economy is fully recovered, and fiscal and monetary policy will continue to support businesses and an economic recovery, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

Bangkok Post

Long-stay visa to waive personal income tax

The cabinet has approved waiving personal income tax for three foreign groups of taxpayers: high-income earners, retirees and those who want to work remotely from Thailand, said Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Tax cuts won't dent revenue

The country is likely to meet its revenue collection target despite the excise tax on diesel being halved for three months, said Finance Minister Arkhom Termpittayapaisith on Friday.

Bangkok Post

Ministry eager to soothe oil misery

The Finance Ministry is considering using the remaining funds from the 500 billion baht in borrowing under the second emergency loan decree to ease the impact of high oil prices on the cost of living, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Building a better future

Finance Minister Arkhom Termpittayapaisith has outlined eight areas Thailand needs to work on over the next decade to raise the country's competitiveness.

Bangkok Post

Kingdom predicts 4% economic growth amid uncertainty posed by pandemic

Finance Minister Arkhom Termpittayapaisith is confident of the kingdom's economic outlook, saying it will achieve 4% growth this year as forecast by several domestic and foreign agencies.

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