Thailand's new Finance Minister Arkhom Termpittayapaisith. (Photo: Bangkok Post)
Bangkok (VNA) – Thai King Maha Vajiralongkorn approved thenomination of former Transport Minister Arkhom Termpittayapaisith as Thailand'snew Finance Minister.
The appointment decision took effect on October 5.
Arkhom,64, replaces banker Predee Daochai, who unexpectedly quit on September 1 after only 20 days in office.
Arkhomwas appointed deputy transport minister in August 2014, serving in the Prayutadministration, and was promoted to transport minister a year later.
He graduated with a BA in Economics from Thammasat University and a Master'sDegree in Development and Economics from Williams College in the United States.
Thaieconomic experts earlier noted that whoever the new finance minister is, theThai economy heavily hit by the COVID-19 will be a huge challenge ahead.
Thailand'scentral bank in late September forecast a 7.8 percent GDP drop in the Thaieconomy and maintained its interest rate at 0.50.
Meanwhile, the World Bank announced the worst scenario for the Thai economy,with a GDP fall of up to 10.4 percent this year, as trade and tourism have beenseriously impacted by the pandemic./.
Thailand's economy could contract by as much as 10.4 percent this year as trade and tourism are severely dampened by COVID-19, with the ongoing drought and floods adding to the woes, said the World Bank (WB).
The Tourism Council of Thailand (TCT) said about 10 percent of businesses in the country’s tourism industry have closed with almost 540,000 workers laid-off due to the economic impact of the COVID-19 pandemic.
Thai authorities said on October 2 that the country will begin reopening its borders to outsiders and kick-start the tourism industry plagued by the COVID-19 pandemic with a flight from China this month.
The Ministry of Foreign Affairs of Thailand has asked all Thai embassies and consulates around the world to promote the special long stay tourist visa.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Thailand's new Finance Minister Arkhom Termpittayapaisith. (Photo: Bangkok Post)
