Economics
Thailand Picks Ex-Transport Head Arkhom as New Finance Chief
- Arkhom’s challenges include accelerating stimulus spending
- Thai economy on course for its biggest contraction ever
Arkhom Termpittayapaisith
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Thailand picked Arkhom Termpittayapaisith as finance minister to steer an economy facing its worst performance ever this year, following the abrupt resignation of his predecessor.
The appointment, effective immediately, was announced in the Royal Gazette on Monday. Arkhom’s appointment comes after former banker Predee Daochai resigned less than a month into the job, citing ill health.