New Thai finance minister yes to boosting consumption

The other main tasks include boosting liquidity, supporting tourism and accelerating public spending, new finance minister, Arkhom Termpittayapaisith, told reporters on his first official day at work.

BANGKOK: Thailand will focus on spurring domestic consumption and reopening an economy badly hit by the impact of the coronavirus crisis, the country’s new finance ministry said yesterday.

South-East Asia’s second-largest economy suffered its deepest contraction in 22 years in the second quarter as the pandemic hammered the key tourism sector and domestic activity.