BANGKOK - Thailand's King has approved Arkhom Termpittayapaisith as the country's new finance minister, the official Royal Gazette said, handing him the task of steering Southeast Asia's second-largest economy through the coronavirus pandemic.
Arkhom, 64, was a transport minister in the government put in place after a 2014 coup, and was former head of the state planning agency, where he worked for more than three decades. He replaces banker Predee Daochai, who unexpectedly quit on Sept 1 after only a few weeks in the job.He has also served on several national committees, including the Bank of Thailand's Monetary Policy Committee and the Board of Investment.
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