WLTW

Willis Towers Watson Public Limited Company

231.56
USD
-1.19%
231.56
USD
-1.19%
197.63 271.87
52 weeks
52 weeks

Mkt Cap 28.85B

Shares Out 124.61M

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Thai inflation still low, manageable - FinMin

BANGKOK, May 24 (Reuters) - Thailand's inflation is still relatively low and manageable as the economy recovers gradually and more foreign tourists return, the finance minister said on Tuesday. As global price pressures increase, the Southeast Asian country has clear plans to prevent inflation from accelerating and overly affecting living costs and consumption, Arkhom Termpittayapaisith told reporters. "Inflation is a global issue. Every country's inflation has increased but ours isn't high compared with others," he said. Thailand's headline inflation rate was 4.65% in April, down from March's 5.73%, the fastest pace in 13 years, helped by government measures including price controls and fuel tax cuts. On Monday, Prime Minister Prayuth Chan-ocha said the government was aiming to keep inflation under 5%. Arkhom said the number of foreign tourists should reach 7 million this year following an easing of restrictions. In 2019, there were nearly 40 million foreign tourists. A planned tax on stock trades will not be introduced until the economic recovery is stable, he said. The government was planning to introduce a 0.1% tax on equities trades by entities with a monthly trading volume of more than 1 million baht ($29,334). ($1 = 34.09 baht) (Reporting by Kitiphong Thaichareon Writing by Orathai Sriring Editing by Ed Davies) ((orathai.sriring@tr.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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