Thailand: Potential finance minister Predee Daochai resigns from Kasikornbank


BANGKOK, July 26 (Reuters): The co-president of Thailand's Kasikornbank, who has been tipped to become the next finance minister, resigned on Friday, the bank said in a statement.

Predee Daochai, 61, also chairman of the Thai Bankers' Association, is widely expected to replace Uttama Savanayana in a cabinet shake-up that saw a number of ministerial resignations last week.

Prime Minister Prayuth Chan-O-Cha has previously said that a cabinet reshuffle would take place by next month and that he had asked Predee to join.

The sudden changes in the economic team come at a critical time for Southeast Asia's worst-performing economy and add to uncertainty over policymaking as the country struggles to recover from the impact of the Covid-19 pandemic.

The central bank predicts that the Thai economy will shrink by a record 8.1% this year. - AFP
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In Aseanplus News

Thousands pay tribute to Thai royals amid calls for reform
University of Hong Kong professor jailed for life over ‘cold-blooded’ murder of his wife, whose body he kept in a box in his office
Experts say 'fake meat' may not cook up a storm in China
Philippines police threaten social distancing violators with caning
Ringgit to continue upward momentum against US dollar next week becomes first online platform to accept China's digital currency
Sony to shut Penang factory, consolidate facilities
Indonesia: 342 medical workers die of Covid-19; 6,027 cases reported and total now almost 570,000
22 victims in 2017 child porn cases receive compensation
13 new Covid-19 cases in Singapore, with 12 imported and 1 in the community

Stories You'll Enjoy