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Thai banking executive Predee Daochai named finance minister

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Thai banking executive Predee Daochai named finance minister

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2020-08-06T072859Z_1_LYNXNPEG750EE_RTROPTP_4_THAILAND-ECONOMY-FINMIN.JPG

FILE PHOTO: Predee Daochai, Chairman of the Thai Bankers' Association, is seen in this February 17, 2016 handout picture. Kasikornbank/Handout via REUTERS

 

BANGKOK (Reuters) - Thai banking executive Predee Daochai has been named the Southeast Asian country's new finance minister in a cabinet reshuffle, according to an announcement published in the official Royal Gazette.

 

Predee, who had been widely tipped to take the job, will face the tough task of navigating Southeast Asia's worst performing economy through the coronavirus pandemic.

 

Supattanapong Punmeechaow, former executive at PTT Global Chemical <PTTGC.BK>, has been appointed energy minister and deputy prime minister, the Royal Gazette said.

 

The cabinet shake-up came after the resignations of Finance Minister Uttama Savanayana, Deputy Prime Minister Somkid Jatusripitak and some other ministers last month.

 

(Reporting by Orathai Sriring and Panu Wongcha-um; Editing by Ed Davies)

 

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-- © Copyright Reuters 2020-08-06
 

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I just hope that this light at the end of the tunnel is not the headlight of the railways engine racing against us .......... 

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