New Finance Minister expected in April as economic malaise deepens

[webfact]

Current Stock Exchange of Thailand (SET) Chairman and top businessman, Pichai Chunhavajira, is being tipped for the role of Minister of Finance. It comes with a cabinet reshuffle due in April. Mr Pichai is seen as a stalwart of the Pheu Thai Party and the Shinawatra family.

 

New Finance Minister expected amidst GDP downgrades | Economic malaise deepens as new finance minister anticipated in April. Amidst ballooning private sector debt and structural impediments, Pichai Chunhavajira has emerged as the front-runner for the role. Srettha’s trenchant criticism of the central bank has sparked unease.

A new Minister of Finance may be appointed in April. It comes as the Pheu Thai-led government comes to terms with economic realities. This includes the growing problem of ballooning private sector debt and structural impediments to growth. At the same time, most analysts agree that Prime Minister Srettha Thavisin, who currently handles the role, has spooked markets with his overt criticism in recent months of the country’s central bank. The potential appointment of a new Finance Minister has seen the name of Pichai Chunhavajira emerge. Mr Pichai, the stock exchange boss, is a stalwart of the Pheu Thai Party and significantly, the Shinawatra family.

 

Since Thaksin Shinawatra’s release on parole on February 18th, the role of the Shinawatra family in government has grown stronger. It now appears that Prime Minister Srettha Thavisin will cede his role as Minister of Finance.

 

by Joseph O' Connor

 

Full story: Thai Examiner.com 2024-03-20

 

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[flyingtlger]

14 minutes ago, webfact said:

New Finance Minister expected amidst GDP downgrades | Economic malaise deepens

You keep hearing of how tourism is "expected" to double and how condominiums are selling like hotcakes.

 

This is the first time I hear something realistic......

[ukrules]

Lets sit back and watch him reverse everything the current 'finance minister / PM' changed.

[BE88]

Thanks Thaksin now we know who wants our money down to the last penny

[Tropicalevo]

5 hours ago, webfact said:

Economic malaise deepens

 

5 hours ago, webfact said:

the growing problem of ballooning private sector debt

Dear Mr PM/Finance Minister

Please stop giving tax payers money away on dodgy projects.

Help people to work for a living. (Clue - more workers pay more taxes.)

[ozz1]

Just in time for their 10k giveaway i smell a rat

[Srikcir]

20 hours ago, webfact said:

most analysts agree that Prime Minister Srettha Thavisin, who currently handles the role, has spooked markets with his overt criticism in recent months of the country’s central bank.

Central bank has been proven correct to doubt government prediction of higher GDP growth to justify lower interest rates. 

[hotchilli]

On 3/20/2024 at 4:17 AM, webfact said:

A new Minister of Finance may be appointed in April. It comes as the Pheu Thai-led government comes to terms with economic realities. This includes the growing problem of ballooning private sector debt and structural impediments to growth.

 

[hotchilli]

On 3/20/2024 at 4:32 AM, flyingtlger said:

You keep hearing of how tourism is "expected" to double and how condominiums are selling like hotcakes.

 

This is the first time I hear something realistic......

Tourism may well be growing, but it's all Thailand has, it's other 80% of GDP is tanking.

Talk of higher GDP growth is just government spin trying to kid people everything is okay.

If Thailand was heading for, or in  a recession do you think they would admit it?

[jacko45k]

53 minutes ago, hotchilli said:

If Thailand was heading for, or in  a recession do you think they would admit it?

A few more millions from India and China and that can be averted.......so someone seems to think.

[sammieuk1]

Whatever fiddling your doing keep it up but faster the £ is at a 9 year high 🤔