Who Could Be Thailand’s Finance Chief? Thaksin’s Daughter, Bankers Among Hopefuls

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 50%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

A member of Thailand’s influential Shinawatra clan and two leading banking executives are among contenders for the finance minister’s job as Prime Minister Srettha Thavisin picks his team to run Southeast Asia’s second-largest economy.

Paetongtarn Shinawatra, the youngest daughter of former premier Thaksin Shinawatra, former finance chief Kittiratt Ra-Ranong, Arthid Nanthawithaya, chief executive of SCB X Pcl, and Payong Srivanich, who heads state-run Krung Thai Bank Pcl, are probable candidates, according to analysts and local media.

The choice of the finance chief and measures to accelerate growth will be keenly watched by investors, who have fled Thailand since the May election. The finance chief’s first challenge will be to finalize the state budget for the fiscal year starting Oct. 1 in the backdrop of a slowdown in China, Thailand’s top trading partner, a looming drought and near-record household debt. Data this week showed the economy grew at 1.

Srettha is an economics graduate from the University of Massachusetts and holds an MBA from Claremont Graduate School in the US. He worked at luxury builder Sansiri Pcl for more than three decades before resigning as its president and chief executive in April. While a minister, his reputation was sullied by constant clashes with the central bank governor, stemming from their opposing economic views. In 2013, Kittiratt told reporters that he had contemplated firing Prasarn Trairatvorakul, the central bank governor at the time.After having been passed over for the prime minister’s job, 37-year-old Paetongtarn, may be looking to gain some experience as a minister.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 83. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Yahoo Finance LIVE - Aug 23 PMExecutives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

BRICS Bank Struggles to Find South Africa Projects to FinanceThe New Development Bank, a financial institution created by the BRICS bloc, is struggling to find viable projects to fund as part of its $3 billion pledge for South Africa’s Just Energy Transition initiative.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Yahoo Finance LIVE - Aug 23 AMExecutives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Ontario's finance minister cool to idea of municipal sales taxesPeter Bethlenfalvy says the provincial government is 'not in favour' of tax increases after Toronto city staff floated the idea of creating its own municipal sales tax whichh would be charged separately from the harmonized sales tax.
La source: CBCToronto - 🏆 51. / 61 Lire la suite »

Brazil proposes yuan guarantees for exports to Argentina, finance minister saysJOHANNESBURG (Reuters) - Brazil has submitted a proposal to Argentina aimed at securing Chinese yuan guarantees for Brazilian exports to the ...
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »

Pakistan required to keep SOEs under finance ministry oversight -IMFBy Ariba Shahid KARACHI (Reuters) - The International Monetary Fund's (IMF) representative in Pakistan on Wednesday said that the reform process to ...
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »