Thailand hunts for new finance minister to tackle economy in crisis

BANGKOK - After its finance minister's surprise exit, Thailand is looking for a new chief to steer its economy through the coronavirus crisis, with the outgoing central bank boss being linked to the job and a deputy minister throwing his hat into the ring.

Prime Minister Prayut Chan-ocha wants to fill the post at an appropriate time, but investors want a quick and suitable appointment for policy continuity and to build confidence. "I have the expertise and ability to handle the pressure of the current economic situation," he told reporters soon after Predee quit.Santi is director of the ruling Palang Pracharat Party and served in the Yingluck Shinawatra administration, which was overthrown in a 2014 coup led by Prayut.

Pailin is responsible for implementing stimulus plans as the head of one of two committees under a special government task force for reviving the economy, which is seen shrinking a record 8.5 per cent this year.

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