Thai ex-executive Pichai named finance minister, faces growth challenge

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Pichai Chunhavajira News

Thailand,Thai Economy

BANGKOK, April 28 — Thai former energy executive Pichai Chunhavajira was named the country’s finance minister on Sunday, facing a tough task to revive South-east Asia’s...

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Pichai was the chair of the board of Bangchak Corp since 2012. He headed the board of the Stock Exchange of Thailand for less than three months this year and was on the central bank board from 2014 to 2017. The controversial stimulus has been delayed to late 2024 due to a lack of funding and concerns about the impact on public debt, with economists and some former central bank governors criticising it as fiscally irresponsible.The government, rejecting that criticism, is forging ahead with the scheme, although the central bank recommends it be targeted only towards vulnerable groups.

 

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